Warren Buffetts straightforward rules for long-term success.
One thousand dollars invested in Warren Buffetts Berkshire Hathaway stock in 1965 would be worth roughly $5 million today! This astonishing success didnt come through Buffetts use of high-tech computer trading models, or intricate market timing systems. Instead, it came through his stubborn adherence to the time-honored fundamentals of value investing. .
How Buffett Does It is a step-by-step guidebook for investing like Buffett in any market environment. This value investing primer presents and expands on 24 primary ideas Buffett has followed from day one that include: .
* Choose simplicity over complexity * Make your own investment decisions * Be patient * View stocks as businesses not pieces of paper * Practice inactivity, not hyperactivity * View downturns as buying opportunities * Practice independent thinking * Ignore stock market forecasts * Be fearful when other are greedy, and greedy when others are fearful * Avoid the costly mistakes of others .
Warren Buffett still lives in the house he bought three decades ago, still drives his comfortable Lincoln Town Car, and still holds to the sound and simple value investing style that helped him become one of the worlds wealthiest individuals. How Buffett Does It explains, in Buffetts words as well as those who know him best, what you can do to achieve Buffett-like results in your own portfolio..