In a blog post attributed to Pysh at seekingalpha.com, he lays out 10 points on "How a normal person can invest like Warren Buffett." The first is to spend less and put the money saved toward investing, a practice that Buffett allegedly keeps to.
"I got richest, fastest, by sitting on my butt," is one way Buffett has explained his success, according to Forbes blogger William Baldwin, who uses this video to explain the Buffett theory that holding on to a winning stock is a better investment strategy than selling. Baldwin compares the financial fates of a holder, "Mr. Smart," and a seller, "Mr. Dumb," to drive home his point.
You can lose your shirt trying to be a Buffett, says Craig J. Coletta in this ABC News column. Unlike you and me, Warren Buffett is famous for investing the money of a huge corporate conglomerate, his Berkshire Hathaway Inc., not his personal IRA. Thus, he can weather financial storms that few others would survive. Still, Coletta, an investment adviser whose article is titled, "Why you can't invest like Warren Buffett," says learning the difference between you and Warren will help you invest smartly.
At USNews.com, Tom Sightings also says you can't invest like Buffett. It's a matter of scale. With billions to invest, Buffett can make deals that regular shareholders can't match.
Contact Reid Kanaley at 215-854-5114, email@example.com or @ReidKan on Twitter.