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Author Topic: What made the Warren Buffet to be the most successful investor on this planet?  (Read 74 times)
Findingnemo
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August 30, 2018, 07:44:52 AM
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We all knows that who is Warren Buffet and how his life was in early stages but what is the unique thing he did while comparing the other investors? The hard works pays off or his luck made him into the most richest person?

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August 30, 2018, 07:50:45 AM
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Buffet said that he was interested in investments because of reading The Intelligent Investor by Benjamin Graham.

That's what he says:
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline.

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August 30, 2018, 10:47:48 AM
 #3

Ofcourse it is the hardwork!
Buffet said that he was interested in investments because of reading The Intelligent Investor by Benjamin Graham.
If you are really willing to do a certain thing, you will gibe your best to acheive it. So the courage that Buffet have made him a successfull investor.

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August 30, 2018, 10:58:52 AM
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Warren Buffet is one of the biggest investors in the world. According to Inc.com, he took advantage of the 8th wonder of the world which is simply Compound Interest.

Buffet invest heavily and also re-invest his profit and he has been doing that consistently for more than 50years. His grit, determination and an intense ability to scale are second to none
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August 30, 2018, 11:18:39 AM
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I think his success came from investing in people, having defined spending limits & good saving habits.

He once said the best way to save would be to "save first & spend later". I've been using his ideas for a few years now and it has been working fine for me. Smiley
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August 30, 2018, 12:21:05 PM
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The difficulty of Buffett’s investment is not stock picking, but waiting. Since the stocks he chooses are stable long-term performance stocks, so I can't see anything in a year or two. It's all in 10 years, and the growth is not bad. Most people can't do this patience.

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August 30, 2018, 05:07:04 PM
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I think his success came from investing in people, having defined spending limits & good saving habits.

He once said the best way to save would be to "save first & spend later". I've been using his ideas for a few years now and it has been working fine for me. Smiley
Yes saving is important thing to make happy life,but he had some special skills? which is not present with other millionaires is that he won't show off much which is considerable thing for an investors?!
I read that he just lived his life in the old house which he bout it for $31500 at his early life but he never go to big house even after he own lots of money.

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August 30, 2018, 05:12:44 PM
 #8

Buffet said that he was interested in investments because of reading The Intelligent Investor by Benjamin Graham.
That's the first thing I thought, too.

I would advise OP to read his biography, and there are at least two books that I know of, The Snowball and Buffett.  I've read both, and they're pretty good.

The main thing with Buffett is that he is absolutely obsessed with making money and reading annual reports.  He is single-minded in his drive to find undervalued stocks and he does it very well.  Basically, he's a value investor who uses fundamental analysis to buy cheap stocks (or private businesses).  What sets him apart from everyone else is that he does his homework, doesn't often sell stocks, and doesn't let emotion guide his trading.  There's a lot of stuff I could write, but the authors of his biographies lay it all out pretty well.

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August 30, 2018, 05:22:29 PM
 #9

Buffet said that he was interested in investments because of reading The Intelligent Investor by Benjamin Graham.

That's what he says:
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline.

Yes, Warren never chased his dreams based on the emotions or made his decisions like that. He always made the goals with perfect plans, then he used to execute it. This is the simplest way of getting success in any investment you make always. Also, he never stopped investing the money in single business and he always kept trying different ways all the time and thats why he got more successful. I guess if we also follow the same thing then we can be successful too. The patience, different or multiple ways of investing and also keeping your emotions away would make things better for us.

   

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August 30, 2018, 05:25:09 PM
 #10

Buffet said that he was interested in investments because of reading The Intelligent Investor by Benjamin Graham.
That's the first thing I thought, too.

I would advise OP to read his biography, and there are at least two books that I know of, The Snowball and Buffett.  I've read both, and they're pretty good.

The main thing with Buffett is that he is absolutely obsessed with making money and reading annual reports.  He is single-minded in his drive to find undervalued stocks and he does it very well.  Basically, he's a value investor who uses fundamental analysis to buy cheap stocks (or private businesses).  What sets him apart from everyone else is that he does his homework, doesn't often sell stocks, and doesn't let emotion guide his trading.  There's a lot of stuff I could write, but the authors of his biographies lay it all out pretty well.

An under emphasized point is that Warren Buffet is a net buyer of stocks. He doesn't sell very often compared to how often he buys. The stock market has a tendency to go up over time, and has created enormous wealth. Warren Buffet may be the most recognizable beneficiary of this effect, but he isn't near the only one. Buffet's attributes are that he's a smart value investor and is rather well-known for removing emotions from the investing equation. On top of that, you need patience. The type of wealth he has built has taken decades, and it has compounded on itself. Over very long periods of time, he has allowed the market to realize and prove the investment theses he's put into practice, and that's what has created the wealth you see today.
Findingnemo
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August 31, 2018, 07:09:17 AM
 #11

Buffet said that he was interested in investments because of reading The Intelligent Investor by Benjamin Graham.

That's what he says:
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline.

Yes, Warren never chased his dreams based on the emotions or made his decisions like that. He always made the goals with perfect plans, then he used to execute it. This is the simplest way of getting success in any investment you make always. Also, he never stopped investing the money in single business and he always kept trying different ways all the time and thats why he got more successful. I guess if we also follow the same thing then we can be successful too. The patience, different or multiple ways of investing and also keeping your emotions away would make things better for us.
Yes,I read that he was very eager to earn money even from his childhood so that is one of the important thing to make money.There is slight difference between the greed and the eager to earn money,the greedy people want to earn money easily but the one who is very eager to earn money they will keep doing works to make money so that is one thing made him more successful I think.

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August 31, 2018, 10:40:30 AM
 #12

Yes saving is important thing to make happy life,but he had some special skills? which is not present with other millionaires is that he won't show off much which is considerable thing for an investors?!
I read that he just lived his life in the old house which he bout it for $31500 at his early life but he never go to big house even after he own lots of money.
Yes, limiting your spending aka not "showing off" is very important. A lot of the money some millionaires spend is just to show off, not because they actually need those goods/services.

Regarding where Warren Buffet is living, that's a bit off. He has always lived in Omaha, in the city where his first factory was located, but he owns a large home that he purchased in the 1960s.
Here's an image of it: https://www.forbes.com/pictures/mmk45fgld/warren-buffett-house-omaha-nebraska/#74b13dae277e

The rest of the properties he owns are "vacation homes".
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August 31, 2018, 12:24:50 PM
 #13

We all knows that who is Warren Buffet and how his life was in early stages but what is the unique thing he did while comparing the other investors? The hard works pays off or his luck made him into the most richest person?
I would say that his business plan of buying stocks when everyone is selling in panic and selling his stocks or assets when everyone is buying in FOMO has brought him success.This plan was actually totally opposite to what majority of investors think and it has made him rich.

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Findingnemo
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August 31, 2018, 01:38:01 PM
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Yes saving is important thing to make happy life,but he had some special skills? which is not present with other millionaires is that he won't show off much which is considerable thing for an investors?!
I read that he just lived his life in the old house which he bout it for $31500 at his early life but he never go to big house even after he own lots of money.
Yes, limiting your spending aka not "showing off" is very important. A lot of the money some millionaires spend is just to show off, not because they actually need those goods/services.

Regarding where Warren Buffet is living, that's a bit off. He has always lived in Omaha, in the city where his first factory was located, but he owns a large home that he purchased in the 1960s.
Here's an image of it: https://www.forbes.com/pictures/mmk45fgld/warren-buffett-house-omaha-nebraska/#74b13dae277e

The rest of the properties he owns are "vacation homes".
I am also researching more about the Warren Buffet for the last couple of days and I saw the same pictures on the Youtube videos,it is a large home though but if he wanted to buy a house with most recent technologies at present then he may spend some millions for it but he didn't do it and last he gave his 85% his total earnings to charity,but can't imagine to do this kind of things by myself. Cheesy

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August 31, 2018, 03:28:09 PM
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We all knows that who is Warren Buffet and how his life was in early stages but what is the unique thing he did while comparing the other investors? The hard works pays off or his luck made him into the most richest person?

Contrarian thinking, good nose for business, persistance and hodling. He is not a day trader but value investor. He likes fundamental analysis.
You can read intelligent investor by graham, that was his mentor

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