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Warren Buffett

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					Warren Buffett
Warren Buffett
?Buffett's investment "gold" Law
* Use of the market's silly, for a regular investment.

* The purchase price paid and the rate decision, even long-term investment as well.

* The composite profit growth and transaction costs, tax avoidance endless benefits to
investors.

Do not care how much a company earns the coming year, as long as the care of their
next 5 to 10 years earn much.

* Investing in the future only companies with high earnings uncertainty.

* Inflation is the biggest enemy of investors.

* Value and growth-oriented investment philosophy remains the same. Value of an
investment the discounted value of future cash flows; and growth is only used to
determine the value of the forecasting process.

* Investors, financial success and his investment company is proportional to the level
of understanding.

* "Margin of safety" in two ways to help your investment. The
first is the risk of buffer possible price; followed by the availability of relatively high
return on equity.

* Have a stock, looking forward to it next week on the rise, it is very foolish.

* Even if the Fed chairman quietly told me the next two years of monetary policy,
whom I would not change any of my investment as a.

* Ignore the stock market's ups and downs, do not worry about the
economic situation changes, do not believe any forecast, do not accept any inside
information, only two points: A. what to buy stocks; B. purchase price.

[1] investment legend Warren Buffett

Text by the Luo Jieluo Buffett biography written by Stan, is the world's
richest man Bill Gates, the first chapter in an essay. Gates wrote: "His
jokes amusing, and his diet - a lot of hamburgers and cola - fantastic. In short, I am a
Buffett fan." Gates, Buffett really is a fans, he firmly remember
Buffett's investment theory: buy the stock at the lowest price, then be
patient. Do not count on big business, if the price is low, even medium business can
be lucrative.
[Edit this paragraph] 5 +12 +8 +2 Buffett law
Pakistan Approaches can be broadly summarized as five investment logic, 12
investment points, eight stock selection criteria and two investment.

5 Investment Logic

1. Because I regard myself as a business operator, so I become a good investor;
because I regard myself as investors, so I become a good entrepreneur.

2. Good business is more important than a good price.

3. A lifetime pursuit of consumer monopoly.

4. The final decision is that the company shares the real value.

5. There is no time for companies to sell the best.

12 investment points

1. Use of the market's silly, for a regular investment.

2. The purchase price paid and the rate decision, even long-term investment as well.

3. Profit compound growth and the avoidance of transaction costs and tax benefits to
investors infinite.

4. Do not care how much a company earns the coming year, only interested in the
next 5 to 10 years earn much.

5. Only to investment companies with high future earnings uncertainty.

6. Inflation is the biggest enemy of investors.

7. Value and growth-oriented investment philosophy is shared; value of an investment
is the discounted value of future cash flows; and growth is only used to determine the
value of the forecasting process.

8. Investors, financial success and his investment company is proportional to the level
of understanding.

9. "Margin of safety" in two ways to help your investment: first,
a buffer may be the price risk; followed by the availability of relatively high return on
equity.

10. Owns a stock, looking forward to it next week on the rise, it is very foolish.

11. Even if the Fed chairman quietly told me the next two years of monetary policy, I
would not change any one of my.

12. Ignore the stock market's ups and downs, do not worry about the
economic situation changes, do not believe any forecast, do not accept any inside
information, only two points: A. what to buy stocks; B. purchase price.

8 investment criteria

1. Must be a consumer monopoly.

2. Products simple and easy to understand prospects.

3. A stable operating history.

4. Operators rational, loyal, always with the interests of shareholders first.

5. The financial stability of key.

6. Operational efficiency, good returns.

7. Less capital expenditures, free cash flow sufficient.

8. Price.

2 investment

1. Card punching, life holds, one every year the following figures: A. The initial
interest rate of return; B. operating margin; C. debt levels; D. capital expenditures; E.
cash flow.

2. When the market price of the stock held by an over-estimated, they may consider
short-term arbitrage.

In a sense, holding the card holes and life constitute the most unique Palestinian-style
methods section. Part of most people fascinated.
[Edit this section] Financial Law Buffett: "3 to 3 not to"
The following is called the essence of Buffett's investment philosophy of
"three to three not to" fiscal law:
To invest in the first place who always put the interests of corporate shareholders.
Buffett has always favored those operating sound, good faith, companies with high
dividend return, to the maximum to avoid volatility and to ensure the preservation and
value-added investment. For always want to use placements, and other ways to extract
additional business Yigai investors turned away sweat.

Monopoly-type industries to invest resources. Buffett's investment
constitutes a view from roads, bridges, coal, electricity and other resources,
monopoly-type enterprises account for a considerable share of these enterprises are
typically acquired by foreign investors into the market of choice, while unique in the
industry can ensure the efficiency advantages of the Ping Wen .

Easy to learn to invest, promising enterprise. Buffett think that any investment in
stocks must be well aware of their own, and is a good prospect of the industry
enterprises. Not familiar with an uncertain future even if they are right flowery
companies have the least interest.

Do not get greedy. 1969, Wall Street entered the stage of speculative madness of the
face with high stock market, Buffett is in the hands of the stock rose to 20% of the
time very calm all the whole cast.

Do not follow suit. In 2000, the world's stock market so-called
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