Graham, Buffett and Me

by Mithilesh

Title : A  buffettology  book review
Description : A  13 year old’s take on Buffetology , The new religion of billionaires.

A  13 year old’s take on Buffetology , The new religion of Aryaman Dalmia
They say great things come in small packages, and picking up this book as a novice investor is one such package. Aryaman Dalmia is an interesting young lad, especially since he has taken up an endeavour as big as assimilating Buffett’s billion-minting philosophy. It is an ambitious project which succeeds in some aspects, while fails in others. If you are a veteran Buffettologist, then this book is a quick miss. The work is a consolidation of a wide array of work which has already been published, and more succinctly at that. If, however, you are a tenderfoot only about to develop an investment philosophy, then this is a quick grab. Described in easy to understand language, the book explains and applies unforgettable concepts like the margin of safety and various tenets of value investing in an Indian context.

Graham, Buffett and Me
Graham, Buffet & Me

Value investing as a philosophy appeals to the savings-oriented Indian society, and getting the basics right is the aim of this book. From saving in piggy banks to selling our  card collection, we, even as children think about investments and returns , though we don’t know the terminology .This book is an attempt to bring that terminology and thought process to young readers Priced at Rs. 249, the book is overpriced for the sophisticated investor, but a goldmine for amateurs. Clearly planned from the outset, “Graham, Buffett and Me” is a clever study of human emotions and fallacies. Indeed, it reminds one of Buffett’s aphorism, “Human beings are not rational, but rationalising!”
Aryaman states in the foreword that he hasn’t read the Buffett bible “Security Analysis” and Graham’s “Intelligent Investor”for more than a few chapters. The two books are studied over a lifetime by even veteran investors, so such admittance should not nullify the efforts. Any further analysis by the skeptic investor is not with warrant. Yet, the author, just a 13-year-old, is obviously one to look out for in the future. If the past is any determinant, the author will be an important voice in a financially noisy world where tips are dime a dozen. His next book should show greater maturity and execute a self-developed thought process, if only influenced by the school of Buffett-Graham. This seems obvious, since Buffett himself moved away from Grahamian philosophy to that of Phillip Fisher. In all, this book is an apt gift for financially savvy parents who want to make their children financially well-educated. A good book to make kids look for investment opportunities that Warren buffet looked around for when he was kid.
Blessed by the likes of Sanjay Bakshi and Deepak Parekh, the young gun is all set to claim his place on the investing pyramid. Although the book looks a bit like rehashed version of the “Buffettology by Susie Buffett”, it sheds some light on how long term investment goals can be met with careful discipline and self-knowledge. There are many things to learn from this book, including leading a good life and becoming savvy in business.

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