hr: Money

Warren Buffet, has a reputation of being the greatest investor in shares and stocks in the world. And when he makes a comment or a decision about something, the world usually listens. His reputation doesn’t really suffer just because he is the richest man in world according to Forbes in February.

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At Berkshire Hathaway’s annual meeting, he told investors, that the old rates of making money, were long gone, and that he had gotten used to making money at a slower rate, and advised others to do so as well. He also said that Hathaway, of which he is the CEO, and largest shareholder was an attractive investment option, though not the best.

He was also looking to hedge his bets against what he feels are dollar weakening policies by acquiring stake in companies that earned in other currencies like the Euro.

Buffet had become famous for espousing what was called Value Investing, which meant that the best stocks to buy, were those that were undervalued by the market, and should have been higher according to it’s fundamental analysis. His advice to those who don’t invest directly, is to buy a selection of stocks across the portfolio from a good firm, and then forget about it. He said that with such a strategy, he would be confident of performing very well indeed.

When asked about where the economy was headed, Buffet said that he has no idea, and doesn’t care.