A lot of investment advice points to Warren Buffett as a source to draw wisdom from. Without question, Buffett is one of the most accomplished investors ever. That said though, there are some serious fallacies to pointing to Buffett as an example for ordinary investors. Here’s why.
An often cited quote of Buffett is that his number one rule is “never lose money.” If only things were that simple. This is just too Zen for me. A lot of financial writers in my opinion misunderstand how Buffett is investing, and a lot of his strategies simply will not work for an ordinary investor.
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