AuthorZeb Pilcher |
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Week 75/15/2021 This week I continued reading The Art of Invest Lessons from History's Greatest Teachers by; John Longo. Chapter two talked about another legendary investor Warren Buffet. Warren buffet is one of the most successful investors of all time. His net worth is almost 110 billion. Warren Buffets investing philosophy is the best time period to own a stock is forever. Warren Buffer is a value investor who runs the company Berkshire Hathaway which is a holding company that specializes in investing. This is all the stocks that Berkshire Hathaway owns right now. Warren Buffett likes to invest in stocks that have very little competitors. These companies also need to be necessary such as automobiles, planes, food, social media, or technology. The 5 requirements of his investments are
1. Threat of new entrance in that field is harder for new company 2. The threat of substitutes is very limited 3. Bargaining power of the consumer is little to none 4. Bargaining power of suppliers to make the good or service is little to none 5. no rivalry or intense rivalry This type of investments are safer investments that have smaller amounts of risk and with smaller risk slower rewards. This method of investing is very viable for someone who wants to buy and forget about their investment for a long period of time. There will more than likely never be another success story quite like Buffet there still is success that can be had from these teachings and principles in investing. For these investments its better to start today than tomorrow and the longer. you hold them the better.
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