Buffett Beyond Value

March 17, 2010 Buffett Beyond Value Book Cover

Georgetown Business Professor Prem Jain Authors Book on Buffett and Examines Why Growth and Management Are Important When Investing

Washington, D.C. – While Warren Buffett’s investment ideas are simple to understand, his success can be difficult to duplicate – unless one becomes familiar with how he really goes about the process of investing.

In Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing (Wiley, April 2010), Prem C. Jain, a professor at Georgetown University’s McDonough School of Business, extracts Warren Buffett’s investment wisdom from Berkshire Hathaway annual reports, Buffett’s letters to shareholders and partners in his partnership firms, and as many of Buffett’s other writings as he could find – thousands of pages written over the past 50 years. Through this effort, Jain uncovers the key elements of Buffett’s approach and offers an accessible way to apply it to one’s own investment endeavors.

Buffett Beyond Value teaches that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. Readers will discover why Buffett emphasizes the importance of high-quality management above many other metrics when evaluating a company he is interested in.

“We learn from Warren Buffett that it is not enough to understand the fundamentals of the business, but to invest only when that business is led by excellent managers with the highest ethical standards,” Jain said.

Written for anyone serious about stock market investing, this guide outlines the proven principles Buffett has followed during his long and successful career and shows what it takes to make them work. Topics include:

• How to build a diverse and profitable portfolio the Warren Buffett way
• Why successful investors need an appropriate psychological temperament
• Buffett’s thoughts on market efficiency and how to incorporate them into investment decision making
• How issues related to profitability and accounting can provide a perspective that is uncommon in investing circles
• Why Buffett thinks differently from others about portfolio diversification, corporate governance, and much more

“Many books about Warren Buffett describe him as simply a ‘value’ investor. Jain gives us a clearer understanding of the techniques of the man known as ‘the world’s greatest investor’ and shows that his investment principles are consistent with many of the precepts of modern financial theory,” said Burton Malkiel, professor, economics department, Princeton University, and author of A Random Walk Down Wall Street and The Elements of Investing.

Read a review of the book online.

About the Author
Prem C. Jain is the McDonough Professor of Accounting and Finance at Georgetown University’s McDonough School of Business in Washington, D.C. He previously has taught at the Wharton School of the University of Pennsylvania and the Freeman School of Business at Tulane University. His research has been published in many prestigious finance and accounting journals including the Journal of Finance and the Journal of Accounting Research. Jain received a doctorate from the University of Florida and a master’s degree in applied economics from the University of Rochester. He is also a CPA in the state of Florida.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 500 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu.