Warren Buffett’s net worth at age 52 was only 0.3% of his current value 💸
You read that right - Warren Buffett, one of the world’s most successful investors, made 99.6% of his $87.5 billion fortune after the age of 52. Almost $72 billion of his wealth came after he turned 65. 💰
Buffett has spent his life fine-tuning an approach that favours long-term value over short-term gains.
What are a few of the factors he looks out for before investing?
Circle of competence – most importantly the business needs to make sense. If investors don’t understand, then you won’t be able to forecast future business performance.
Management – efficiency and honesty are key in any successful management strategy.
Value – analyse the value of a company (profitability, returnability, etc.), rather than its market price.
Moat – look at companies that have great protection (a moat) surrounding them – great brand value, a patent, products, leadership, team, etc.
Margin of safety - A good business is not a good investment if you overpay for it.
The lesson? It’s never too late to see your business turn into a success. With the correct tools, approach, financial backers, and drive, you will get there.