Warren Buffett: The Life, Lessons & Rules For Success
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Warren Edward Buffet is a legendary investor and one of the most respected businessmen in the world. He is the chairman, CEO and the largest shareholder of Berkshire Hathaway.
Among investing legends, Buffett has had the longest track record for beating the market. Berkshire Hathaway's stock price increased by a mind-blowing 1,000,000% between December 1964 and December 2015. The S&P 500, on the other hand, increased by "only" about 2,300% over that time. While the Efficient Market Hypothesis states that in the long term, no investor should be able to beat the market, Buffett has beaten the market in a remarkable way.
So what is his secret for being so successful at picking the right stocks? This book will reveal 41 fascinating facts about his life and investing philosophy. Each fact comes with a lesson that the readers can take away On How To Get Rich, Become Successful & Dominate Your Personal Finance From The Greatest Value Investor Of All.
Introduction
Fact #1: Buffett’s net worth was $53,000 when he was 16
Fact #2: His dad forced him to attend college
Fact #3: Buffet is a supporter of ‘Do what you love’
Fact #4: Buffett was rejected at the Harvard Business School
Fact #5: Buffett spends 80% of his time reading at the office
Fact #6: Buffett has lived in the same house for nearly 60 years
Fact #7: Buffett’s best investment was his health
Fact #8: Buffett’s worst investment was Berkshire Hathaway
Fact #9: Buffett doesn’t like technology
Fact #10: It cost millions of dollars to eat lunch with Buffett
Fact #11: Buffett called on the Government to increase the tax rate on the rich
Fact #12: Buffet helped create The Giving Pledge
Fact #13: Warren Buffett is wealthier than the country with highest GDP per capita in the world
Fact #14: Buffet’s investing strategy is quite “simpleâ€
Fact #15: Buffett sticks to his core competency
Fact #16: Invest for the long term
Fact #17: 99% of Buffett’s wealth was made after his 50th birthday
Fact #18: Buffett never attempts to predict the market
Fact #19: Buffett’s initial investing strategy was the Cigar-butt strategy
Fact #20: Buffett writes down his reasons for buying stocks
Fact #21: Stocks represent a real business to Buffett
Fact #22: Buffett likes to buy stocks at a discount
Fact #23: Buffett is extremely patience
Fact #24: Buffett avoids investing in commodities
Fact #25: Buffett likes to invest in companies with a large economic moat
Fact #26: Buffett loves the insurance business
Fact #27: Buffett doesn’t like debt
Fact #28: Berkshire has 71 billion dollars in cash
Fact #29: Buffett exercises a ‘Chilled out’ style of management
Fact #30: Buffet does not believe in diversification
Fact #31: Buffet does not invest in penny stocks
Fact #32: Buffet thinks gold is useless
Fact #33: Buffett believes that derivatives can be weapons of mass destruction
Fact #34: Buffett is disciplined about his investing philosophy
Fact #35: Directors at Berkshire get paid only a token fee.
Fact #36: Buffett over paid more than $5 billion to acquire Dexter Shoe
Fact #37: Berkshire does not pay dividends
Fact #38: Buffett likes investing in index funds
Fact #39: Buffett does not panic when his stocks fall
Fact #40: Buffett believes anyone can be a great investor!!
Fact #41: Buffett is losing his magic
Bonus- Fun Fact about Berkshire Hathway
Conclusion
Warren Buffett’s famous quotes and advicesÂ
Country | USA |
Brand | CREATESPACE |
Manufacturer | CreateSpace Independent Publishing Platform |
Binding | Paperback |
UnitCount | 1 |
EANs | 9781537187747 |
ReleaseDate | 0000-00-00 |