Summary: Warren Buffett is one of the worlds most successful investors, amassing a fortune of over $84 billion dollars! Wouldn't it be nice to be able to think like Warren Buffett? Well now you can! Warren's daughter-in-law, Mary Buffett wrote a book called 'Buffettology', which delves into the thinking of Buffett. It's a fantastic book - a must read. Towards the start of the book Mary talks through 9 key questions that Buffett will always ask when he's determining if a stock is worth buying. These are questions that anyone can answer. You don't need a degree or much knowledge in investing to have a crack at answering these yourself. This episode we each choose a company and answer the first 4 questions ourselves, to see if we've chosen a company that Buffett himself would invest in. In this episode you will learn: If our businesses have an identifiable consumer monopoly If the earnings of our companies are strong, and showing upward trend If our companies are conservatively financed If the companies of choice consistently earn high rate of return on shareholders' equity Stocks and resources discussed: Buffettology - Mary Buffett Resmed (ASX: RMD) Boral (ASX: BLD) To keep up to date with the latest in the world of investing, and get tailored articles for the Basics 101 of investing, sign-up to our weekly Thought Starters email. Knowledge is power!
