warren buffet

  • Think of stocks as businesses.

  • Increase the size of your investment.

  • Reduce portfolio turnover. (tax benefits)

  • Develop alternative performance benchmarks. (not price-based)

  • Learn to think in probabilities.

  • Recognize the psychology of misjudgment.

  • Ignore market forecasts.

  • Wait for the fat pitch. (strike when in ideal zone)