Warren Buffet enters the COVID19 cris with US$128 billion in cold, hard cash. While analysts were poking fun at the old fuddy duddy who didn;t know what he was doing, Buffet was accumulating his biggest cash war chest ever.
How does he do it ?
- Buffet plays his own sharemarket game due to enormous reserves of patience and preparation – he ignores the ‘noisy’ commentators and critics.
- Fear of missing out is something Buffet got over long ago – this powerful force can generate astonishingly large losses by following the crowd.
- Buy low, sell high while many of us buy at times of great excitement and sell the minute things turn nasty.
1 + 2 + 3 = VALUE INVESTING.