Basic Guide To Successful Investing

by | Mar 19, 2018 | Investing, My Archives | , , , , ,

Part I

https://seekingalpha.com/article/4157375-basic-guide-successful-investing-part

  • Understanding Free Cash Flow and its importance.
  • Letting compound interest do much of the work for you.

Most investors jump into and out of stocks after a few years, or even months, and miss the true power of long-term investing. Sure, we take a beating here and there along the way, but quality always recovers and buying a stock in a high-quality company when it is priced as a bargain generally works out better than trading in and out. Remember, you are collecting those juicy dividends along the way. The annual dividend on 14,400 share in 2017 was $63,412.

So, sticking with quality companies and investing for the long term to allow the power of compound interest work for you are the first two key elements of successful investing. I will get into more about how I identify “quality companies” in practice as we move through the series.

Part II

https://seekingalpha.com/article/4157783-basic-guide-successful-investing-part-ii

  • The Myths of Wall Street exposed.
  • How does Warren Buffett Invest?
  • Do you really trust Wall Street to have your best interests at heart?
  • Interlude I – True story about an average woman who amassed $18 million on a salary of $15,000 per year.

If you want to be a millionaire you need to invest like one. The ultra-wealthy do not need all the income from their investments. And they certainly are not desperate to increase their income from investments every year. But it just happens anyway without their trying. How? I’m glad you asked.

You see, wealthy people can afford to wait for bargains.

There may be more skill, in terms of knowledge and experience, on Wall Street than most of us have. But we don’t really need that much skill. The thing we need the most is patience. Add a little skill and a solid plan to a lot of patience and you’ll do much better than relying on Wall Street.

Warren Buffett Once Told a 14-Year-Old Kid the Secret to Success in 1 Simple Sentence

by | Mar 11, 2018 | Investing, My Archives |

https://www.inc.com/marcel-schwantes/warren-buffett-says-hanging-out-with-this-kind-of-person-will-make-you-more-successful.html

Buffett wasn’t merely telling a teenager to stay away from bullies or the kid smoking pot in the back of the school. He’s teaching a life lesson for all of us about absorbing the very qualities and traits of successful people further down the path than you — the ones whom have demonstrated the people skills and character traits that will elevate us and make us better as leaders, workers, and human beings.

In growing your influence as a leader, business owner, or professional so others will gravitate to your inner circle, there are four things that you want to look for in people better than you, so you can “drift in that direction.”

…

  1. Hang out with people that have integrity.
  2. Hang out with intentionally focused people that know when to say ‘no.’
  3. Hang out with people that feed their minds by reading.
  4. Hang out with people that are legitimately loved by others.

To the Shareholders of Berkshire Hathaway Inc.

by | Mar 6, 2018 | Investing, My Archives | ,

http://www.berkshirehathaway.com/letters/letters.html

The Annual Meeting (2017)

The annual meeting falls on May 5th and will again be webcast by Yahoo!, whose web address is https://finance.yahoo.com/brklivestream. The webcast will go live at 8:45 a.m. Central Daylight Time. Yahoo! will interview directors, managers, stockholders and celebrities before the meeting and during the lunch break. Both the interviews and meeting will be translated simultaneously into Mandarin.

Our partnership with Yahoo! began in 2016 and shareholders have responded enthusiastically. Last year, real-time viewership increased 72% to about 3.1 million and replays of short segments totaled 17.1 million.

For those attending the meeting in person, the doors at the CenturyLink will open at 7:00 a.m. on Saturday to facilitate shopping prior to our shareholder movie, which begins at 8:30. The question-and-answer period will start at 9:15 and run until 3:30, with a one-hour lunch break at noon. Finally, at 3:45 we will begin the formal shareholder meeting, which usually runs from 15 to 45 minutes. Shopping will end at 4:30.

On Friday, May 4th, our Berkshire exhibitors at CenturyLink will be open from noon until 5 p.m. We added that extra shopping time in 2015, and serious shoppers love it. Last year about 12,000 people came through the doors in the five hours we were open on Friday.

……

Come to Omaha – the cradle of capitalism – on May 5th and meet the Berkshire Bunch. All of us look forward to your visit.

February 24, 2018 Warren E. Buffett
Chairman of the Board