Someone asked warren Buffet Once ‘Is it very difficult to get rich’
Warren Buffet is among the 5 richest man in world and he has been among top 5 consistently for many years. He has a very simple philosophy, he has invested in equity and he bought what he sees selling around him, so he owns large stake in Coke, McDonald, IBM and many other large conglomerate. He also earns more dividend from Coke then salary of Coke CEO. He has been holding these shares for long and don’t intend to sell them. But he has been a full time investor since 1951. Buffet became a billionaire in 1990 and now worth USD 68 Billion.
His investment philosophy tells us that we have to give time for equity return and wealth creation. Don’t sell a good asset only because it has risen in price. He always looks for value in his investment and willing to take high stake for conviction and wait for performance.