Read of the day: 5 Lessons From Buffett & Munger

Good post here from Market Folly on some lessons from Warren Buffett and Charlie Munger.   The lessons don’t include Buffett’s main two lessons (don’t lose money & don’t lose money), but contains some other good insights:

Via Munger:

1. Carefully watch what other investors are doing
2.  “Look at the cannibals” – look at businesses buying back huge amounts of stock
3. Carefully study spin-offs

Via Buffett:

1. Avoid leverage
2. Be patient

See the full post at Market Folly.  

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Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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