Warren Buffett is synonymous with value investing and investment
success. Buffett has consistently delivered profits to his investors in
Berkshire Hathaway (NYSE: BRK-B) for almost 60 years. Now, Buffett is 83
and probably won't have the opportunity to build wealth for the next
generation. Fortunately, Buffett has left a detailed road map of his
investment strategy that we can use to build wealth long after his
departure.
Buffett has built a fortune by buying shares of great
companies when they were selling at a discount. He is a patient investor
and waits for prices to reach what he considers to be a bargain level.
Because he never knows when bargains will be found in the market,
Buffett maintains a large cash position in his portfolio, something
individual investors cannot do without hurting their returns. (more)
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