Like many investors, I started as a loyal student of the Warren Buffett school of thought. The approach was sound: find mature, dominant businesses with protective moats. But as I dove deeper into the business models of modern tech giants, a question started nagging me: Did I have to settle for the slow-and-steady franchises that defined the Warren Buffett investment strategy?
An old investment story tells you everything you need to know about the evolution of making money in the stock market. It starts with a man named Benjamin Graham at a shareholder meeting for Northern Pipe Line. He put forward a motion to return excess cash to stockholders—and was met with complete silence. The motion failed, and the meeting ended.
An essential part of any solid personal financial plan is understanding how to make the most of your assets. For most Americans, the biggest financial asset they have isn’t their 401(k) or even their home—it’s Social Security.