/biz/ - Business & Finance

Does anyone else think this old fuck is bullshitting about how he lives like a poorfag? If a billionaire was driving a shitbox car and eating from McDonalds without any personal guards, there's no way they wouldn't be held at gunpoint on a regular basis. Sure most niggers wouldn't recognize him, but that's not to say there's not a bunch of criminals who would recognize him.

>>1664469
wtf I HATE warren buffet now

Why did he buy Dairy Queen?

Why did he buy airplane stock?

>>928910
>avoid the biggest multi-national corporations and the most popular stocks
these usually have very bloated stocks and little room for further growth. if they're already the top company in many countries, then they'll be suffering from diminishing returns. and if everyone has already bought the stocks, then who's left to buy them from you for a higher price later on?

>look at the long-term charts
it doesn't take an expert in technical analysis to recognize if the chart has a general downward trend or if it's basically standing still. if the chart doesn't indicate health in the company then it's probably not a great investment.

>understand the company's business idea (le warren buffett meme)
you need to know why it's supposedly a great company/stock. if their business plan seems really stupid or if you think its potential has been played out then stay away from the stock.

>gather all the information you can find
read press releases, news articles, earnings reports, forum posts and blogs about the company. try to make sense of the information. what kind of person is the CEO? does the management seem competent? do you think the company has potential?

i'm not very diversified but i'd rather have a few different stocks that i truly believe in than a whole bunch of stocks that look like shit to me.

Say if I knew all my ratios, balance sheets and actively read the financial news everyday, how likely would it be to become a multi-millionaire by the time I'm 30 if I start of value investing with $1000?