The Warren Buffett portfolio

This book introduces the concept of focus investing, a strategy that has historically outperformed the market.

Hagstrom explains how to build and manage a concentrated portfolio, similar to Warren Buffett's approach.

He demonstrates how to select a few outstanding companies with high probability of continued strong performance and how to allocate investment funds proportionately.

The book also delves into the intellectual framework for managing such a portfolio, including understanding price volatility, market psychology, and the importance of intellectual fortitude.

It serves as a companion to Hagstrom's earlier work, 'The Warren Buffett Way', by providing tools for organizing and managing a focus portfolio.