Status Updates From The Warren Buffett Way, 30t...

Charlie!!

I LOVE how this is so clear! It really goes: the best strat is safety-of-margin. Oh what's that? It's having a market price less than it's intrinsic value. Oh how much less? 2/3 of its net asset value. Oh you want to be able to determine intrinsic value? Here are 15 points from Fisher. Oh you DON'T want to know the history of that term? Well, here you are anyway. No stone left unturned!

John Locke mentioned

don’t overanalyze buffett’s strats such that you neglect his philosophical underpinnings

When Warren Buffett diverges from Ben Graham's tactics

"the way to make money, is to begin" - Minaker

“Compound interest is the eighth wonder of the world” - Albert Einstein.

“He who understands it, earns it. He who doesn’t, pays it.”

Just finished the forewords to the 3 editions and the preface. Very clear and well written so far. Cool!