Produced by Lucas Remmerswaal
Would you TRUST just anyone with your FAMILY FORTUNE?
With hindsight we have 20:20 vision and now the answer is, No! But a few years ago lots of people trusted these loveable rogues. So where or who can you turn to for advice you can trust?
When You Lose Don't Lose the Lesson
When Lucas Remmerswaal began work as a financial adviser, he asked himself this question:
There was only one name on Lucas's list: Warren Buffett, the CEO of Berkshire Hathaway. A man of practical experience, Warren Buffett is considered to be one of the most trusted investors and business leaders in the world.
Buffett is a learning machine, who absorbs all the information he needs through his daily habit of endless reading, and keeping his eye on the TV tuned to CNBC. He stops only to speak on the phone with people he knows and trusts. Occasionally, using his finely tuned intuition, he acts. His current net worth is US $40 billion.
The key to Buffett's investment philosophy is: Rather than focus on the market as a whole, simply identify a good business, buy it at a bargain price, and then hold the shares in the company for the long term.
