# 📈 The Warren Buffett Way (2nd Edition) — Robert G. Hagstrom Warren Buffett is widely regarded as the greatest investor of our time. In *The Warren Buffett Way*, Robert Hagstrom outlines the twelve investing tenets Buffett uses to identify undervalued companies with durable competitive moats. ### 💡 Core Tenets Covered: - **Business Tenets**: Understanding simple, understandable businesses with consistent operating history. - **Management Tenets**: Evaluating rational capital allocators and transparent reporting. - **Financial Tenets**: Focus on Return on Equity (ROE) over EPS, high profit margins, and owner earnings. - **Market Tenets**: Calculating intrinsic value and buying with a substantial margin of safety.