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Lessons From Warren Buffett

Lessons From Warren Buffett: More Than One Way to Get Rich

Warren Buffett is often regarded as the ultimate investor, but he doesn’t believe there’s only one way to achieve financial success. His perspective on investing emphasizes that different strategies can work, depending on the investor’s approach and skillset.

At the 1994 Berkshire Hathaway Annual Meeting, Buffett explained, “I’ve said in investing, in the past, that there’s more than one way to get to heaven. And there isn’t a true religion in this, but there’s some very useful religions.”

This insight highlights that while Buffett’s limited portfolio strategy has been incredibly successful, other methods—such as Peter Lynch’s growth-oriented approach with a much more diversified portfolio—can also yield great results. The key is finding a disciplined, well-researched strategy that aligns with one’s expertise and risk tolerance.

Hear Buffett’s full explanation

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© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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