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- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Robert Miles' book: "Warren Buffett Wealth: Principles and Practical Methods Used by the World's Greatest Investor".
This summary of the ideas from Robert Miles' book "Warren Buffett Wealth" shows that the key to creating enormous wealth isn’t to constantly try to time the market’s peaks and troughs. Instead, to become wealthy, carefully select businesses you’d like to own, invest significant amounts of capital into those companies and then aspire to owning them for a lifetime. This summary provides the principles and practical ideas that you should follow in order to make the right investment.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Warren Buffett Wealth" and discover the key to becoming a better investor.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 38
Veröffentlichungsjahr: 2014
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Book PresentationWarren Buffett Wealth by Robert Miles
Book Abstract
About the Author
Important Note About This Ebook
Summary of Warren Buffett Wealth (Robert Miles)
1. Study the best in every field – and then emulate them
2. Know what kind of investor you actually are
3. Develop your own signature investment philosophy
4. Know what you own – be an active rather than a passive owner
5. Invest in Main Street, not on Wall Street
6. Buy to keep, and try to buy a lot of a few
7. Whenever you or others make a mistake, try and learn from it
8. Be aware of the myths about investing – and don’t get sucked in
9. Work with others who share your same passion and strategies
10. Have a genuinely “rich” life – aside from your investment activities
Book PresentationWarren Buffett Wealth by Robert Miles
Book Abstract
MAIN IDEA
The story of Warren Buffett’s investment success with Berkshire Hathaway illustrates quite definitively the key to creating enormous wealth isn’t to constantly try to time the market’s peaks and troughs. Instead, to become wealthy, carefully select businesses you’d like to own, invest significant amounts of capital into those companies and then aspire to owning them for a lifetime – or even for several lifetimes if you can. In other words, it comes down to not how much money you have to invest but more how you actually invest what you have. The key investment principles and practical ideas Warren Buffett uses are:
About the Author
ROBERT MILES is an investment adviser and professional speaker. A graduate of the University of Michigan’s business school, Mr. Miles gives workshop presentations on Warren Buffett’s management and investment principles and practices. He is the author of The Warren Buffett CEO and 101 Reasons to Own the World’s Greatest Investment: Warren Buffett’s Berkshire Hathaway. Mr. Miles has also developed and released an audio coaching program titles How To Build Wealth Like Warren Buffett and has delivered Buffett Wealth Workshops in more than twenty-five countries.
The author’s personal Web site is at www.robertpmiles.com
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Warren Buffett Wealth (Robert Miles)
1. Study the best in every field – and then emulate them
Warren Buffett studies the best in every field of human endeavor. He then takes the principles of excellence gleaned from other sources and grafts them into his own investment philosophy and practices. This, he believes, is one key to outperforming the average investor.
To become the world’s foremost investor, Warren Buffett follows some notable yet common-sense practices:
Buffett believes the traits which allows anyone to excel in their field are transferrable. Therefore, he studies high achievers who have dedicated their entire lives to doing one thing well – like Tiger Woods in golf, Martina Navratilova in tennis, Arnold Schwarzenegger in body building and so on. Warren Buffett studies their successes for clues he can use in becoming the best at creating wealth by investing in other people’s businesses.Warren Buffett understands wealth is created and preserved more efficiently by owning a business than by any other means. Accordingly, he takes the earnings from one enterprise and deploys them into more businesses, creating a snowballing effect which is increasing in momentum over time.Buffett focuses all his personal time and talents on becoming the best at investing other people’s money. He has created billions in wealth for himself and his other Berkshire shareholders by investing successfully in other people’s businesses, which is impressive and unique.“Tell me who your heroes are and I will tell you what kind of person you will be. At first, the chains of habit are too light to be felt and then later, too heavy to be broken.”
– Warren Buffett
