The Strategy That Made A Billionaire: What Stock to Buy and When to Buy It - Softcover

Inhaltsangabe

Warren Buffett outperforms; most professionals underperform. What makes Buffett different?

The Strategy That Made A Billionaire provides ironic examples of how most investors don't understand that "stocks are pieces of businesses." In fact, it argues that the main reason most investors underperform is that they don't understand that "stocks are pieces of businesses." Then, it provides a framework for making investment decisions that will allow you to think of "stocks as pieces of businesses."

In addition, the book breaks down how to read a cash flow statement. After all, if you don't know how cash is flowing in and out of a business, do you really think you understand how it is making money? If you don't understand how the company is making money, do you really think you can make money in its stock?

You Will Learn:

• How the idea that "Stocks are Pieces of Businesses" made Warren Buffett into a billionaire.
• How the idea that "A Basket Breaks After Too Many Eggs" has allowed him to outperform over 90% of investors.
• How Buffett's idea of "circle of competence" allows him to avoid losing stocks far more often than Wall Street professionals.
• How Ben Graham's idea of "Margin of Safety" can tell you exactly when to sell a stock.
• Why the advice given by many "professional" Wall Street analysts is simply flat-out wrong.
• Plus many more ideas

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