MyMoney Online, The Personal Finance series with Warren Ingram, Warren visits the Oracle of Omaha

How to get rich by investing like Warren Buffett

(Article brought to us by Standard Bank Wealth and Investment.)

Ray White interviewed Financial Advisor (and Berkshire Hathaway correspondent) Warren Ingram on The Money Show for the weekly personal finance feature.

Ingram discussed Warren Buffett’s investment philosophy:

  • Determine if the asset offers good value.

  • Ignore fluctuating stock markets.

  • Buy as if you are never going to sell.

  • Understand the business you are buying.

  • Buy businesses that have some kind of “moat” (e.g. a competitive advantage that allows them to price higher or resist competition)

Scroll down for quotes from the video and audio below.

Buffett buys great businesses at a fair price.

Warren Ingram, 702/CapeTalk's resident personal finance expert

You must disregard what the market is doing from day to day.

Warren Ingram, 702/CapeTalk's resident personal finance expert

Buffett talks about his mistakes far more than his successes.

Warren Ingram, 702/CapeTalk's resident personal finance expert

Buffett will only sell if the fundamental reason for buying a company has changed.

Warren Ingram, 702/CapeTalk's resident personal finance expert

Buffett won’t buy a theme, fashion or trend.

Warren Ingram, 702/CapeTalk's resident personal finance expert

He owns a railway – the very definition of a monopoly! That’s the ‘moat’ he’s talking about.

Warren Ingram, 702/CapeTalk's resident personal finance expert

He’s happy to miss out if he doesn’t understand a business.

Warren Ingram, 702/CapeTalk's resident personal finance expert

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