I would like to put in my two cents on "The Warren Buffett Way. The book is simple, clear, and to the point. I fully believe that using this book's steps will make you very wealthy. It won't do it very fast. But if you have a period of 15 to 20 years, you will have enough to retire on.
This book is the basis for all my retirement investments. Period. If the company doesn't fit the Buffet profile, it is not in my retirement portfolio.
For instance the stock I own is Pepsi. Strange that I feel that the direct competitor of one of Buffett's largest investments (Coke) falls within his investing parameters.
The four rules are as follows:
- competetive edge (Is it a leader of its industry)
-solid management (This cannot be underemphasized)
- healthy financials (does it make money)
- price of investment (What is its current value)
If it is a leader of its industry, has solid honest management, makes money, and is at value or undervalued, then you buy.
If there is one book to buy, this is it!!!!!
Take care and happy investing
The Wikiwealth portfolio consists of the following:
Sharebuilder Money Market (www.sharebuilder.com)
Have any ideas, questions, comments, web sites or different blogs to look at? Do you want to be notified when there is a new blog entry? Email at firstname.lastname@example.org and let me know.