WARREN BUFFETT: THE ART OF INVESTING
Warren Edward Buffett is an American business magnate, investor, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world.
Warren Buffett made his first million by running a hedge fund. Then he switched to owning small banks. Then finally he shut down his hedge fund and put all his money into running an insurance company. An insurance company is a hedge fund that KEEPS the investors money and KEEPS 100% of the profits.
Known as the “Oracle of Omaha” for his investment prowess, Buffett has amassed a personal fortune in excess of $62 billion, making him top and powerful person on Forbes’ World’s Billionaires list in 2008.
Buffett follows the Benjamin Graham school of value investing. Value investors look for securities with prices that are unjustifiably low based on their intrinsic worth.
Investing Lessons of Warren Buffett
- Stockpicking isn’t a hobby. Everyone should be an investor.
- Invest unemotionally. It’s human nature to be emotional, and life is richer for it.
- Ignore modern financial theory.
- Invest in what you understand.
- Stock ownership is business ownership.
- Know what a good company looks like.
- Be cheap.
- Be patient.
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