The rules for the Ivestor of Warren Buffetta

Many call the investment gurus of Warren Buffetta " Buffett himself says that it is pointless to predict the market behavior and only patience, frugality and loyalty to the principles will help to achieve long -term success. He adheres to such a pragmatic approach since the organization of his first partnership Buffett Partnership Limited (BPL) in 1956. It was then that the young Buffett began to send letters to partners once in the half -year, in which he talked about the results of the work and explained his investment methods in detail. Buffett does not write books, but his letters to partners collected in this edition make it possible to understand the way of thinking and the philosophy of investing a great entrepreneur. The author is the compiler of the book investment analyst Jeremy Miller, uniting letters on topics, analyzes the success history of BPL from 1956 to 1970 - - the period, according to Buffett himself, with the highest profitability that he had ever received. The approaches presented here, despite evolution in investment methods, do not lose relevance to this day. Buffett"s letters will be equally useful to beginners, amateurs and professionals