The principles Warren Buffett uses to select stocks are not difficult to understand. They follow basic common sense.
- Purchase companies where you can understand the business: the business model is simple and understandable
- Purchase companies within your circle of competence
- Purchase companies when your assessment of the companies current value is well below what you believe will be the future price of the company
- Purchase companies when you are sure you have an adequate investing margin of safety
- Purchase companies with the intent of never selling them
- Patience, not knowledge is one of the most important attributes of a successful investor
You can uncover the investing strategies of Warren Buffett and Benjamin Graham using the simple concepts in Rogue Investor
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