Warren Buffett

[bizfun]

Warren Buffett's investing approaches: -

"Rule No. 1: Never lose money."
"Rule No. 2: Never forget Rule No. 1." - Warren Buffett

"You try to be greedy when others are fearful, and you try to be very fearful when others are greedy . . . occasionally successful investing requires inactivity." - Warren Buffett

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." - Warren Buffett

"In the short run, the stock market is a voting machine; in the long run, the stock market is a weighing machine." - Warren Buffett's mentor, Benjamin Graham

[bizfun]

INTROVERT - Warren Buffet, acknowledged from time to time as the world's greatest investor, is selected by a leading personality temperament expert, the Keirsey Temperament Theory as an introvert. In his own words, look at some of Warren Buffet's characteristic behavior which has helped him to succeed in business by being more of who he is, an Introvert ... rather than by trying to be something he is not (extroverted). Introverts can be very successful. Become conscious of your gifts as an introvert and you'll do just fine.

1. Risk can be greatly reduced by concentrating on only a few holdings.
Concentration is one of the greatest gifts of the Introvert

2. You are neither right nor wrong because the crowd disagrees with you.
Introverts have no trouble going their own way. They don't suffer if they aren't going with the crowd. They hardly even know the crowd exists and they certainly don't care what it is doing.

3. You are right because your data and reasoning are right.
Man of few words, like most Introverts. Buffet looks within for confirmation, not with-out. He has the classic integrity of an Introvert.

4. As far as you are concerned, the stock market does not exist. Ignore it.
Only an Introvert could make a statement like this!

5. Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
Could that be because 70% of them are Extroverts? Introverts can readily maintain what the Buddhists call nonaction. [30% of the general population is introverted; 70% extroverted.]

6. It is more important to say no to an opportunity, than to say yes.
Only an Introvert could make a statement like that!

7. It is not necessary to do extraordinary things to get extraordinary results.
Introverts understand energy and the unseen forces because they process the outer world internally. Where energy is concerned, it is when and where you do very little that matters most. This is like diamond cutting, when it was done by hand. Concentrate a great deal of energy, direct it at a point, wait for the precise right moment and hit! To comprehend force and energy and to act upon it takes focus, concentration and the self discipline for long periods of inactivity while actively waiting for the right moment. These are things at which Introverts excel.

8. Wide diversification is only required when investors do not understand what they are doing.
Focus, concentration and expertise are the natural talents of the introvert.

9. If a graduating MBA were to ask me --How do I get rich in a hurry?-- I would not respond with quotations from Benjamin Franklin or Horatio Alger, but would, instead, hold my nose with one hand and point with the other toward Wall Street.
Introverts speak little, speak plainly, and in this case, speak not at all. He just holds his nose and points.

10. I want to explain my mistakes. This means I do only the things I completely understand.
Integrity!

[bizfun]

Warren Buffett trading approaches in mind-mapping format, for reference:-

[adezeno]

where did you get the mind map?

[bizfun]

I read and create it for personal reference.

[Candlesticker]

for those who are in value investing and admire Warren Buffett. Here's a link to the Investing Bible. http://finance.sina.com.cn/nz/bftstory
chinese one la, don know where to get english one.

[bizfun]

Thanks to Michael Wong who posted me this short note!

There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:

1. He bought his first share at age 11 and he now regrets that he started too late!

2. He bought a small farm at age 14 with savings from delivering newspapers.

3. He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

4. He drives his own car everywhere and does not have a driver or security people around him.

5. He never travels by private jet, although he owns the world's largest private jet company.

6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules.

Rule number 1: do not lose any of your share holder's money.
Rule number 2: Do not forget rule number 1.

7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.

8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.

His advice to young people: "Stay away from credit cards and invest in yourself and

Remember:

 A. Money doesn't create man but it is the man who created money.
 B. Live your life as simple as you are.
 C. Don't do what others say, just listen them, but do what you feel good.
 D. Don't go on brand name; just wear those things in which u feel comfortable.
 E. Don't waste your money on unnecessary things; just spend on them who really in need rather.
 F. After all it's your life then why give chance to others to rule our life."