Interesting that the review is by Roger Lowenstein:
https://en.m.wikipedia.org/wiki/Roger_Lowenstein
I just finished his book on Buffett, which I wish I’d read 20 years ago.
https://en.m.wikipedia.org/wiki/Roger_Lowenstein
I just finished his book on Buffett, which I wish I’d read 20 years ago.
Find today’s equivalent then hold for 20 years.
“Be fearful when others are greedy, and greedy when others are fearful “
You are buying a company. Would you want to own that company if the market shut down for 5 years?
Don’t use leverage.
I owned Amazon, Google, Apple, etc at some point during my life.
I was forced to sell on margin calls during the tech crash.
I would have thought about investing a lot more differently.
Buffett doesn’t sell his gems during a recession. He doesn’t try to time Mr Market.
I was mostly in cash for the collapse of housing. My 2009 portfolio was worth simply holding until now and I would have been much better off than trading in and out of stocks.
I would also have paid attention to fundamentals: Income Statement, Balance sheet, Cash Flow Statement
In short, I would have been more of an investor.
Listen to Buffett.