10 Learnings from Warren Buffet
1. Buy businesses, not stocks Think like an owner. Focus on fundamentals, cash flow, and competitive advantage , not short-term price movement. 2. Circle of competence matters Invest only in industries you deeply understand. Saying “no” to most opportunities is a strength, not a weakness. 3. Margin of safety is non-negotiable Purchase below intrinsic value to protect against errors, volatility, or unforeseen risks . 4. Long-term compounding beats trading Time in the market is more powerful than timing the market. Buffett’s wealth is largely the result of decades of disciplined compounding . 5. Quality over cheapness A great business at a fair price is superior to a mediocre business at a bargain price. 6. Management integrity is critical He evaluates leaders on honesty, capital allocation skill, and shareholder alignment , not just growth promises. 7. Avoid debt and complexity Strong balance sheets and simple, understandable models reduce permanent loss of capita...