# warren buffet * Think of stocks as businesses. * Increase the size of your investment. * Reduce portfolio turnover. (tax benefits) * Develop alternative performance benchmarks. (not price-based) * Learn to think in probabilities. * Recognize the psychology of misjudgment. * Ignore market forecasts. * Wait for the fat pitch. (strike when in ideal zone) ## criteria for selecting stock * easy to understand * favorable long-term prospects * operated by honest and competent people * available at a very attractive price --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://um.fz.ax/investing/warren-buffet.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.