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"By periodically investing in an index fund," Buffett says in his inimitable style, "the know-nothing investor can actually outperform most investment professionals."2
Robert G. Hagstrom • The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy
He is both well liked and very intelligent. He is also very rich. I consider his annual “Chairman’s Letter” (in the Berkshire annual report) to be indispensable reading for anyone wanting to do well in business.
Rabbi Daniel Lapin • Thou Shall Prosper: Ten Commandments for Making Money
Financial Advisor
Anthony Fiedler • 3 cards
Insurance companies offer standardized policies which can be copied by anyone. Their only products are promises. It is not difficult to be licensed, and rates are an open book. There are no important advantages from trademarks, patents, location, corporate longevity, raw material sources, etc., and very little consumer differentiation to produce in
... See moreWarren Buffett • Berkshire Hathaway Letters to Shareholders, 2018
Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child. As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Riley
@riley