Invest like Warren Buffet – Or Not

A recent post on GetRichSlowly by Robert Bokramp is worth looking at. It is an analysis of how one might invest based on advice from Warren Buffet. He calls it, Invest Like Warren Buffet… but not really

First I’d say read this article. I am not going to repeat it all here. What I do find most telling though is that Buffett and his partner Charlie Munger advise people to invest in low cost index funds. The Motley Fool has advised the same. In fact they have a room named after John Bogle, the founder of the Vangard fund.

If you want to become a billionaire like Buffett and invest the way he does you need to spend all your time studying business – detailed analysis of thousands of corporate financial reports and develop an intimate knowledge of the businesses you want to consider investing in and the people who run those businesses. Buffett and his people have done this for decades. It is a full time job plus. 

If you do not have the time or inclination to spend all your time doing this, and most of us will not, then it may well be wise to listen to the advice about index funds. 

Remember that nothing anyone tells you is Gospel; money can be lost in any investment. I do not give investment advice, you should consult a professional investment adviser for that. But, if you go it alone this advice about index funds is worth considering. 

What do you think? Let us know. 
Wishing you success and prosperity,

Daniel R. Murphy
Helping People Learn to Build Wealth

Wishing you Success and Prosperity,

Daniel R. Murphy

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.