Skip to main content

999 Warren Buffett Quotes - Learn His Secrets of Investing During & After Crisis

Buy my product

Featured

One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong

The market, like individual stocks, can move in the opposite direction of the fundamentals over the short term Be optimistic about America and investing in general Market declines are great opportunities to buy stocks in companies that you like You can never predict the market It takes years, not months to produce big results You can make serious money by compounding a series of 20-30 percent gains in Stalwarts Stock prices often move in opposite direction but the long term, the direct and sustainability of profits will prevail Buying a company just because its cheap is a losing strategy Selling an outstanding fast grower because its stock slights overpriced is a losing technique You don’t lose anything by not owning a successful stock Stock doesn’t know that you own it Don’t be attached to a winner Don’t stop monitoring the story If you don’t think you can beat the market then buy a mutual fund Keep an open mind to new ideas Read One Up On Wall Street by Peter Lynch Chapter 19 full su...
Post a Comment
Read more

The Dhandho Investor SUMMARY Chapter 14 Dhandho 403: Invest in the Copycats rather than the Innovators

The thousands upon thousands of Patels who simply copied the model did not innovate; they simply lifted a proven idea and scaled it.

CASE STUDY: MCDONALD’S
After buying over the rights from McDonald brothers, Ray Kroc introduced changes and innovations not from within but by copying the street-smart franchisees and competitors. They did create innovations at headquarters with some of the famous flops over the years such as Hulaburger that featured a slice of pineapple instead of meat.

CASE STUDY: MICROSOFT
The famous MS-DOS that was licensed to IBM wasn’t developed in-house. It was lifted from Seattle Computer. Also the mouse and graphical user interface from Apple. Excel from Lotus 1-2-3 and VisiCalc. Word from Word Perfect and PowerPoint was acquired. Xbox was inspired by Nintendo and PlayStation.

CASE STUDY: PABRAI INVESTMENT FUNDS
Pabrai Funds is cloned from Buffett Partnerships. BP has no management fees but only performance fees. Investors will pay only when there’s a return of at least 6 percent a year. Above that 25% will be taken by Buffett and the rest to the investors. Most hedge funds charge 1-2% management fees. This is a giant moat!

Buffett also reinvested virtually all his fees back into the partnerships which made him to become the largest investor in the partnerships. He also does not disclose his holdings to his investors. This keeps noise and distractions down to a minimum. He runs a concentrated fund with hundred families invested whom became his salesforce to bring in more investors. Pabrai Funds cloned this and $300 + million in assets belongs to about 400 families all around the world. Plus there are no analysts or other partners. Even now Berkshire is all managed by Warren Buffett when it comes to major investment decisions, Munger will be consulted. It’s a one man race. Back to Buffett Partnerships, he will only give performance report once a year. All these attracted the right investors and created a wide moat. It is the Dhandho way!

Watch The Dhandho Investor Chapter 13 full summary here 👇:
https://youtu.be/DydGoD17ZaQ

Subscribe, Like and Follow me
YouTube: https://youtube.com/user/MySweetLuck
Twitter: http://twitter.com/MySweetLuck
Instagram: https://www.instagram.com/MySweetLuck/
Facebook: http://www.facebook.com/mysweetluck4u

#thedhandhoinvestor #mohnishpabrai #charliemunger #guyspier #warrenbuffett #valueinvesting #pabraifunds #chaiwithpabrai #marginofsafety #innovation

Hey everyone, I'm Michael. I don't read books, I research them. This channel is all about best business books and I will be summarizing the books that I am researching chapter by chapter. Do Subscribe and Follow MYSWEETLUCK.

Subscribe: http://www.youtube.com/subscription_center?add_user=mysweetluck

Comments

Post a Comment