30 Years Ago Warren Buffett Gave Away The Secret To Good Investing And Correctly Predicted No One Would Listen

In May 1984, Warren Buffett laid out everything you need to know about his investing philosophy.

In a speech at Columbia Business School, later adapted into an essay, Buffett introduced what he called, "The Superinvestors of Graham-and-Doddsville."

Buffett writes: 

"The common intellectual theme of the investors from Graham-and-Doddsville is this: they search for discrepancies between the value of a business and the price of small pieces of that business in that market."

And that's pretty much it. Buffett doesn't think about buying a stock; he thinks about buying a business. 



Read more: http://www.businessinsider.com/warren-buffett-graham-and-doddsville-lecture-2014-8#ixzz3ATvvzMr6

via Business Insider