Celebrates 25 years of Buffett’s focus investing strategy with fresh insights for today’s investors For more than two decades, The Warren Buffett Portfolio has guided investors toward mastering the art of focus investing-a strategy that concentrates on a select group of superior businesses rather than spreading resources thin across countless holdings. With the release of the 25th Anniversary Edition, Robert G. Hagstrom, one of the most respected interpreters of Warren Buffett’s investment philosophy, offers fresh insights into why concentrated portfolios remain the key to long-term wealth creation, even in today’s volatile markets. This updated edition addresses the limitations of conventional portfolio theory and challenges readers to rethink risk, diversification, and market efficiency through the lens of Buffett’s remarkable success. Hagstrom expands the original work with powerful new material that reflects what he has learned since introducing the concept of focus investing. Presents new frameworks for how to think about market prices and the changing structure of markets, patience premium, wisdom of crowds and diversity breakdowns. Offers a fresh, new approach to investing called ‘business-driven investing’ designed for achieving and compounding long-term growth.
