Why is Warren Buffett a Hero?

How did warren buffett do it?

• When warren buffett created the buffett partnership in 1950s, how did warren buffett manages to get investor and partners to invest in his partnership?

• Answer:

  It's not about luck, he developed a cunning stock picking technique based on selecting stocks that are as safe as bonds i.e. good quality companies with good quality management that have little debt. He called those companies equity-bonds. Whenever they are hit by a crisis their stock price falls drastically, so they are pretty cheap. But buffet knows that these good companies are quality stocks so he bought them when they were cheap thus having a higher rate of return he did that with American Express. I learned how to do the necessary calculations based on this blog http://buffettfordummies.blogspot.com/ It has all that you need to know. Also Marry Buffett wrote a whole range of books about Warren's methodology. If you are serious about stocks you should have a look. Happy investing!