| Disclaimer | p. 12 |
| The Art of Basic Buffettology | |
| Before You Begin This Book | p. 15 |
| How to Use This Book | p. 21 |
| Roots | p. 27 |
| Investing from a Business Perspective | p. 31 |
| What Is Businesslike Investing? | p. 33 |
| Warren's View of Earnings | p. 35 |
| The Price You Pay Determines Your Rate of Return | p. 39 |
| The Corporation, Stocks, Bonds--a Few Useful Explanations | p. 45 |
| Valuing a Business | p. 55 |
| The Only Two Things You Need to Know About Business Perspective Investing: What to Buy--and at What Price | p. 65 |
| What We Can Learn from Warren's Secret Weapon: The Magic of Compounding | p. 69 |
| Determining What Kind of Business You Want to Own | p. 77 |
| The Theory of an Expanding Intrinsic Value | p. 81 |
| The Mediocre Business | p. 87 |
| How to Identify the Excellent Business-the Key to Warren's Good Fortune | p. 93 |
| Nine Questions to Help You Determine If a Business Is Truly an Excellent One | p. 99 |
| Where to Look for Excellent Businesses | p. 119 |
| More Ways to Find a Company You Want to Invest In | p. 127 |
| What You Need to Know About the Management of the Company You May Invest In | p. 135 |
| When a Downturn in a Company Can Be an Investment Opportunity | p. 139 |
| How Market Mechanics Whipsaw Stock Prices to Create Buying Opportunities | p. 147 |
| Inflation | p. 157 |
| Inflation and the Consumer Monopoly | p. 165 |
| A Few Words on Taxation | p. 169 |
| The Effects of Inflation and Taxation on the Rate of Return, and the Necessity to Obtain a 15% Return on Your Investment | p. 171 |
| The Myth of Diversifications Versus the Concentrated Portfolio | p. 173 |
| When Should You Sell Your Investments? | p. 175 |
| Warren's Different Kinds of Investments | p. 181 |
| Advanced Buffettology | |
| The Analyst's Role in Ascertaining Earning Power | p. 191 |
| The Mathematical Tools | p. 193 |
| Test #1, to Determine at a Glance the Predictability of Earnings | p. 195 |
| Test #2, to Determine Your Initial Rate of Return | p. 199 |
| Test #3, to Determine the Per Share Growth Rate | p. 201 |
| Determining the Value of a Company Relative to Government Bonds | p. 205 |
| Understanding Warren's Preference for Companies with High Rates of Return on Equity | p. 207 |
| Determining the Projected Annual Compounding Rate of Return, Part I | p. 215 |
| Determining the Projected Annual Compounding Rate of Return, Part II | p. 221 |
| The Equity/Bond with an Expanding Coupon | p. 229 |
| Using the Per Share Earnings Annual Growth Rate to Project a Stock's Future Value | p. 233 |
| How a Company Can Increase Its Shareholders' Fortunes by Buying Back the Company's Stock | p. 237 |
| How to Determine If Per Share Earnings Are Increasing Because of Share Repurchases | p. 343 |
| How to Measure Management's Ability to Utilize Retained Earnigns | p. 247 |
| Short-Term Arbitrage Commitments | p. 253 |
| Bringing It All Together: The Case Studies | p. 259 |
| Gannett Corporation, 1994 | p. 259 |
| Federal Home Loan Mortrgage Corporation, 1992 | p. 266 |
| McDonald's Corporation, 1996 | p. 273 |
| How Warren Got Started: The Investment Vehicle | p. 279 |
| Fifty-four Companies to Look At | p. 287 |
| Waiting for the Perfect Pitch | p. 307 |
| Epilogue | p. 311 |
| Index | p. 313 |
| Table of Contents provided by Syndetics. All Rights Reserved. |
