Read of the day: 5 Lessons From Buffett & Munger

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:

Via Munger:

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

Via Buffett:

1. Avoid leverage
2. Be patient

See the full post at Market Folly.  

About Post Author

Cullen Roche

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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