Title: Rules That Warren Buffett Lives By
Headings: Rules That Warren Buffett Lives By
Rules That Warren Buffett Lives By
Key Takeaways
"Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One"﻿﻿
"If the Business Does Well, the Stock Eventually Follows"
"It's Far Better to Buy a Wonderful Company at a Fair Price Than a Fair Company at a Wonderful Price."
$87.9 billion
"Our Favorite Holding Period Is Forever."

Content: He doesn't go into an investment prepared to lose, and neither should you. Buffett believes the most important quality for an investor is temperament, not intellect. A successful investor doesn't focus on being with or against the crowd. The stock market will experience swings. But in good times and bad, Buffett stays focused on his goals, and so should all investors. This esteemed investor rarely changes his long-term investing strategy no matter what the market does. "If the Business Does Well, the Stock Eventually Follows"
The book "The Intelligent Investor" by Benjamin Graham—the British-born American economist, professor, and investor who is also considered the father of value investing—convinced Buffett that investing in a stock equates to owning a piece of the business. So when he searches for a stock to invest in, Buffett seeks out businesses that exhibit favorable long-term prospects. Does the company have a consistent operating history? Does it have a dominant business franchise?