Buffett Week! October 20, 2008Posted by shaferfinancial in Uncategorized.
Tags: analysts, brokers, Financial Planners, investing, Investing education, Investing pundits, Value Investing, Warren Buffett
This week we will talk about Warren Buffett and his thoughts on investing. Since he is the greatest stock investor ever, what he says should be important to all investors, no matter what you choose to invest in.
Warren always chooses simplicity over complexity. He insists you need to understand how the business makes its profit and if you can’t explain it in a few short sentences, then pass on to a company that is more easily understood. This goes along with his insistence that anyone can learn to be a great investor.
But first you need to turn off the noise emanating from Wall Street. Buffet suggests you ignore brokers, analysts and pundits (turn off that TV!). All those people and their investment noise, Buffett feels you can do better doing it yourself.
Here’s are suggestions from Shafer Financial.
1. Read Berkshire Hathaway’s annual reports. Start with 2007 and move back. By the time you have read 20 of them, you will have more knowledge that the majority of financial planners, stock brokers, TV pundits, etc.
2. Then read the owners manual for BRK stockholders.
3. Finally, read the financials for each company Warren Buffett owns and buys.
If you do these three things, you will have an excellent investment education to which proceed from.