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This FLEXible Approach to Stock Picking is the Best. Here's Proof... - Private Briefing

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This FLEXible Approach to Stock Picking is the Best. Here's Proof...
Oct 7, 2017

We all love Warren Buffet.

He has given the world an extremely successful approach to picking stocks.

But the fact is Buffett made big mistakes. By his own admission.

For instance, he recently spoke of missing out on some of the biggest wealth creators of all time: Amazon and Google.

Because no matter how great your approach to picking stocks, it's not perfect.

A smart investor should adapt his investing approach to make the most of the times...

When Buffett first got his start in managing money, he was a true Benjamin Graham style stock picker.

Basically, he looked for cigar butts i.e. stocks available for a fraction of their intrinsic value.

But over time, Buffett evolved an alternate process, which turned out to be a far bigger money spinner.

He famously said...

  • It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

As you can see, he had switched his approach.

And it's not just the approach he experimented with. He even ventured into sectors that were taboo for him for decades...

For instance, he initially said NO to technology companies. Now he owns a chunk of Apple.

He said NO to airline stocks. Today he owns a huge chunk of the US airline industry.

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