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Warren Buffett's way: Investing for the long term

Investing does not require unusual knowledge or intelligence, says WARREN BUFFETT in his latest Berkshire shareholder letter

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Good news for non-professionals: "The goal of the non-professional should not be to pick winners - neither he nor his 'helpers' can do that - but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal", says Mr Buffett, chairman and chief executive officer of Berkshire Hathaway. - PHOTO: BLOOMBERG

Investment is most intelligent when it is most businesslike.

- The Intelligent Investor by Benjamin Graham

IT is fitting to have a Ben Graham quote open this discussion because I owe so much of what I know about investing to him. I will talk more about Ben a bit later, and

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