felicity Posted May 7, 2004 Report Share Posted May 7, 2004 A vital part of Warren Buffett's success stems from his intellectual independence. In the height of the dot-com craze, he was unmoved. He had the patience to wait out what he judged was a bubble ("the biggest transfer of wealth"). In this context, patience means keeping a long term perspective. The cornerstone of his business is buying whole companies, not just stocks. He is also reputed for his honesty and this is a business advantage when he deals with people, because they know they can trust what he says. In contrast to the charlatans who try to make a quick buck, good character (a.k.a. morality) usually underlies the really large fortunes. How can I use my morality to my advantage in the stock market? Anyone care to brainstorm? (www.berkshireHathaway.com) Quote Link to comment Share on other sites More sharing options...
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