Warren Buffett can make you a millionaire!: Buffett earns 20.8% a year - Paperback

by Zhou Wang (Author)

The Warren Buffett phenomenon $100 invested in 1965 = $1,826,163 "The stock market is a device for transferring money from the impatient to the patient." "We continue to make more money when snoring than when active." "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Mr Buffett's strategy of patience has proven to be the most astounding in history. He has earned 20.8% a year compounded over 50 years for his shareholders. His firm had 2 bad years. He does NOT trade or speculate. He holds companies for a long time. The average investor earned just 3.79% while the stock market earned 11.06% over the last 30 years. DALBAR Most investors jump from one "popular" security to another just in time for them to go down. So they earn just 3.79%; paying more ... for less. Buffett has been patient for over 60 years: his $6,000 from paper routes has grown to $72 billions. You and I can become wealthy by buying Buffett's stock. We don't need to read and understand thousands of company annual reports. He knows and buys his stocks on sale: Coke, GEICO, Fruit of the Loom, Benjamin Moore, Acme Bricks, Burlington Northern. berkshirehathaway.com/ We can't compete but we can be wealthy. We can earn 20% by buying and holding just one stock: Buffett's Berkshire Hathaway BRK shares. We don't need to trade or time our buys and sells. All we have to do is be patient. All we have to do is "snore" and do NOTHING.

Author Biography

Zhou Wang has been in financial services for over 20 years. He was a managing executive of the sales units of a number of firms. He is one of the insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The guides provide specific ways to save on all financial services. The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year is available at Amazon, Barnes & Noble, Junglee, bookadda, allbookstores, ebay, fishpond, alibris, powells, booksamillion, etc