Warren Buffett's Best Advice

(New York)

Barron's has just run a new article on the "Oracle of Omaha", Warren Buffett. The piece takes the form of a tribute to Buffett, but in doing so highlights what is so successful about him and points out some of his ideas. For instance, Buffett's stance on what he looks for in companies, "I want a very valuable castle, with a duke in charge of it who is very honest and hardworking and able. Then I want a moat around that castle." Or his thoughts on managers, "We look for three things: intelligence, energy, and integrity. If they don't have the latter, then you should hope they don't have the first two either. If someone doesn't have integrity, then you want him to be dumb and lazy." His comments on gold are also eye-opening and smack of the common sense wisdom he has often shared, saying that all the gold that has ever been mined could fit in a 68 foot cube, yet it could buy all the farmland in the US, 16 Exxon-Mobils, and still have a trillion Dollars left over. He argues this is illogical because of how much more value those "real" assets will create.

FINSUM : Buffett has some real gems and it is worth revisiting them time and again as market circumstances change. He seems to always have some useful insight.

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  • gold
  • warren buffett
  • value investing


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