By Anthony57
Rate: (5 Ratings)
Warren buffet is known as the world's greatest investor. He is the second richest man with a net worth of $30 billion. Warren buffet likes to buy and hold stocks for the long-term. He doesn't invest in tech stocks, He invest stocks he understand. He invest in stock in out of favor industries such as brick,insurance,and beverage companies. He buys stocks in bear markets and sell them in bull markets. Warren buffet said the key to becoming rich in the market, is to be fearful when people are greedy and greedy when people are fearful. Buffet likes to buy stocks with low p/e ratios and growth potentials. He buys stocks like he's buying a business. Warren buffet doesn't diversify, He puts large amounts of money in individual stocks. He likes to buy in businesses that are franchises. He looks at the companies financial statement to determine if the companies a good buy. He also owns his own company called berkshire hathway.