During his multidecade career, Warren Buffett has captured the minds of followers through an interesting mix of wildly successful investments and down-home, folksy charm. In the absence of self-penned autobiographies or memoirs, authors have spent countless hours attempting to uncover the characteristics that make the Omaha, Neb., native so successful in business. An examination of Buffett's Berkshire Hathaway (BRK.A) empire reveals three notable qualities that, when internalized, can help investors benefit in times of economic prosperity and protect them in the event that the markets turn south.
Famously, Buffett has said that his favorite holding period for an investment is forever, and indeed a number of his positions have been mainstays in the Berkshire portfolio for decades. In an interview after his landmark decision to acquire the remaining shares of Burlington Northern Santa Fe Railroad, Buffett turned his attention to the long term, forecasting that railroads will still be essential 100 years from now. By focusing on the long term, he has weathered a number of economic crises, including the most recent economic meltdown. At the height of the crisis, while many people were fleeing the markets, Buffett penned a now-famous opinion piece in The New York Times, "Buy American. I Am." In the article, he insisted that, contrary to the beliefs of many observers, the turmoil provided an ideal opportunity to take advantage of the inevitable U.S. recovery.
Source: MSN Money
Related Articles:
Qualities behind Buffett's success
Posted by D4L | Thursday, January 27, 2011 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
A good dividend stock has more than a high yield. Dividends need to be supported by cash flow, and cash flow depends on the long-term streng...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
-
BDCs can be excellent investment options for those seeking high returns, particularly when acquired at favorable valuations and supported by...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.