@InvestingCanons
Warren Buffett on not overcomplicating investing: “Investing is just about assigning yourself the right story….” Buffett says to imagine you’re an experienced journalist specializing in investigative reporting. Your editor hands you an assignment: What is this newspaper company worth? And you need to write the story by the end of the month. What would you do? Buffett: “You’d go out and interview TV brokers, newspaper brokers, and owners, and you’d try to value each asset…” That’s all Buffett does: “That’s what I do—I assign myself the right story. It’s nothing more than that.”