Warren Buffett revealed a $66 billion secret, 30 years ago about successful investing, but no one listened!
Warren Buffett (the CEO of Berkshire Hathaway) is the world's 3rd richest man, with a staggering net worth of $66 billion. On Thursday, Berkshire Hathaway's share price crossed over $200,000 per share for the first time ever.
You see, today Warren Buffett is one of the the world's most successful investors, and it's all thanks to his investment strategy.
It's funny because in 1984, he explained his entire investing strategy and philosophy, but no one listened!
Today, I'm going to go back in time with you, to share with you Warren Buffett's secret to successful investing he revealed over 30 years ago.
Let's get into it!
Why the business as a whole is greater than the sum of its parts
“They search for discrepancies between the value of a business and the price of small pieces of that business in that market.”
These are the words Warren Buffett wrote in a speech at Columbia Business School, which he later made into an essay.
What Buffett was saying is that investors should see investing in shares as buying pieces of good businesses that they see real, long-term value in, for less than they were worth.
Warren Buffett also has another important factor for long term investing success…
The importance of investing for dividends
Subscribed to the belief that dividends were a primary contributing factors to long-term total return.
It is true that trying to build wealth through holding stocks through dividends does take time, But time is the one guaranteed asset you have to work with instead of try cheat it.
And finally, I just want to leave you with profound words of wisdom from Warren Buffett, who could turn you into the next greatest investor of all time!
“I can tell you that the secret has been out for 50 years”
“There seems to be some perverse human characteristic that likes to make easy things difficult. The academic world, if anything, has backed away from the teachings of value investing over the last 30 years. It’s likely to stay that way. Ships will sail the world but the Flat Earth Society will flourish.”
If you’d like to read more of Warren Buffett’s essay, to unlock more of his secrets to successful value investing, simply click here!
“Wisdom Yields Wealth”