Learning from Stalwart
Learning from Stalwart can provide path for economic stability & growth.
Warren Buffett, an American business magnate, investor, speaker and philanthropist, believed in certain principals on how to manage, maintain & excel in his ventures. He believed in The Power Of Compounding - have patience & wait for investments/ventures to multiply itself, Cigar Butt Approach - benefit from tumble business having great potential for revival, Circle Of Competence - work/invest with/in people in areas they know the best, Moats - ability to maintain competitive advantage over its competitors, Focus - prioritize & work on the all things with #dedication, Float - making your funds work for you until it is repaid….
We must consider the above principals while evaluating any proposition to invest or lend as part of the diligence process before taking any decision. Business analysis based on the traditional approach of lending would mitigate most of the risk; however, incorporating above mentioned strategies, values, and principles can be used to help make good investment decisions and would ensure stability & good returns to investor or lender.