“Mindless imitation of one’s peers,” is one of the worst things investors and business owners can do according to The Oracle of Omaha. The CEO of Berkshire Hathaway made these comments in 1991, as part of a series of lectures to students at the Notre-Dame University. Buffett presented his audience with a newspaper ad from 1969, offering one million shares of American Motors. Buffett noted that the ad showed 37 investment banks worked on the deal at the time, but in the time since, all of these banks, plus American Motors had disappeared. If you’re looking for value stocks, and…
Avoid “Mindless Imitation Of One’s Peers” At All Costs
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk