Investing gurus and their style
“Only the foolish learn from experience — the wise learn from the experience of others.”
Stock market is an enigma to most of us. However, as one reads through the investing styles and investment strategies of legendary investors like Benjamin Graham, Warren Buffet, etc., pearls of their wisdom enlighten us by providing an insight as to what made these people highly successful investors!
In this series on ‘Investing Gurus and their styles’ , we try to elaborate the broad investing strategies of these successful investors. By reading this series and emulating these strategies, we hope you will benefit immensely from the infinite wisdom and experience of the legends!
“Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it.”
These are the interesting and popular words of a Wharton MBA graduate, a chameleon investor, and the man behind the 29% average annual returns that the Fidelity Magellan Fund made during 1977 – 1990, growing its assets from $20 million to $14 billion!!
Lets find out his Investment Style..
“I don’t want a lot of good investments; I want a few outstanding ones.”
These words reflect the modesty of Philip Arthur Fisher, who, with his 70+ years of successful investing experience, is considered the pioneer and the mastermind of the growth stock school of investing. Lets find out his Investment Philosophy..
Sir John Marks Templeton, the billionaire value-contrarian investor & mutual fund pioneer, is best known for his flagship Templeton Growth Fund which posted a return of 13.8%, compounded annually from 1954 to 2004, outperforming the Standard & Poor’s 11.1% return during the same period.
There have been marked examples of his exceptional style of investing. Let’s share his pearls of investment wisdom…
Charles Thomas Munger doesn’t need an introduction. I came to know much more about the super investor, Charles Thomas Munger, aka Charlie Munger, Vice-Chairman of Berkshire Hathaway over a discussion, which happened impromptu over a lunch meet with my fellow and senior analysts.
In The Buffett Menu, we told you about the essential ingredients of the specials in Warren Buffett’s investment menu, basically his investment style.
Now, it’s time to introduce you to the lollapalooza effect…
If you take a look at the Warren Buffett menu of investments, you’re sure to find the likes of Yum Foods (KFC & Pizza Hut), Coca-Cola, PepsiCo, Hershey’s in the specials. Is it time to add some sauces?
Yes! Warren Buffet’s Berkshire Hathaway has inked a deal to buy-out H. J. Heinz, along with 3G Capital. Is it just his love for the ketchup, or does it make absolute business sense too? Does it fit into his typical style of investing? What is his investing style, by the way?
I spent a Sunday morning talking over the same with my Dad. Here it goes…