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It is important to resist the urge to follow the crowd and stay true to your investment thesis from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
As Buffett has emphasized, resisting the temptation to follow the crowd is crucial. It is easy to get swept up in the excitement of a popular trend or the fear of missing out on a hot new stock. However, successful investing requires discipline and a willingness to go against the crowd when necessary. This means staying true to your investment thesis, even when it is unpopular or goes against conventional wisdom. Buffett's approach to investing is rooted in a deep understanding of the companies in which he invests. He carefully analyzes their financials, management team, competitive position, and long-term prospects. This research forms the basis of his investment thesis, which guides his decision-making process. By staying true to this thesis, Buffett is able to block out the noise of the market and make rational, well-informed decisions. When the market is in a frenzy, it can be difficult to maintain...
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