Intro
Warren Buffett is the fourth richest man in he world. To McDonald’s, however, he’s just that guy that drives through each morning, willing to spend exactly $3.17 on his breakfast. A voiceover in his HBO documentary describes him as “your $44-billion average Joe.” Now, his net worth is more accurately estimated at $85.6 billion, however he pledges to give away 99% of his wealth to charitable causes. Warren Buffett is the world’s most successful investor, a feat that speaks to his excellent decision-making skills. His methods and practices―how he chooses which stocks to invest in, and when to buy and sell―have formed the basis of over 60 books and countless lectures and research papers, and gained a following around the globe.
Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ…Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
– Warren Buffett
