The Warren Buffett Way provided the first look into the
strategies that the master uses to pick stocks. A New York Times
bestseller, it is a valuable and practical primer on the principles
behind the remarkable investment run of the famed oracle of Omaha.
In this much-awaited companion to that book, author Robert Hagstrom
takes the next logical step, revealing how to profitably manage
stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help
you through the process of building a superior portfolio and
managing the stocks going forward. Building a concentrated
portfolio is critical for investment success. THE WARREN BUFFETT
PORTFOLIO introduces the next wave of investment strategy, called
focus investing. A comprehensive investment strategy used with
spectacular results by Buffett, focus investing directs investors
to select a concentrated group of businesses by examining their
management and financial positions as compared to their stock
prices. A strategy that has historically outperformed the market,
focus investing is based on the principle that a shareholder's
return from owning a stock is ultimately determined by the
economics of the underlying business. Hagstrom explains in
easy-to-understand terms exactly what focus investing is, how it
works, and how it can be applied by any investor at any level of
experience. He demonstrates how Buffett arranges his stocks in a
focus portfolio and reveals why this is as responsible for his
incredible returns as the individual stocks he picks. Ultimately,
Hagstrom shows how to use this technique to build and manage a
portfolio to achieve the best possible results.

Praise for THE WARREN BUFFETT PORTFOLIO THE EXTRAORDINARY
FOLLOW-UP TO "THE MOST IMPORTANT STOCK BOOK OF THE 1990s."--KENNETH
L. FISHER, Forbes

"This is an outstanding investment book and an important one. In
The Warren Buffett Way, Robert Hagstrom explained how Warren
Buffett invests. In The Warren Buffett Portfolio, he explains how
you can become a better investor. Studied carefully and taken to
heart, the principles and methods covered in this book will profit
the novice and professional alike. A rare achievement."--BILL
MILLER, President, Legg Mason Fund Advisor, Inc., and Morningstar's
1998 Domestic Equity Fund Manager of the Year "Thank you, Robert
Hagstrom, for the finely honed thinking, the clear writing and the
simple strategies that help all of us be more successful at one of
life's most intriguing and intimidating tasks: investing our
money."--JANET LOWE, Author, Warren Buffett Speaks and The
Rediscovered Benjamin Graham

"Does your favorite mutual fund own too many stocks for its own
good? Do fewer stocks produce happier returns? Hagstrom makes a
persuasive and provocative case."--JOHN ROTHCHILD, Author, The Bear
Book: Survive and Profit in Ferocious Markets

"One of the top 10 investing books of the year 1999."--HARRY
EDWARDS, Business Editor, amazon.com Please visit our Web site at
www.wileyfinance.com