Posted by calvintaneng > 2017-08-27 01:18 | Report Abuse

BUFFET MET PHIL FISHER WHO TAUGHT HIM ABOUT SCUTTLEBUTTING. THAT WAS THE DIFFERENCE BETWEEN FISHER AND BEN GRAHAM OR WALTER SCHLOSS.

SO WARREN GOT ONE STEP HIGHER.

WARREN INVESTED FOR DECADES JUST LIKE FISHER INVESTED INTO MOTOROLLA FOR DECADES. AND THE MOST SPECTACULAR GAINS WAS AT LATER STAGES FOR BUFFET. SO COMPOUNDING GAINS DO WONDERS.

WHEN BUFFET WAS RIGHT HE HAMMERS IT. HE SHOOTS WITH ELEPHANT GUNS RATHER THAN PEA GUNS.

SO IT BOILS DOWN TO THESE POINTS

1. THOROUGH RESEARCH.
SUCCESS IS 99% PERSPIRATION AND ONLY 1% INSPIRATION. IT TAKES PAINSTAKING HARD WORK TO FIND VALUE.

2. INVEST LONG TERM TILL VALUE EMERGE IN ALL ITS FULLNESS.

3. ONCE YOU HAVE FOUND THE RIGHT INVESTMENT AND IS VERY SURE ABOUT IT JUST INVEST BIG BIG.

HARDWORK, PATIENCE AND SERIOUS COMMITMENT ARE THE HALLMARKS OF BUFFET'S SUCCESS.

Posted by Unicorn > 2017-08-27 18:06 | Report Abuse

Warren Buffett is not a materialistic person that's why he has the patience to just sit there and wait the stocks rise and reinvest the money without extravagant spending.

From my experience, to be a superinvestor you better just sit there and do nothin'. Of course keep on updating yourself with market news.