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What Do Buffett, Roger Federer, and ValuePro Have in Common? - Views on News from Equitymaster

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The Equitymaster Research Digest

What Do Buffett, Roger Federer, and ValuePro Have in Common?
Apr 18, 2017

  • Four Stocks that Buffett Could Buy
  • Mastering the best that other people have ever figured out
  • Three Crisis Scenarios in India

With about 79,000 funds managed worldwide, it's not likely investors will never run out of fund managers to read. But Berkshire Hathaway's annual reports are still atop everyone's reading list.

But why is it that no one has come close to Buffett's success? Buffett's quirky partner, Charlie Munger, tried to explain it the 50th annual report.

Munger believes focus and devotion are at the heart of everything Buffett does...and that without that focus, Berkshire wouldn't be the entity it is today. Buffett's focus not only helped his firm's investment returns, but Munger believes the outstanding performance of the Berkshire's CEOs is due to Buffett's focus on their key qualities. Munger writes:

    Buffett's decision to limit his activities to a few kinds and to maximize his attention to them, and to keep doing so for 50 years, was a lollapalooza. Buffett succeeded for the same reason Roger Federer became good at tennis.

So the secret to Buffett and Federer's success, it seems, is a disciplined focus on a system that works.

ValuePro subscribers know this is the core framework Rohan and his team use to evaluate each business. And it's their disciplined focus that's helped them pick the best 'Buffett-would-buy' stocks in India over the past eight years.

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