Sunday, May 15, 2011

Book: The Warren Buffett Next Door

AmazonThe Warren Buffetts Next Door profiles previously unknown investors, with legendary performance records, who are proving every day that you don't need to work for a hedge fund or have an Ivy League diploma to consistently beat the best performing Wall Street professionals.

These amazing individuals come from all walks of life, from a globe drifting college dropout and a retired disc jockey to a computer room geek and a truck driver. Their methods vary from technical trading and global macro-economic analysis to deep value investing. The glue that holds them together is their passion for investing and their ability to efficiently harness the Internet for critical investment ideas, research, and trading skills.


If you put money with one of them, you could get back $18m for every $1m invested after 10 years. That's really amazing! And I discovered 2 BIG Secrets from these amazing individuals:

Secret Number 1: They are really passionate about investing/trading.
Secret Number 2: They are really hardworking. It is Hard Work. There is no coincidence.

The bad news is that even after working hard, you might not even be a successful investor. 
But the good news is that by working hard, there is still a possibility of being a successful investor.
Based on my risk/reward analysis, it still makes a lot of sense to be hardworking.

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