Tuesday, July 31, 2007

A Legion of Disciples - Fund managers put their own spin on Buffett's strategy

Even though Warren Buffett has been influencing investors for decades, Legg Mason portfolio manager Robert Hagstrom had never heard of him until 1984 when he was 28 years old and training to be a stockbroker. Reading Berkshire Hathaway's annual reports "was one of those episodes in life where that which was mysterious became much clearer," says Hagstrom, who has since written several investing books, including The Warren Buffett Way. "What [Buffett] did was basically put flesh on stocks which previously to me were just ticker symbols and numbers."

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