The early days of investing are tough, not because opportunities are scarce, but because most lack the experience and mindset to stay in the game. In a 1988 interview, Buffett shared his secrets:
đč Buy businesses, not stocks: Understand how it'll make money in 10-20 years. If you can't picture its future cash flows, skip it.
đč Price must be obviously cheap: Not "feel cheap". Buffett's best deals came when the market was pessimistic.
đč Patience is key: Humans prefer quick wins, Buffett's greedy for the long term.
đč Don't let the market control you: If a stock drops 10%, buy more if the business is strong.
So, if you had $10,000 today, what would you invest in?
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