" Crocodile trading "

  https://www.inc.com/minda-zetlin/warren-buffett-mistakes-berkshire-hathaway-washington-post-coca-cola-gillette.html https://www.cnbc.com/amp/2020/09/08/billionaire-warren-buffett-most-overlooked-fact-about-how-he-got-so-rich.html https://www.cnbc.com/amp/2018/08/16/warren-buffetts-warning-on-walmart-better-stocks-than-retailers.html https://www.simplysafedividends.com/world-of-dividends/posts/37-top-10-pieces-of-investment-advice-from-warren-buffett https://www.ruleoneinvesting.com/blog/how-to-invest/warren-buffett-quotes-on-investing-success/ https://www.visualcapitalist.com/warren-buffetts-biggest-wins-and-fails/ https://m.economictimes.com/markets/stocks/news/what-explains-the-divergence-between-stock-markets-and-economic-growth/amp_articleshow/85768987.cms http://mastersinvest.com/newblog/2017/9/26/when-do-you-sell-a-great-company https://eu.usatoday.com/story/money/personalfinance/2013/10/26/warren-buffett-investment-advice/3188499/ https://www.quora.com/Why-does-Warren-Buff...

  Wer lesen kann, ist klar im Vorteil: Das gilt auch und gerade an der Börse. Noch immer zählt der Spruch von Altmeister André Kostolany: "Börsengewinne sind Schmerzensgeld. Erst kommen die Schmerzen, dann das Geld." The big money is not in the buying or the selling, but in the waiting.  If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor.  It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. We recognized early on that very smart people do very dumb things, and we wanted to know why and who, so that we could avoid them. Beta and modern portfolio theory and the like – none of it makes any sense to me. We’re trying to buy businesses with sustainable competitive advantages at a low, or even a fair...