The Buffett Blueprint: 3 Wealth-Building Habits That Separated the Oracle From Wall Street's Crowd
Warren Buffett will likely go down as the best investor of all time. For one, he's got the returns to back it up. Between 1965 and 2024, the company that Buffett runs, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), generated compound annual gains of 19.9%, equating to a total return of 5,502,284%. Meanwhile, the broader benchmark S&P 500 has generated compound annual gains of 10.4%, including dividends.Buffett didn't become one of the richest people in the world, running one of the largest and most prosperous conglomerates in the world, by following the crowd. He forged his own path. Here are three wealth-building habits that separated Buffett from Wall Street's crowd.In today's world, where everyone is looking to get rich fast, Buffett has been a preacher of patience. As the Oracle of Omaha likes to say, Berkshire looks for stocks that the company can hold forever. Some examples in Berkshire's portfolio are Coca-Cola and American Express, which Berkshire owned for decades. In his 2023 annual letter to shareholders, Buffett praised both companies, which have built iconic brands and regularly grow earnings and increase their dividends, saying, "The lesson from Coke and AMEX? When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable."Continue reading
Warren Buffett will likely go down as the best investor of all time. For one, he's got the returns to back it up. Between 1965 and 2024, the company that Buffett runs, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), generated compound annual gains of 19.9%, equating to a total return of 5,502,284%. Meanwhile, the broader benchmark S&P 500 has generated compound annual gains of 10.4%, including dividends.
Buffett didn't become one of the richest people in the world, running one of the largest and most prosperous conglomerates in the world, by following the crowd. He forged his own path. Here are three wealth-building habits that separated Buffett from Wall Street's crowd.
In today's world, where everyone is looking to get rich fast, Buffett has been a preacher of patience. As the Oracle of Omaha likes to say, Berkshire looks for stocks that the company can hold forever. Some examples in Berkshire's portfolio are Coca-Cola and American Express, which Berkshire owned for decades. In his 2023 annual letter to shareholders, Buffett praised both companies, which have built iconic brands and regularly grow earnings and increase their dividends, saying, "The lesson from Coke and AMEX? When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable."
