Some of the key principles that guide Warren Buffet's approach to business include starting young, being persistent, and investing wisely. He believes in the power of compound interest and the importance of reinvesting profits. He also emphasizes the importance of understanding a business before investing in it, and prefers to invest in businesses with a competitive advantage and strong management. Buffet is also known for his frugality and believes in living below one's means.
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impos...
View summary