Did you know that the Net-Net strategy or as some call it, ‘Cigar-Butt’ Investing was the most prominent strategy that got Warren Buffet to his first million by the age of 30?
He picked up this strategy from his teacher, Benjamin Graham – better known as the author of value-investing bibles such as The Intelligent Investor and Security Analysis.
So it is now our chance to pick up this same strategy and replicate how the Omaha Oracle was able to leverage upon this method to kick start his investing journey!
The Net-Net StrategyTaking a look at Warren Buffet’s net worth through the years, one would see that it was during the age range of around 53 where he realized that Ben Graham’s Cigar Butt strategy was not scalable with large amounts of capital (we’re talking Billions).
This is also when he decided to work with Charlie Munger’s strategy of
...