3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP482: How Warren Buffett Became the Greatest Investor to Ever Live (Part 1)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Cigar-Butt Style of Investing

Buffett's personality was very optimistic about the future and bullish on where America was heading. Successful investing involves purchasing stocks when their market price is at a significant discount to their underlying business value. Phil Fisher believed that superior returns could be made by investing in companies with above-average potential that had capable managers.

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