How to be a Warren Buffet?

Ever wondered how you can make more than 20% returns consistently over a period of 40 years? My friend James used to think that this is plain rocket science and no one can do it. Your luck is the only driving factor. You really need tremendous luck and revolutionary ideas to go that far. Apply the law of compounding to your money and see how much profit it can generate.

I told James, “Dude, it’s not rocket science. Warren buffet did more than that” The question we struggle to answer is how is it possible to make sustainable returns over such a long period? How does the law of compounding help? No man can produce magic if he doesn’t have some of the real investment traits.

Warren buffet wouldn’t have been “Warren Buffet the greatest investors of all times” if he would have just sat idle doing nothing. The man has a charisma which is undeniable and profound. It is not that he has done every possible investment in his lifetime. He has never touched most of the stocks and obviously you don’t need to do everything. You just need to excel in what you do better. Isn’t it? All his investments have been based on terrific conviction. He has never touched anything that he doesn’t believe in.

How is Warren Buffet different from normal tom-dick-harry?
A normal tom-dick-harry is very impatient. A tom can create his pre-determined views based on the analysis of some expert Dick. A Warren Buffet in his younger days would do the analysis himself and approach companies to find out the real value of the company. People in the current age don’t have the time and energy to do it. Very few people have the ability to range their thoughts in a specific direction and then execute as per plan without the fear of loss. Warren Buffet is one of them. He scaled heights because he had the courage and patience to face losses and still emerge as a successful investor. What he had was Strong mind, Thoughts and Money. Therefore he knew how best he could invest it. Investing in Hersheys, when no one could really understand the business model that could be so successful is a classic example of one of the Buffet’s innumerable traits.

So, How to be a Warren buffet?
I don’t want to mince any words here. Base your actions on your conviction. Base your conviction on your analysis. Base your Analysis on Facts. Create a mind-set for investing long term. Have patience and follow this amazing mantra of investment.

Analysis- Courage- Money- Invest-Patience-Re-Analyse-Courage – Money -Invest.
Nothing can generate money more than money itself. If you really want to be warren buffer then start thinking like Buffet.

http://expertscolumn.com/content/5-top-tips-increase-website-conversion-...
http://expertscolumn.com/content/best-places-publish-your-article
http://expertscolumn.com/content/life-after-death-does-it-exist
http://expertscolumn.com/users/samprad78

All copyrights reserved by Sameer Devalekar