How Warren Buffett Changed the Way Investors Thought of Investing
Briefly

Warren E. Buffett's investment philosophy centers around buying outstanding companies at reasonable prices instead of simply measuring business worth against inflated values. Buffett's disciplined application of this approach over six decades has not only revitalized Berkshire Hathaway, transforming it into a $1.1 trillion enterprise, but has also significantly influenced investment practices globally. His ability to manage vast interests—from railroads to major stakes in corporations like American Express and Coca-Cola—showcases his adeptness at value investing. Buffett's recent announcement about stepping down as chief executive prompted cheers, reflecting the deep admiration he has garnered over the years.
Warren E. Buffett emphasizes the importance of buying wonderful businesses at fair prices rather than buying fair businesses at wonderful prices in his value investing strategy.
Over the 60 years of overseeing Berkshire Hathaway, Buffett transformed it from a failing textile manufacturer into a colossal $1.1 trillion conglomerate, becoming a prime model of American capitalism.
Read at www.nytimes.com
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