by Mark Tier
Desired OutcomesImprove investing and trading skills |
Access:All members |
Description
Warren Buffett and George Soros are among the most famous investors in the world. Both Warren Buffett and George Soros achieved their extraordinary investment success by sticking to their own unique investment philosophy that guided all their investment decisions.
For Buffett, it was the principle of buying great companies at reasonable prices and holding onto them for the long term. He likened his investment strategy to a punch card with only twenty slots: every decision to invest should be made as if he had just one of those slots left.
On the other hand, Soros built his strategy around the concept of reflexivity — the idea that markets are driven by the biases and actions of participants, which in turn shape market realities. Soros focused on short-term opportunities, often profiting from market imbalances and shifts in perception.
While their strategies differed significantly, what Buffett and Soros shared was a disciplined approach to investing, a strong belief in their personal philosophies, and the ability to stick to their principles regardless of market conditions.
Excerpt
The Power of Mental Habits
Warren Buffett and George Soros are the world’s most successful investors.
Buffett’s trademark is buying great businesses for considerably less than what he thinks they’re worth—and owning them “forever.” Soros is famous for making huge, leveraged trades in the currency and futures markets.
No two investors could seem more different. Their investment methods are as opposite as night and day. On the rare occasions when they bought the same investment, it was for very different reasons.
What could the world’s two most successful investors possibly have in common?
On the face of it, not much. But I suspected that if there is anything Buffett and Soros both do, it could be crucially important… perhaps even the secret behind their success.
Review:
We find the systems explained by Mark in his book, “The Winning Investment Habits of Warren Buffett and George Soros” to be very helpful for those just starting out in investing or require an investment system.
Furthermore, it proves that there is no right way to make it in the investment field.
References:
 The Winning Investment Habits of Warren Buffett & George Soros |