What I learned from the best investors in the world.
1. Charlie Munger about the first $100k:
2. Peter Lynch :
All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out.
3. Joel Greenblatt:
Buy good companies (high ROC) that are cheap (high earnings yield) .
Greenblatt's Magic Formula returned 33% per year to shareholders.
4. John Templeton
Invest. Don't trade or speculate.
5. Benjamin Graham
Don't overpay.
The intelligent investor is a realist who sells to optimists and buys from pessimists.
6. François Rochon
Focus on companies with high margins and high returns on capital.
Time in the market beats timing the market.
7. Warren Buffett:
1. Buy good companies 2. Don't lose money 3. Always think for yourself 4. Don't overpay 5. Be patient
Here are 27 book recommendations by Warren Buffett from
1. Shoe Dog — Phil Knight
Buffett: “The best book I read last year. Phil is a gifted storyteller.” kevinrooke.com
2. Poor Charlie’s Almanack — Charlie Munger
Buffett: “This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site.”
3. The Outsiders — William Thorndike
Buffett: “An outstanding book about CEOs who excelled at capital allocation.”