Why Warren Buffett is Buying Snowflake Stock
The best way to learn how to swim is to jump into the deep end of the pool and figure it out as you go along. That’s how most newbie investors enter the world of investing. Open a brokerage account, Google “best stock to buy,” follow some Foolish recommendation, panic, then drown. Rinse and repeat.
That’s not how you accumulate wealth. As the Oracle of Omaha says, “the stock market is a device for transferring money from the impatient to the patient.”
Over the years of developing our dividend growth investing strategy, we’ve found ourselves gravitating towards many of Warren Buffett’s nuggets of wisdom.
- When you buy a stock, plan to hold it forever.
- Most news is noise, not news
- The best moves are usually boring
We’re now developing The Nanalyze Disruptive Tech Investing Methodology which incorporates more of Buffett’s rules.
- Invest in what you know and nothing more
- Diversification can be dangerous
- Pretend the market is closing for five years after you buy a stock
We didn’t start by looking at what Warren Buffett says and mimicking it, we simply arrived at some of the same conclusions because these are the truths that you learn from experience, the things you rarely hear mainstream pundits talk about. They don’t teach you this stuff when you get an advanced finance degree either.
Warren Buffett has established somewhat of a cult following. Pundits often throw in a Buffett quote in their
