Good post here from Market Folly on some lessons from Warren Buffett and Charlie Munger. The lessons don’t include Buffett’s main two lessons (don’t lose money & don’t lose money), but contains some other good insights:
1. Carefully watch what other investors are doing
2. “Look at the cannibals” – look at businesses buying back huge amounts of stock
3. Carefully study spin-offs
1. Avoid leverage
2. Be patient
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