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I write financial newsletters for a living. I'm constantly being asked by my publisher's book subisidary to submit ideas for an investment title. I've bought every investment book with the name Buffett in the title. I've read most of them, although I've finished few of them. The best ones are The Warren Buffett Way, by Hagstrom, The Buffettology books, and Greenwald, et al's Value Investing: From Graham to Buffett and Beyond. Becoming Rich, is half a notch below these, but this is the book I wish I'd written, not any of those other three.
The best thing about Becoming Rich is that Tier, a veteran newsletter writer, always SHOWS you. He never merely tells you what his point is. This book has page after page of anecdotes and examples, including material I don't remember reading elsewhere about Buffett. For example, there's a great couple of paragraphs explaining what happened to Coke before Goizueta took over, and how Goizueta dug into the business, sold of all the... read more
I don't agree with absolutely everything that Mark Tier writes in this book - but the points I disagree on at least get me to think. I think there are more differences between Soros and Buffett than Tier would like. Some of the rules are relatively but not absolutely true - for example the don't diversify rule is relative. Buffett is in fact very diversified today across investments and operating businesses as a result of the pure size of Berkshire though insurance remains the primary business. Soros always diversified across individual stock investments but would take large futures positions. But the insights in the book far outweigh any of my criticisms. For the guy who says the book is worthless - the book is not very useful to someone with no experience in trading and investing. You need to come to this book with a lot of experience and maybe limited success and it will open your eyes. Having previously read biographies of Soros and Buffett and their own writings will help put... read more
In 1969, as a youthful 23 year old I invested in Australian mineral stocks which were then running hot. Poseidon was the leader and others were in hot pursuit. 6 weeks later the market came crashing down and I virtualy lost my entire investment. For the next 36 years I never bought another stock.
Mark Tier's book has changed all that. In a little over 200 pages of well written and thoroughly reasoned text he has provided a succinct analysis of the strategies behind such successful investors as Warren Buffet and George Soros. He has converted me back to equities, and given me the encouragement to invest again. My only regret is that the book wasn't available 20 years ago.
I'd thoroughly recommend this book to anyone wanting to adopt a relatively cautious but nevertheless winning strategy for investing in the stock market. Thanks Mark, it's never too late to start over. Warren Buffet, here I come!
| AVAILABILITY | |||
| Merchant | Format | Price | |
| Amazon US | Paperback | $4.92 - $24.95 | |
| BookByte | Paperback | $18.71 | |

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