Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Be the Next Buffett

By Robyn Gearey - Updated Apr 6, 2017 at 9:48PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's not as hard as you think.

Oh, stop rolling your eyes. You can be the next Warren Buffett. Just hear me out.

Sure, the man is a living legend, worth somewhere around $50 billion, but it's not like there's any big secret to how he does what he does. (Well, there's one, but we'll get to that.) He reads, researches, buys businesses for the long term, and holds. That's basically it. You can do that, can't you? Of course you can!

I know what you're thinking ... it's not that easy. You have to know which stocks to buy and when to buy them. Well, yes and no. Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has historically invested in businesses that he knows well: businesses like insurance, railroads, his beloved Washington Post, and the manufacturer of his favorite soft drink, Coca-Cola.

When you know the businesses you own stock in as well as Buffett knows the ones he owns, it's fun to follow them. And following them closely means you'll likely notice when the company's products begin to lose their place in the market, or when changes in management have a negative effect on the business. See? I told you it was easy.

The secret, revealed
I also told you I'd reveal Buffett's one secret to his investing success. Actually, I'll do even better and give you two. First, he started investing very early, at age 11. My time machine is in the shop right now, so that option's out for me, and I'm guessing for most of you.

But while we're probably too late to amass $50 billion, it's never too late to get started. I don't know about you, but I'd be OK with even a small percentage of Buffett's wealth. And it's definitely not too late to put the kids in our lives on the path to investing glory -- the younger they start investing, the better their chances of becoming the next Buffett.

And here's the second secret: He invests like a girl.

Hey, there you go rolling those eyes again! Look, investing like a girl is a good thing -- at least if you want to be the next Buffett. It means being patient, avoiding risk, buying what you know, and staying calm when the market is anything but. See, it turns out women are naturally pretty good at all those things, and Buffett excels at them. And there you have it: Warren Buffett invests like a girl.

It's a bold claim, but if you're willing to embrace your feminine side, you can, too. Learn more at We'll even send you the first chapter of our upcoming book for FREE to get you started.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$420,566.00 (1.18%) $4,906.00
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$279.09 (1.49%) $4.09

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/03/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.