Outlook Money
Warren Buffett believes that investing in a company with a competitive edge at a fair price is more fruitful in the long run than investing in a company with a lower chance of excelling.
Warren Buffett advocates keeping large amounts of cash to capitalise on low-priced opportunities.
Warren Buffett emphasises that investing involves managing emotions. One should be greedy when others are fearful and fearful when others are greedy.
Buffett compared investing to a “no-strike game”, where investors can wait for their pitch, which means they don’t need to invest until they find the right opportunity.
His success is based on ideas like buying cheap assets, concentrating on long-term potential, and being patient.
Compiled By Himani Verma