Investment Education
Buffett Investment Framework
Evaluate businesses, estimate intrinsic value, and invest with a margin of safety.
1. Circle of Competence
Invest only in what you understand deeply.
2. Economic Moat
Seek durable competitive advantages.
3. Financial Analysis
Focus on owner earnings and free cash flow.
4. Management
Owner-oriented, candid, rational leaders.
5. Intrinsic Value
Present value of future owner cash flows.
6. Margin of Safety
Buy below conservative fair value.
7. Position Sizing
Concentrate in best ideas, diversify sensibly.
8. Long-Term Discipline
Let compounding work; avoid noise.