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Warren Buffett

Warren Edward Buffett is an American businessman and investor. He is called "Oracle of Omaha".

He made his first stock market deal at the age of 11. Buffett invests via Berkshire Hathaway company. Buffett owns 38% of Berkshire Hathaway. In 2009 Buffett had wealth of 37 billion dollars, and he was the third richiest man in the world. Buffett is also known for his frugal living style. He still lives in Omaha´s suburbs in a modest house, which he bought in 1957. In his book Lessons from the legends of Wall Street Nicki Ross lists the fundaments of Buffett´s succe in the following way:

1. Make an investing plan and follow it.

2. Investigate, where the company gets it´s turnover and profit.

3. Know the company´s products and services, it´s position on the market and how it positions itself regards to concurrents.

4. Know the company´s leadership.

5. When you find a good shopping chance, don´t let stock market or economy to mix your head.

6. If you don´t find a good shopping chance, wait bravely for a better chance.

7. Define what you know and what you don´t know and keep yourself in what you know.

8. Invest only on good companies.

9. Avoid companies with much debt.

10. The company must make profit constantly over a lengthy period of time.

11. The intrinsic value of the company must be at least 25% higher than it´s market value.

Buffet´s citats:

1. If a business does well, the stock eventually follows.

2. In the business world, the rearview mirror is always clearer than the windshield.

3. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

4. I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

5. It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

6. Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

7. Our favorite holding period is forever.

8. Price is what you pay. Value is what you get.

9. Time is the friend of the wonderful company, the enemy of the mediocre.

10. You only have to do a very few things right in your life so long as you don't do too many things wrong.

  • Warren Buffett
  • Warren Buffett
  • Warren Buffett
  • Warren Buffett ja Bill Gates

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