Warren Buffett is one of only two living men who can truthfully boast a larger fortune than Bill Gates. (In fact, the two are now teaming up on the largest charitable giving project in history.. He generated his larger-than-life $60 billion net worth by becoming one of Wall Street’s sharpest and most successful investors. His secret, as William Grieder writes in his book “The Soul of Capitalism” is that Buffet “stays close to his capital.” That is, he will not invest unless he personally meets with the top executives and completely buys into their business strategy.
This simple yet proven philosophy has served Buffet well, propelling him to previously unimaginable heights of wealth creation.
Monday, May 4, 2009
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