10 Golden Principles Of Warren Buffett Pdf Verified Extra Quality

Price is what you pay; value is what you get. Buy when market price is significantly below intrinsic value.

Buffett looks at the stock market simply as a mechanism that offers him prices. It does not provide him with advice. If the market is irrationally selling a good company at a low price, that is an opportunity. If the market is bidding up a bad company to ridiculous highs, that is a trap. Focus on the future cash flows of the business (intrinsic value) rather than the daily fluctuations of the stock ticker. 10 golden principles of warren buffett pdf verified