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Buffett believes in longterm investing from "summary" of Warren Buffett's Ground Rules by Jeremy Miller
Warren Buffett firmly believes that the key to successful investing lies in taking a long-term approach. He emphasizes the importance of patience and persistence when it comes to building wealth through investments. According to Buffett, short-term market fluctuations should not distract investors from their long-term goals. Instead, he encourages investors to focus on the fundamentals of a company and its potential for long-term growth. Buffett's investment philosophy is grounded in the idea of buying and holding onto quality businesses for extended periods of time. He looks for companies with strong competitive advantages, reliable cash flows, and competent management teams. By investing in such companies and holding onto them for the long term, Buffett aims to benefit from the compounding effect of returns over time. One of the key advantages of long-term investing, according to Buffett, is the ability to avoid unnecessary transaction costs and taxes associated with frequent...
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