Forum Archive Index - October 2000

["Brian Brakenridge" <brianbrak@xtra.co.nz>]

For those interested:

 

Sir John Templeton was quoted as saying " I don't understand why people don't study success more often. I think there are two reasons; one stupidity and the other ego."

 

Buffett wasn't born a master investor. He was/is inspired and mentored by a number of people.

 

1. Ben Graham - "The Intelligent Investor' & "Security Analysis". Investing from a business perspective.

2. Philip Fisher - "Common Stocks & Uncommon Profits". Look for excellent business economics and the time to sell is never.

3. Laurence N. Bloomberg - the superior investment value of a consumer monopoly.

4. John Burr Williams - "The Theory of Investment Value". The worth of a business is what it will earn in the future.

5. Lord John Keyes - concentrated portfolios and learning one area really well and not straying from it.

6. Edgar Smith - retained earnings adding value to the business over a period of time.

7. Charlie Munger - (Buffett"s long time business partner) purchasing excellent businesses at prices that made business sense.

 

A valuable link to follow up on some of these theories/philosophies is www.focusinvestor.com