I was recently on a Delta flight with in-flight entertainment and I watched an awesome HBO documentary on the life of Warren Buffet. As if I couldn't have any more respect for the man, I did even more. In fact, if I ever become a billionaire, I hope I am a billionaire like Warren Buffet.
Despite being one of the richest people in America, with a net worth of $65.5 billion, he has maintained a level of modesty and empathy for the marginalized groups of society.
We live in a world desperate to get rich quick, and many investing adviors promise (some even use that forbidden "g" word -- guarantee) that you'll make money fast. That is not what investing is about. What Warren Buffet has done with Berkshire Hathaway since the 1960s is quintessential investing.
The most incredible part is that the approach to investing is very simple: focus investing allows you to pick the best of the best companies and ride them higher indefinitely. Ignore the noise, recessions and new trends -- stick to companies that you know and understand.
The Lesson? If you can be any investor or adviser; be Warren Buffet.
Greetings, GradMoney Readers!
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