Course 506: Great Investors: Warren Buffett
The Bottom Line
In this course
1 Introduction
2 Determining Fair Value
3 Understanding Your Circle of Competence
4 Sustainable Competitive Advantages
5 Partnering with Admirable Managers
6 An Approach to Market Prices
7 Requiring a Margin of Safety
8 Concentrating on Your Best Ideas
9 The Bottom Line

Buffett's thinking permeates Morningstar's philosophy and valuation framework. We fully believe that you can greatly boost your investment returns if you invest like Buffett. This means staying within your circle of competence, focusing on companies with wide economic moats, paying attention to company valuation and not market prices, and finally requiring a margin of safety before buying.

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