THE UNIVERSITY OF BERKSHIRE HATHAWAY (BUFFETT & MUNGER ADVICE)

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Warren Buffett and Charlie Munger share their wisdom on how to invest in stocks each year on the annual shareholder meeting of Berkshire Hathaway. Their investing strategies have made Berkshire the 6th most valuable company in the world. Can we learn something from these gurus? Of course we can, and through this summary of the book “The University of Berkshire Hathaway”, written by Daniel Pecaut and Corey Wrenn, we shall.

Master the investment strategy of Warren Buffett: http://bit.ly/2RT5per

Top 5 takeaways:
0:00 Intro
01:33 1. How to invest during times of inflation
05:42 2. What is investment risk?
07:36 3. Invest using filters
09:59 4. The share of mind principle
11:41 5. Invest in yourself

TL;DW:

Businesses that require little capital to grow and that possess pricing flexibility are the investor’s greatest defence against inflation
The risk associated with an investment is not dependent on the price fluctuations of its stock, but by the underlying characteristics of the business
Use filters to avoid wasting time on unproductive investment ideas
A great branded product is often a good investment – if share of mind exists, the market will follow
Invest in yourself – use compounding not only for your bank account, but also for your mind

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.