Warren Buffet's investment strategy is guided by several key principles. First, he believes in investing in businesses that he understands and can predict their performance in the long term. Second, he looks for businesses with a competitive advantage or 'moat'. Third, he seeks out businesses that are managed by competent and honest people. Lastly, he only invests when the price is right, meaning he believes the company is undervalued.
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impos...
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