A few visitors have asked me to review Mary Buffett & David Clark's Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The World's Most Famous Investor. It had been years since I read it—eight, in fact. So, I had to take a day to revisit it (hence no post yesterday).

Buffettology was one of the first "Buffett" books I had read, and I loved it from the very first page. And who could argue the logic provided by someone who sat at the dinner table with Mr. Buffett for the better part of twelve years? I mean, of course, other than me...

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Phil Town's Rule #1 is a hot selling item. Its promise of 15 minutes a week of work, guaranteed profits, and no risk is a lofty goal. Like virtually all popular investing books, Rule #1 has inspired groups of followers on one side—people actually making money with the system—and clusters of haters on the other side.

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Back on August 4, 2007, I promised Michael that I would look at the Quicken site and revisit Robert Hagstrom's investment strategies outlined in The Warren Buffett Way. Then, I completely forgot to do so. Sorry Michael—better late than never, right?

If you are not familiar with Hagstrom, he is the portfolio manager of the Legg Mason Growth Trust mutual fund and author of several books: The Warren Buffett Way, The Essential Buffett, and The Warren Buffett Portfolio, among others. The Warren Buffett Way presents a myriad of strategies for valuing companies...and that is precisely this book's weakness.

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