|
1.)
Pause to consider financial choices available. |
|
2.)
Invest in the greatest capitalistic experiment in
history. (Consider the USA in 1956 where stock
markets had just overcome the stigma levels of the
pre-Great depression era.) |
|
3.)
Invest at the beginning of the greatest period of
economic expansion in the history of man. (Consider
the latter half of the 20th century.) |
|
4.)
Select a few well-managed corporations using
strictly controlled and proper financial methods and
operating in that nation at that period to provide
consumer products to a growing, positively-oriented
populace. |
|
5.)
Invest rational amounts of capital in some of these
corporations as opportunities appear. |
|
6.)
Select additional high quality, well-managed US
corporations that meet the criteria. |
|
7.)
Invest rational portions of capital in some of these
corporations as opportunities appear. |
|
8.)
Acquire control of a company having a strong cash
flow and meeting quality criteria. |
|
9.)
Utilize your acquired company as a ongoing provider
of fresh capital to invest further in current and
new holdings. |
|
8.)
Hold all financial instruments except in those
corporations that appear to be long-term failures. |
|
9.)
Never split the stock of the base corporation that
you control. |
|
10.)
Always quietly promote your holdings to your
shareholders as top-notch, long-term investments. |
|
|
This
plan works. Within a quarter century, you will be a
very, very wealthy man. Just look at Warren Buffett. |
|
Adore
few stars and respect some thinkers. |
|
|
Since
this is not a year similar to 1956, and since the US
economy is in relative decline, it will be difficult
-- but not impossible -- to amass a fortune using
wisdom, time, and frequent pauses. |
|
|
NOTE
on corporate quality: Only management
need be high quality. The best long-term investments
are in companies providing reasonable quality
products that appeal to large masses of people --
potential customers. |
