With reference to my earlier post on the Warren Buffett by NUS students, I got lucky and managed to find a report of their visit. Here are some key extracts from the students about Warren Buffett:
- Warren Buffett is a big believer in value investing – buying shares that are trading at a lower price than the value is actually deemed to be.
- He gives key consideration to the “margin of safety” when deciding which share to buy. This refers to the difference between the market share and the intrinsic value.
- His investment philosophy is to look at the fundamentals and the economics of the business and what he thinks is the value of the company.
- When he looks at a business, he makes sure the company has a share of its customers’ minds.
- He’s extremely humble and modest.
- To be a good stock-picker, one must have your own investment style, and also be a good communicator.
- Warren Buffett used to be afraid to speak in public and had to take public speaking classes from Dale Carnegie.
- Be a good human if you want to be a good business.
- And lastly, the biggest takeaway is to follow our passion and to follow it keenly regardless of what people may think, to do it seriously, and to do it well.
All these while, when you read about Warren Buffett, you read about his achievements as an investor and that he is the richest man on earth. But when you meet him in person, you immediately see that he is a very humble man for someone in his position.