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Warren Buffett Credits This Book to His Career of Investing Success: 'I Was Doing It Exactly the Wrong Way'

Warren Buffett attributes much of his success in investing to the book "The Intelligent Investor" by Benjamin Graham, which he first read at age 19. In the book, Graham introduces the concept of "Mr. Market," a metaphor for the stock market's mood swings, teaching investors to remain rational amidst market fluctuations. Buffett learned from Graham the importance of buying stocks at a significant discount to their intrinsic value, a strategy that has been central to his investment philosophy. He also adopted Graham's approach of focusing on long-term investment rather than short-term speculation, which Buffett initially practiced but found to be "exactly the wrong way." This shift in strategy, inspired by Graham's teachings, has been pivotal in Buffett's career, leading him to become one of the world's most successful investors.

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[ https://www.msn.com/en-us/money/savingandinvesting/warren-buffett-credits-this-book-to-his-career-of-investing-success-i-was-doing-it-exactly-the-wrong-way/ar-AA1DIjyr ]