Advantage Quote by Warren Buffett
![“There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive…” quote by Warren Buffett](https://sms4smile.com/quotes/img-quotes/72f/warren-buffett-183_advantage_there-are-three-important-principles-to_784492.jpg)
“There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive advantage. [The third is having a true investor's attitude toward the stock market, which] if you have that attitude, you start out ahead of 99 percent of all the people who are operating in the stock market - it's an enormous advantage.”
About This Quote
Source Speech: Berkshire Hathaway Annual Shareholder Meeting, 2008
Investing wisely involves viewing stocks as business parts, ensuring safety margins, and adopting a disciplined investor mindset.
In simple terms: Smart investing = business view + safety + mindset.
Key Takeaway
Adopt an investor’s disciplined perspective.
Themes
investment
discipline
analysis
Mood
analytical
pragmatic
Type
financial
educational
When to use this quote
- stock selection
- portfolio management
- financial planning
Key Concepts
fractional ownership
margin of safety
attitude
Questions to Reflect On
- How can you develop a true investor’s attitude?
- What safety margins protect your investments?
A Different Perspective
Markets are unpredictable despite careful analysis.
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
