"He's patient and does thorough research. He waits for the right price to buy."
I thought that was the way everyone is investing. You can't just pick a number and hope to get lucky guys!
"A study by the University of California at Davis found that women's portfolios gained 1.4% more than men's portfolios did. What's more, single women did even better than single men, with 2.3% greater gains"
What exactly did he meant by this? "Found out"? Does anyone knows minimum survey bias?
I think this article is misleading. It doesn't say anywhere what percentage of women invest versus what percentage of men. Now this is completely non-scientific, but as a late 20's single male, most of the females in my peer group are not yet investing. At the same time most of the males are. The few females who do invest, tend to be imho the more intelligent women with the more technical jobs. My male friends who invest are all over the board, from chef's to finance wizards. Now granted, being a chef (as I used in my example) doesn't mean you are a bad investor, you are much less likely to have had any formal training in financial markets. When they talk about average returns, these folks would tend to bring down the averages as they are less informed in the investment market, while nearly all the women I know who invest are highly informed. This could skew the averages significantly in favor of women because only a few women are investing, and they all have better than average aptitude for it.
Can someone explain to me why his company Berkshire has two separate stock symbols?
For those that do not know...Berkshire is a giant company, its shares are like over $100,000 each, I believe the Gates Foundation owns a ton of shares in it. Also, Berkshire owns GEICO and Fruit of the Loom, among a lot of other companies you would think are their own company.
FTA - "He's patient and does thorough research. He waits for the right price to buy. He seeks to never sell the companies he invests in. He's the anti-trader, if you will."
Uh, I call ***** on this whole article and I doubt there is thorough research out there on how the average woman invests. Going through the list in the quote would discount most (not all) the women I know. For example, my wife's idea of waiting for the right time to buy is a sale, but she fails to realize that because something says sale on it doesn't mean its the lowest price out there.
This should have really been called "Warren Buffett invests like a rich man". I think she is confusing men with the average day trader.
Research and patience are two winning traits of a good investor. Too many people see the stock market going up and decide to jump in ... and end up buying when prices are at or near their highs. When the market goes down, these same people get nervous and sell.
So they're buying high and selling low, which is exactly the opposite of what a smart investor should do. Buffett is smart and does his research, paying more attention to the foundations and business of a company than the daily market gyrations.