The Warren Buffett Millionaire: We make more money when snoring

The Warren Buffett strategy "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money." "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 successful. He earns 19.7% a year compounded over time. He does NOT trade or speculate. He holds companies for a long time. The average investor earned just 3.69% while the stock market earned 11.11% 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 3.69%; 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 following Buffett's advice. 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": do NOTHING.

Author: Zhou Wang

Publisher: Createspace Independent Publishing Platform

Publication Date: Mar 17, 2015

Number of Pages: 68 pages

Binding: Paperback or Softback

ISBN-10: 1508887381

ISBN-13: 9781508887386