Stick to businesses within your "Circle of Competence". Buffett famously avoided technology stocks for years because he didn't feel he could predict their long-term economics as easily as a consumer goods company like Coca-Cola . 3. Look for an Economic Moat
To exploit great investment opportunities, you must have ready cash when everyone else is panicking. Berkshire Hathaway always keeps massive cash reserves to remain bulletproof. 10 golden principles of warren buffett pdf verified
Warren Buffett's "10 Golden Principles" form a bedrock philosophy of value investing and disciplined living Stick to businesses within your "Circle of Competence"
“The single most important decision in evaluating a business is pricing power. If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business.” — 2011 Interview with PBS Look for an Economic Moat To exploit great
Highly leveraged companies are vulnerable during economic downturns. Debt adds unnecessary risk to a business.
Includes fillable fields or prompts for purchase price, intrinsic value estimates, and exit triggers so readers can turn principles into repeatable decisions.