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Warren Buffett (in 1994) on ignoring political and economic distractions. https://t.co/tjnXgW3URa

At the Berkshire Hathaway shareholder meeting in 2013 Warren Buffett said he’s owned 400 to 500 stocks during his life and made most of his money on 10 of them. Charlie Munger followed up: “If you remove just a few of Berkshire’s top investments, its long-term track record is pretty average.”

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

More than 2,000 books are dedicated to how Warren Buffett built his fortune. Many of them are wonderful. But few pay enough attention to the simplest fact: Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child.

As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 bi

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Almost everyone starts as a value investor. It’s funny, that's where Buffett started. And then Buffett in the early '90s became a growth investor. And so just be open-minded.

Gavin Baker • Security Error | Columbia Business School

The year before John Paulson decided, in the spring of 2009, to give investors in his hedge funds the option of having their returns measured and paid in gold, he had made a fortune for himself and his clients by betting on the value of America's housing markets and banks. Now he was betting that an even more basic product than housing — money itse

Michael Green • In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)

Buffett acolyte Guy Spier wrote in his book, The Education of a Value Investor,

Danielle Town, Phil Town • Invested: How I Learned to Master My Mind, My Fears, and My Money to Achieve Financial Freedom and Live a More Authentic Life (with a Little Help from Warren Buffet, Charlie Munger, and My Dad)

You also have to have the knowledge to enable you to make a very general estimate aboutthe value of the underlying businesses. But you do not cut it close. That is what Ben Grahammeant by having a margin of safety. You don’t try and buy businesses worth $83 million for$80 million. You leave yourself an enormous margin. When you build a bridge, you ... See more

Warren Buffett • The Superinvestors of Graham-and-Doddsville

The way to wealth is to be exceptionally good at something. If you are thebest at whatever it may be, people are going to pay you well and thatvalue can’t be destroyed by inflation. Nobody can take away your talent.

Guatam Baid • Five biggest takeaways from Warren Buffett and Charlie Munger’s Berkshire Hathaway annual meet

billionaires

Mary Martin • 1 card