Here are the investing lessons for common investors from Buffett’s Annual Letters.
My Notes – Buffett’s Best Investment
Of all the investments he ever made, buying Ben Graham’s book “The Intelligent Investor” was the best.
Buffett said, the key points were laid out in Chapters 8 and 20. These points guide his investing decisions today.
Chapter 8 talks about Market Fluctuations
– Widely fluctuating stock prices would give you an enormous advantage to buy a wonderful business at a fair price
Chapter 20 talks about Margin of Safety
– How to value a business?
– What’s the right price to buy?
– From 2014 Buffett’s Annual Letter
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