Lessons From Warren Buffett

Lessons From Warren Buffett: No Secrets in This Business That Only the Priesthood Knows

Is there a secret formula to success in the stock market? Warren Buffett says absolutely not. The tools you need to be successful are right there out in the open. He points to Benjamin Graham’s The intelligent Investor as one example, and Buffett says “the advice I would give is to read everything in sight.”

“There are no secrets in this business that only the priesthood knows,” Warren Buffett said at the 2005 Berkshire Hathaway Annual Meeting. “We do not go into temples and look at tablets that are only available to those who have passed earlier tests or anything. It’s all out there in black and white. It’s a simple business.”

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© 2021 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.