Amazes me how many people misunderstand the Buffett strategy. You pick a stock and it goes up 5% – but if he invests in the same stock and it goes up 5%, he gets 10-20% return on that. How? It’s a deep value liability funding strategy inasmuch as it is a value investing strategy. Best explanation I've read on this is from these guys: www.scmessina.com/.../if-warren-buffett-had-to-start-today-could-he-still-reach-his-current-level-of-wealth/
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Timeless Secrets Of Warren Buffett’s Mentor
Amazes me how many people misunderstand the Buffett strategy. You pick a stock and it goes up 5% – but if he invests in the same stock and it goes up 5%, he gets 10-20% return on that. How? It’s a deep value liability funding strategy inasmuch as it is a value investing strategy. Best explanation I've read on this is from these guys: www.scmessina.com/.../if-warren-buffett-had-to-start-today-could-he-still-reach-his-current-level-of-wealth/