You know that Buffett buys stocks based on a "margin of safety" concept, buys only a handful of stocks (focused portfolio) of companies that are simple and easy to understand, and buys for the long term. You won't learn much else reading this book.
This book talks more about the history of the companies that Buffett bought more than what led Buffet to buy the company. For example, we learn who founded the company and when, and how the company grew over the years, along with it's yearly ROE. We learn that Buffett bought Gillette after the company had been lackluster for years, then, for some unexplained reason, suddenly started growing and saw it's share price go up dramatically. We do not know what led Buffett to believe there was value in Gillette or why it was worthy of investment at that point in time.
Reading this book is sort of like reading a book about a master chess player describing certain moves he made during a tournament he won, without getting inside his head on what he was thinking or why he made certain moves.
For this reason, this book is of limited value. It doesn't explain how to evaluate a company, or how Buffett himself evaluates them. Period.
You're better off reading books by Graham, Fisher, and Peter Lynch, as they can explain exactly why they bought a certain stock or how to evaluate companies in their books.
Get more detail about The Warren Buffett Way, Second Edition.
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