FWIW, all of this is how Buffett invests now but of course, most of us don't have a $1bn a month in cash flow to invest.
Buffett DID NOT get rich following the six rules you cite.
He got rich buying crappy companies with weak earnings that had assets he could repurpose and which were cheap to acquire because the business was performing so badly. Unlike the retial investors you are writing for, Buffett invested in businesses where he could get control of those assets and the future investments they would make. He was also really good at picking executive management; many retail investors have never managed a paper bag, let alone supervised executives.
So, cut it with the "invest like Buffett and you too can be a great success" crap.
Latest Comments
Here Are 6 Rules For Investing Like Warren Buffett
FWIW, all of this is how Buffett invests now but of course, most of us don't have a $1bn a month in cash flow to invest.
Buffett DID NOT get rich following the six rules you cite.
He got rich buying crappy companies with weak earnings that had assets he could repurpose and which were cheap to acquire because the business was performing so badly. Unlike the retial investors you are writing for, Buffett invested in businesses where he could get control of those assets and the future investments they would make. He was also really good at picking executive management; many retail investors have never managed a paper bag, let alone supervised executives.
So, cut it with the "invest like Buffett and you too can be a great success" crap.