Business & Investment

Two useful Warren Buffett tips for finding good stocks

Investor Warren Buffett is not shy when it comes to sharing his investment wisdom. Buffett’s stock-selecting skills are legendary, so I think this is good news for individual investors like me. Here are two useful tips shared by Buffett. I think this will increase your chances of finding attractive stocks to add to your portfolio.

Warren Buffett informs him of what he is looking for

Suppose you want to buy a used car, or the first edition of a rare antique book. It is very unlikely that it will come your way by sitting indoors and doing nothing.

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Each year, in his annual shareholder letter, Buffett reveals what his criteria are for buying a business. If he has a business that sells that meets Buffett’s criteria, often including a phone number, they can contact his company to talk to them about it.

I think the stock is the same. When you let us know that you are about to buy stock, Get information related to that search.. It may be asking stock brokers to keep their ideas up to date. Motley Fool Regularly with some friends in the investment discussion club-or all of the above. However, in my experience, it is very helpful to actively search for information and register resources of people other than yourself in that search.

Now, you may come up with a lot of unattractive ideas. I think that it is all right. The first step is to access a diverse stream of investment ideas, like Warren Buffett. You can then investigate them and evaluate them in the second stage against your own investment criteria.

The virtue of patience

Reading many sources, the language used can sometimes be reminiscent of a bazaar. There is “Once-in-a-lifetime opportunity” When “Urgent idea“.

Some ideas are really urgent. During the global financial crisis, some large American financial institutions basically called Buffett and demanded a huge amount of money from him.That’s Buffett’s final Goldman Sachs, He just rewound last year. Buffett believes that most people in the course of life will have multiple great opportunities, but there are also once-in-a-lifetime ideas.

But the important thing is that Warren Buffett is willing to wait for ideas to follow, no matter how urgent the appeal. I think he fits his investment standards.. He waits for years as needed and often does.Indeed, some criticism of some shareholders of his company Berkshire Hathaway It means sitting in a huge pile of cash, not using it in the market.

Buffett thinks it’s right to wait patiently when looking for a good investment idea that fits his investment criteria. Like him, I’m trying to get information from various sources. I digest it during the present, but that doesn’t mean I need to act on it. That’s why I try to wait until I find something that I find a great opportunity.

Christopher Luang does not have a position in any of the shares mentioned. The Motley Fool UK does not have a position in any of the shares mentioned. The views expressed about the companies mentioned in this article are those of the author and may differ from the official recommendations made by subscription services such as Share Advisor, Hidden Winners, and Pro. Here at The Motley Fool, by exploring different insights, A better investor than us.

Two useful Warren Buffett tips for finding good stocks Two useful Warren Buffett tips for finding good stocks

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