Warren Buffett, aka the Oracle of Omaha, one of the most recognized and most successful investors of all time, has made billions of dollars in his lifetime for Berkshire Hathaway (NYSE: BRK.A, BRK.B) shareholders…and himself.
But Buffett isn’t some macho hedge-fund big shot taking huge gambles that make (and lose) fortunes overnight. He has reaped billions by making a lot of smart bets over the years. His success hinges on three characteristics: patience, discipline, and risk aversion. Let’s take a look at those three keys to success, one by one.
This post originally appeared at Investing Daily.