Lessons From Warren Buffett

Lessons From Warren Buffett: Three Important Principles From Benjamin Graham

Warren Buffett, the most renowned and accomplished student of Benjamin Graham, who wrote The Intelligent Investor, distilled Graham’s teachings into three fundamental principles.

“There’s three important aspects to it. One is your attitude toward the stock market. That’s covered in chapter eight of The Intelligent Investor,” Buffett said at the 1995 Berkshire Hathaway annual meeting. “If you’ve got that attitude toward the market, you start ahead of 99 percent of all people who are operating in the market. So, you have an enormous advantage. Second principle is the margin of safety, which again, gives you an enormous edge, and actually has applicability far beyond just the investment world. And then the third is just looking at stocks as businesses, which gives you an entirely different view than most people that are in the market.”

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

© 2023 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.