(a) Warren Buffet managed to get significant leverage due to his buying a insurance company at an early age in his career and he is known for investing the float generated by his insurance business which gives him tremendous leverage.
(b) One is able to avoid a large amount of taxes by holding stocks for long term and we all know that taxes are a drag on an individual returns. One is getting the compounding effect when one is able to avoid the taxes honestly.
2. Thus from Warren Buffet atleast we can learn that Long term investment will always bring happiness and money in the folds of an investor.
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