Summary: How to Pick Stocks Like Warren Buffett - Thimoty Vick
Complete summary of Timothy Vick's book: "How To Pick Stocks Like Warren Buffett: Profiting From the Bargain Hunting Strategies of the World's Greatest Value Investor." The review of the ideas in "How to Pick Stocks Like Warren Buffett" presents the reader with Wannen Buffett's four principles, which have been consistently profitable across year of investment and stock market turmoil. These four principles are: 1. Have a street-smart investment philosophy. 2. Analyze all potential investments astutely. 3. Avoid getting into loss situations religiously. 4. Obey the general rules of good investment strategy. This summary highlights the key points of each strategy, and breaks it down into guidelines that are easy to understand and follow: plan on staying actively involved in making investments for 30-years or more, so that you look at the market with a long-term view; only buy stock that will increase in value by at least 15-percent per year; value a business solely on its future earnings, discounted for risk; devote at least part of your portfolio to unconventional investments which guarantee a specified return. Never buy or sell anything just because of fashion. In short, the philosophy of this book is to invest for the long-term, sustainable gains. Use knowledge, stay with your strengths and ignore daily fluctuation. Added-value of this summary: -Save time -Understand key concepts -Increase your business knowledge To learn more, read the summary of "How To Pick Stocks Like Warren Buffet" and get all the keys a savvy investor needs.