Mini-Buffett

Many people apply Buffett's approach to small caps in Singapore with the hope of discovering the next See's candy or McDonalds. The problem with small caps is the failure rate is very high. A company growing at 20% and P/E ratio of 6....can sink very quickly when competitors come in or when raw material prices come it.

Also Buffett never wrote a book or identify his exact methods so people who profess to 'follow Buffetts' method' are merely following what some writers say are his methods. What his exact methods are is a mystery. Some people say look at ROE looking for businesses with a moat etc.

Learning from that Mary Buffett (Buffett's former daughter-in-law who retained the Buffett name after her divorce with Buffett son) video may be the furthest thing from Buffett's actual methods. What is important is not whether your are following Buffett's method or not but whether you know what you're are doing, the risk you're taking and how/when you discover you're wrong.

I doubt the $30 book at MPH can capture the genius of Buffett, it may have distilled is genius in to useless simplicity for the mass market....manufacturing countless people who think they are mini-Buffetts but actually they are fodder for big boys to eat up, chew and spit out.
If you want to follow Buffett, just buy BRK (Berkshire) which is run by Buffett! What better way to follow Buffett than to have him run your money...