Warren Buffett made to the list of richest men through investing. Many investors are inspired by his success in value investing and believes that Buffett’s strategy is the most superior. The funny thing is that Warren Buffett has never described his strategy in detail except stating a few considerations in his letters to shareholders. Commentators and authors studied Buffett’s investment choices and concoct theories on how Buffett chooses his stocks. The investment concept of earnings growth, intrinsic value and competitive advantage has define the investment culture of our time.
I’ll challenge the concept of earnings-based investing in this article and offer you an alternative way to invest.
