Explores in detail the way that Warren Buffett really invests, including his multifaceted investment principles, portfolio diversification practices, how he thinks differently about market efficiency and corporate governance and how to use these techniques in your own investment portfolio. While Warren Buffett s investment ideas are simple to understand, his success can be difficult to duplicate?unless you become familiar with how he really goes about the process of investing. In this engaging new book, author Prem C. Jain 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 fifty years. Through this effort, Jain uncovers the key elements of Buffett s approach and offers an accessible way to apply it to your own investment endeavors. With Buffett Beyond Value, you ll quickly learn 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. You ll also discover why Buffett emphasizes the importance of high quality management above many other metrics when evaluating a company he s interested in. Written for anyone serious about stock market investing, this unique guide skillfully outlines the proven principles Buffett has followed over the course of his long and successful career and shows you what it takes to make them work for you. Topics include: How to build a diverse and profitable portfolio the Warren Buffett way Why you need an appropriate psychological temperament to be a successful investor Buffett s thoughts on market efficiency and the ways in which you can incorporate them into your investment decision making How issues related to profitability and accounting can provide you with a perspective that is uncommon in investing circles Why Buffett thinks differently from others about portfolio diversification, corporate governance, and much more If there s one person worth listening to when it comes to investing?whether you re an individual investor, a student, an academic, or a professional portfolio manager?it s Warren Buffett. And with Buffett Beyond Value as your guide, you ll gain valuable insights that could enhance your understanding of investing and improve your ability to make more profitable decisions in today s markets. Preface. Acknowledgments. Part I: Introduction and Background. Chapter 1: The Thrill of Investing in Common Stocks. Chapter 2: 1965 2009: Lessons from Significant Events in Berkshire History. Part II: Buffett Investing = Value + Growth. Chapter 3: Value Investing It s Like Buying Christmas Cards in January. Chapter 4: Growth Investing. Chapter 5: Intrinsic Value. Chapter 6: Buffett Investing = Value + Growth. Part III: Other People s Money. Chapter 7: Insurance Other People s Money. Chapter 8: Reinsurance: More of Other People s Money. Chapter 9: Tax Deferment: Interest Free Loans from the Government. Part IV: Success in Retailing, Manufacturing, and Utilities. Chapter 10: If You Don t Know Jewelry, Know Your Jeweler. Chapter 11: Compete Like Mrs. B. Chapter 12: Why Invest in Utility Companies? Chapter 13: High Profits in Honest to Goodness Manufacturing Companies. Part V: Risk, Diversification, and When to Sell. Chapter 14: Risk and Volatility: How to Think Profitably About Them. Chapter 15: Why Hold Cash: Liquidity Brings Opportunities. Chapter 16: Diversification: How Many Baskets Should You Hold? Chapter 17: When to Sell. Part VI: Market Efficiency. Chapter 18: How Efficient Is the Stock Market? Chapter 19: Arbitrage and Hedge Funds. Part VII: Profitability and Accounting. Chapter 20: M = Monopoly = Money. Chapter 21: Who Wins in Highly Competitive Industries? Chapter 22: Property, plant and equipment: Good or Bad? Chapter 23: Key to Success: ROE and Other Ratios. Chapter 24: Accounting Goodwill: Is It Any Good? Part VIII: Psychology. Chapter 25: How Much Psychology Should You Know? Chapter 26: How to Learn from Mistakes. Part IX: Corporate Governance. Chapter 27: Dividends: Do They Make Sense in This Day and Age? Chapter 28: Should You Invest in Companies That Repurchase Their Own Shares? Chapter 29: Corporate Governance: Employees, Directors, and CEOs. Chapter 30: Large Shareholders: They Are Your Friends. Conclusion: B = Baseball = Buffett. Appendix: A Summary of the Book. Notes. Index.