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Buffett focused on businesses he understood from "summary" of The Snowball by Alice Schroeder
Warren Buffett's investment strategy was centered around a simple yet powerful principle: he only invested in businesses that he truly understood. This may seem like common sense, but it was a key factor in his success. By focusing on businesses that he could easily comprehend, Buffett was able to make informed decisions based on his knowledge and expertise. This approach allowed him to avoid risky investments in industries that he was unfamiliar with, minimizing the potential for losses. Buffett's emphasis on understanding the businesses he invested in was not just about knowing the numbers or the industry trends. It was also abo...
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