THE WISDOM OF WARREN E. BUFFETT: THE ESSENCE OF AN INTELLIGENT INVESTOR
Date Issued
2014
Date
2014
Author(s)
LIN, YU AN
Abstract
This paper, through the investigation of Warren E. Buffett’s philosophies and principles, seeks to identify the essence of investing. The concepts include Mr. Market, Margin of Safety and patience. The principles include a) investor’s understanding the business, b) firm’s enduring competitive advantage, c) management team’s being honest and able people, and d) stock’s being traded at a sensible price. After all, sound investing perhaps does not rely on a stratospheric I.Q. or sophisticated calculations, but may require independent thinking, emotional stability, flexibility, as well as the ability to see investment as an art. As for an average investor, it is advised to invest 10% in short-term government bonds and 90% in a low-cost S&P 500 index fund.
Subjects
巴菲特
查里曼格
波克夏
市場先生
安全邊際
獨立思考
情緒穩定性
投資的本質
投資的藝術
Type
thesis
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ntu-103-R01749015-1.pdf
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