Investing in the stock market may be one of the most hyped occupations in the world for stakes and glitz, but oddly enough, this little book makes it sound both approachable... and mundane. In a good way.
"How Buffett Does It: 24 Simple Investing Strategies From the World's Greatest Value Investor" is one of those books that's pretty much exactly what it says on the tin. Author James Pardoe has gone through a number of sources, primarily annual reports written by Buffett about his company, and has culled investment thoughts and strategies out of them to build a plan based on Buffett's own investing strategies.
And, as it turns out, that investment strategy is pretty simple. He favors something called value investing, which again, is just what it sounds like - you find value in the companies whose stock you want to buy, and you buy them, and then you hold onto them because if you did your research and are right, then the company is strong and will stick around and profit - and you get to profit as well.
It's a bit more complicated than that, but this book does a good job of breaking everything down into really easy-to-digest chunks. In fact, that might be one of this book's real weaknesses. It's very simplistic, even a little repetitive, despite being very short - 154 pages of relatively large type and small pages, combined with a cartoon occupying a full page at the start of each of the chapters dedicated to the previously mentioned 24 strategies.
Still, it's a nice little book. It's got some common sense that flies in the face of what media sometimes tells us about stock market investing and it's written in easy-to-understand, plain language. It's very short and very basic, so if you're REALLY interested in investing you'll probably want to start here and then go somewhere else. But it helps establish a wide set of rules and a base investing philosophy.