Trade Like Warren Buffett

Did you know that Warren Buffett investment strategy isn't limited to his Buy-and-Hold forever gospel that he wants you to believe?

Did you know that Warren Buffett started as an hedge fund?

Did you know that Warren Buffett is also an accomplished currency trader?

Serial book writer, blogger, hedge fund manager, chest master James Altucher explains all of the above statements and more in his book 'Trade Like Warren Buffett'.

One word to describe this book. Fascinating!

Warren Buffet net worth timeline

Source: https://www.quora.com/Whats-the-shrewdest-smartest-maneuver-youve-ever-seen-in-business#!n=18

Warren Buffett Money philosophy quotes

UFC = Greatest Investment Ever!

UFC was bought $2 Million and sold $4 Billion 16 years later

Is Dana White the greatest investor of all time?

Dana White and the Las Vegas casino magnates, Lorenzo and Frank Fertitta bought the drowning UFC for $2 Million in 2000 and sold it 16 years later for a whopping $4 Billion to WME-IMG Group. 

$2,000,000 X 16 years = $4,000,000,000

2000fold return on inve$tment.

  
UFC President, genius businessman and promoter extraordinaire Dana White, who remains the man in charge, estimated net worth of $350 Million will most likely takes a jump up. Dana White deserves it! He created a 4 Billion dollars sport after buying only three letters: U.F.C.

MONEY MANAGEMENT in Gambling and Investing

The most important in Gambling and Investing is Money Management, otherwise said 'How you manage your Bankroll.'

Proctecting your capital.

Bankroll: Money 

No Bankroll = no Money

No Money = no opportunities to make Money

Since you should never "play" with Money.

The 5% Money Management Rule

Gamble no more than 5% of your Bankroll.

I can make 20 Bets with my personnal Bankroll.

It isn't dramatic if I lose a few bets in a row.

I have the same philosophy for investing in the stock market.

In the long-run, 

Discipline is better than good picking.

Since you can't always pick the winner.

Nothing is 100% safe.

Nothing is 100% sure.

Not even fixed fights and inside trading.

Everything is possible!

So you should NEVER dedicate more than 5% of your Bankroll / Capital on a single bet, investment or poker game.