Focused Portfolio approach: Important principles of stock selection
Dear Readers, Having read about Warren Buffett, several investors like to practice and emulate his consolidated portfolio approach, however following an approach without following the principles of the same can be disastrous as is the case with several investors. Recently read The Warren Buffett Way by Robert G. Hagstrom…the book is excellent and as the title suggests it encapsulates the Warren Buffett’s way of investing. The book also outlines Buffett’s tenets i.e. the tenets for following focused investing (consolidated portfolio…