In 1998, Warren Buffett gave a 1-hour masterclass on how to never lose money investing.
His frameworks:
• The 10% ownership test
• Castle & moat thinking
• Circle of competence
• Why smart people go broke
12 timeless lessons from his masterclass:
1. The 10% ownership test
🇹🇼 Taiwan, with just a 23 million population, overtakes 🇮🇳 India, with a 1.4 billion population, as the 5th largest stock market.
The world’s 10 largest Stock Markets (by total market cap):
1.🇺🇸 USA: $77.95 Trillion
2.🇨🇳 China: $15.61T
3.🇯🇵 Japan: $8.70T
4.🇭🇰 Hong Kong: $7.25T
5.🇹🇼 Taiwan: $4.95T
6.🇮🇳 India: $4.92T
7.🇰🇷 South Korea: $4.54T
8.🇨🇦 Canada: $4.54T
9.🇬🇧 UK: $3.99T
10.🇫🇷 France: $3.50T