Learning From Stocks You Will Never Invest In
Warren Buffett, who will turn 83 later this year, made his first investment more than 65 years ago. I would guess that, since that time, Mr. Buffett has invested in perhaps 400 to 500 securities if we include his personal trades, special situation investments, stocks, bonds and so on. My guess could be way off the mark -- but my point is that, even after nearly 70 years of investing, Buffett has invested a mere sliver of the tens of thousands of securities that are available. What makes him a brilliant investor, I believe, is the fact that he has a working knowledge of thousands of companies, even though he will never invest in most of them.
Most of us mortals will also invest in just a handful of stocks and bonds. Nonetheless, successful investing requires a constant willingness to learn, and that means reading, analyzing, and researching other companies in which you may never, ever invest....421 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.