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Buffett believes in the importance of reading and staying informed about the businesses you invest in from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
Warren Buffett’s philosophy emphasizes the vital role of reading and staying informed when it comes to investing in businesses. He believes that having a deep understanding of the companies you invest in is crucial to making sound investment decisions. Buffett's approach is rooted in the idea that knowledge is power, and that by staying informed, investors can make informed choices that lead to long-term success. Buffett’s dedication to reading is evident in the countless hours he spends poring over annual reports, financial statements, and industry publications. By immersing himself in this material, Buffett is able to gain valuable insights into the businesses he invests in. This allows him to assess the company’s competitive position, management team, and growth prospects with a high degree of accuracy. ...
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