Warren Buffett is arguably the world’s greatest investor. His
Berkshire Hathaway stock, issued at $450 per share, is now trading
at an all time high of $94,000+!
Buffett has his own unique investing style: he doesn’t buy what
he doesn’t know, he does not time the market, and he never listens
to analysts or looks at stock charts. He does not care if the
market is going up or down. He advises people who can’t stomach a
crash not to invest in stocks. His holding period is
”forever.”
He is, in short, the single best investor for other investors to
emulate. And his methods work for both the novice investor as well
as the more seasoned veteran.
Here is some of the recommendations in the book:
·Read Benjamin Graham, but never read anything with Greek
symbols
·Don’t listen to analysts
·Be fearful when others are greedy and greedy when others are
fearful
·Focus on not losing money rather than making it
·Why predicting market direction is NOT the key to long term
success
·Don’t own any stock for 10 minutes you wouldn’t own for ten
years