Buffettology is a detailed analysis of how Warren Buffett commits capital to an investment from a business perspective only, the strategy that gives him the discipline to exploit the stock market's folly and how he selects companies that will generate extraordinarily reliable results. It answers the questions -- that for years seem to have eluded investment professionals and Buffettologists -- about how Warren Buffett turned $105,000 into $50 billion and became the world's most famous investor and stockpiler.The New Buffettology is designed to teach investors how to decipher and use financial information the way Buffett himself does, guiding investors through opportunity-rich bear markets, and walking them step-by-step through the equations and formulas Buffett uses to determine what to buy, what to sell -- and when. Mary Buffett and David Clark explore Buffett's investments in detail, proving time and again that his strategy has earned enormous profits at a time no one expects them to -- and with almost zero risk to his capital.