At Berkshire Hathaway's 2012 annual shareholders meeting, Buffett summarized his investment secrets – which made him one of the world's greatest billionaires through value investing – and we have summarized them for you:
"We look for a business we think we can understand, and if the price is attractive, we buy it."
"It doesn't matter what the news says, or what the Fed does, or what happens with elections, or what the situation in Europe is, we just buy."
Buffett, the chairman and CEO of Berkshire Hathaway, tends to make investment decisions only when he can understand the intrinsic value of the asset, the competitive landscape, and the future development direction of the industry – whether he is buying the company's stock or the entire company!
"If we were right about the business, macro factors had no effect," and "if we were wrong about the business, macro factors would not save us."
"We look at values only, and we don't watch the news at all," he said.
"Everyone thinks we sit around and talk about macro factors, but we don't discuss macro factors at all!"
And this shatters many myths from various YouTubers who like to create drama and panic to keep you glued to the screen for a bit more personal traffic for them – examine your investments like Warren Buffett!