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
See the full post at Market Folly.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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