Warren Buffett is one of the world’s most successful investors in the world, having built Berkshire Hathaway (NYSE: BRK.B) into a US$1 trillion powerhouse.
While he tends to invest predominantly in US stocks, his principles apply just as well to the Australian market.
So how can everyday investors channel Buffett’s mindset when picking ASX shares? Here are the key ideas.
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Look for businesses, not tickers
Buffett has always said he buys businesses, not ticker codes. That means thinking like an owner. Would you be comfortable holding this business for the next 20 years?
Companies like ResMed Inc. (ASX: RMD) or Coles Group Ltd (ASX: COL) arguably fit this bill, with business models that are deeply…
