What’s in it for me? Warren Buffett’s investment advice, in his own words.
Have you ever thought, “You know, life is pretty good except I have all this extra money lying around”? Probably not. If there’s one thing people have in common, it’s that we want to have the maximum amount of money with the minimum amount of effort. And people like Warren Buffett, currently the fourth-richest person in the world, have made getting rich on the stock market look easy. The general idea certainly seems simple enough: buy low and sell high.
But unsurprisingly, getting rich off the stock market isn’t as easy as it looks. Luckily, Buffett has left us some clues. When he founded Buffett Partnership, Ltd. in 1956, he began writing reports to his partner. He would give insight into his views on the market, predictions for the future, and his investment ethos. Playing the market still isn’t easy. But Buffett’s wisdom, compiled in 14 years worth of his accessible and humorously written letters, is all you need to start a career in the stocks. And who knows – if you’re lucky, and more importantly, consistent, you might even get rich.
In this book, you’ll learn
- why buying the Mona Lisa wasn’t a good financial decision for France;
- how Warren Buffett did his first arbitrage deal without even knowing it; and
- why patience is the virtue that matters most for every kind of investor.