Novice Investors Should Copy These 2 Warren Buffett Strategies -- and Avoid This Other One at All Costs
Warren Buffett is among the world's most successful investors as demonstrated by his $113 billion net worth. He's also the chairman and CEO of conglomerate Berkshire Hathaway, which owns more than 60 companies. He made his first stock buy at age 11 and now has 80 years of profitable investing experience on his resume.
Buffett is a value investor, which means he seeks out companies that are trading below their intrinsic value. That sounds simpler than it is. The approach relies on seeing profit potential that others don't.
As a novice investor, finding investable diamonds in the rough may not be a skill you have -- or want. And that's OK because there are other, simpler ways to imitate Buffett and better your own investing performance. Here are two novice-friendly strategies you can copy from Buffett, plus one you should avoid.
Source Fool.com
