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Investment Analysis Clubs / The BMW Method

URL:  http://boards.fool.com/first-of-a-series-invest-like-an-owner-the-25837796.aspx

Subject:  Re: Debunking Stock Market Myths Date:  8/26/2007  12:11 PM
Author:  MadCapitalist Number:  26552 of 41634

First of a series...

Invest like an owner


The advice should be "Think like an owner" instead of "Invest like an owner."

Here is what the world's greatest investor (Warren Buffett, not BuildMWell) had to say:
“The art of investing in public companies successfully is little different from the art of successfully acquiring subsidiaries. In each case you simply want to acquire, at a sensible price, a business with excellent economics and able, honest management. Thereafter, you need only monitor whether these qualities are being preserved.”
1996 Letter to Berkshire Hathaway shareholders
http://www.berkshirehathaway.com/letters/1996.html

Think about it.
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