The Warren Buffett Way: The World’s Greatest Investor

244 INDEX

Overconf idence, 183–184
Overreaction Bias, 184 –185
Owner of the company, manager
thinking like, 41–42
Owner earnings, 113–114

Pampered Chef, 47–48, 79, 94, 116,
136
Pascavis, Travis, 138
Pentagon Papers, 55
Peter Kiewit Sons, 147
Ponzio, Craig, 132
Portfolio management, 157–175
Price per share ( Washington Post
Company), 56
Pricing f lexibility, 71
Problems, companies with, 68
Prof itability, 17
Prof it margins, 114 –117
Psychology of misjudgment, 28
Psychology of money, 177–188

Quality of management, 18
Qwest, 148–149

Rationality, 82, 85, 89–94
Reichardt, Carl, 67, 115, 129
Reinsurance, 34. (See alsoGeneral Re
Corporation)
Return on equity, 109–113
Ringwalt, Jack, 36, 38, 67, 97
Risk, 165, 186–187
RJR Nabisco, 145–146
Roach, John, 74
Robinson, James, 91
Rodrigez, Alex, 37
ROE, 52
Rosier, Grady, 48
Ruane, Bill, 2, 167, 169–171
Ruane, Cuniff & Company, 169

Salomon Brothers, 152
Saul, Julian, 83

Schneider, Gary, 74

Schumpeter, Joseph, 20

Scott, Walter, Jr., 147–148, 153

Scott & Fetzer Company, 44

Seagram Company, Ltd., 99

Security Analysis(Graham and Dodd ),

12, 166

See’s Candy Shops, 24, 43

Selling decision, 173–174

Sequoia Fund, 2, 3, 169–171

Sharpe, Bill, 164

Shaw, Bob, 83

Shaw Industries, 45, 83–84

Shearson Lehman, 91

Simpson, Lou, 32, 167

Sisco, Joseph, 52–53

Smith, Adam, 26

Sokol, David, 154

Stanley H. Kaplan Educational Centers,

54

Stock options, 103–104

Superinvestors of Buffettville, 167,

173

Tenets ( business/f inancial/

management/value), 59

Textile business, 29–30

Thaler, Richard, 183, 184 –185,

186

Theory of Investment Value, The

( Williams), 20

Tips, when doing research, 108

Tony Lama, 73

Turner, Mellisa, 77

Underwriting philosophy, 38–39

Unions, 116–117

USAir, 152

US West, 148

Va l u e :

determining, 122–123

Value tenets, 59, 121–139