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# 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