True geniuses tend to make things simpler, not more confusing. Buffett is no exception.
Buffett simplifies investing down to the following:
“All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.”
That doesn’t sound overly complicated – because it isn’t. Click here to see 17 of Warren Buffett’s best quotes analyzed.
Buffett says there are 3 things that make a successful investment:
1. Good stocks (strong competitive advantage)
2. Good times (low prices)
3. Stay with them as long as they remain good investments (let them compound your wealth)
You don’t have to be a genius to follow this plan…