Don't be a copycat of Buffett ?

This article shares what happens if you are fund manager and you copy the way Warren Buffett invests in companies such as IBM, Coco-Cola and Tesco.

Lesson #1: Unless you have a few billion dollars to spare, it's also good to heed this warning:

"For the world's third richest man, unrealized losses of a few billion dollars aren't necessarily anything to cry about.

Buffett's ability to sit tight and ride out short-term market gyrations has been one of the keys to his success as a long-term investor. And unlike, say, mutual fund managers, he doesn't have to worry about redemptions forcing him to sell stock."

Buffett's preferred holding time of forever is well known, with the so-called Oracle of Omaha an advocate of buy-and-hold strategies for everyone from himself through Mom-and-Pop retail investors. - See more at: http://www.themalaysianinsider.com/business/article/buffett-copycats-risk-a-beating-as-berkshire-portfolio-suffers#sthash.U69lBWwf.dpuf

Lesson #2: Also, never panic sell:

"Buffett's preferred holding time of forever is well known, with the so-called Oracle of Omaha an advocate of buy-and-hold strategies for everyone from himself through Mom-and-Pop retail investors."

Lesson #3: And have courage when everyone else is running away:

"Tumbling markets can be helpful to the investor if he has cash available when prices get far out of line with values," he wrote in his annual letter to shareholders this year. "A climate of fear is your friend when investing; a euphoric world is your enemy.

Lesson #4 :It's always easier said than done :)

For the world's third richest man, unrealized losses of a few billion dollars aren't necessarily anything to cry about.
Buffett's ability to sit tight and ride out short-term market gyrations has been one of the keys to his success as a long-term investor. And unlike, say, mutual fund managers, he doesn't have to worry about redemptions forcing him to sell stock.
- See more at: http://www.themalaysianinsider.com/business/article/buffett-copycats-risk-a-beating-as-berkshire-portfolio-suffers#sthash.U69lBWwf.dpuf

For the world's third richest man, unrealized losses of a few billion dollars aren't necessarily anything to cry about.
Buffett's ability to sit tight and ride out short-term market gyrations has been one of the keys to his success as a long-term investor. And unlike, say, mutual fund managers, he doesn't have to worry about redemptions forcing him to sell stock.
- See more at: http://www.themalaysianinsider.com/business/article/buffett-copycats-risk-a-beating-as-berkshire-portfolio-suffers#sthash.U69lBWwf.dpuf

For the world's third richest man, unrealized losses of a few billion dollars aren't necessarily anything to cry about.
Buffett's ability to sit tight and ride out short-term market gyrations has been one of the keys to his success as a long-term investor. And unlike, say, mutual fund managers, he doesn't have to worry about redemptions forcing him to sell stock.
- See more at: http://www.themalaysianinsider.com/business/article/buffett-copycats-risk-a-beating-as-berkshire-portfolio-suffers#sthash.U69lBWwf.dpuf