The New Buffettology Pdf ^new^ [TRENDING | 2024]

However, read it with a 2025 lens. Use the math from the PDF, but apply it to companies with digital moats (Google, Microsoft) that didn't exist when the book was written.

If you are looking at a condensed PDF summary of The New Buffettology , here are the three golden nuggets you should look for: the new buffettology pdf

The PDF argues that Buffett avoids commodities (oil, steel, grain) because you cannot raise prices without losing customers. Instead, he seeks consumer monopolies (Coca-Cola, See’s Candies). In the new economy, this translates to companies with high switching costs (like Apple or Adobe). However, read it with a 2025 lens

According to The New Buffettology : Probably not. The PDF emphasizes "predictability." Buffett needs to know what a company will earn in 10 years. AI and biotech are too uncertain. Therefore, the book argues that most "New Economy" stocks are investments, not Buffett-style value plays. The PDF emphasizes "predictability

However, beware of free PDFs floating on random sites. Many are scanned copies from 2002 that miss the updated commentary on tech stocks. More importantly, if the PDF doesn't include the sections on inflation protection (which is hugely relevant right now), you are reading an outdated draft.

This is the most actionable part of the PDF. Buffett looks for companies that historically earn a 15%+ return on equity (ROE). The "New" part teaches you how to project future earnings based on retained earnings. The PDF cheat sheets usually include the formula: Future Value = (Current Earnings) x (1 + Retained Earnings Yield) ^ Years