How to Pick a Stock Like Warren Buffett
Michael Jordan is to basketball as Warren Buffett is to investing. The Nebraska native is closer to celebrity status than anyone else in the investing world and for good reason. When Buffett buys a stock, he considers it the same as buying a business: There is an extensive checklist he churns through before even considering making a purchase. Within that list are several key lessons for all investors. Here are a few:
Buffett must have full faith in the trustworthiness of a company's leadership team. While not all of us have the luxury of sitting down with company executives to gauge their reliability, we can all do our homework. How?
Image source: Getty Images.
Source Fool.com
