10 Golden Principles Of Warren Buffett Pdf Verified //top\\ May 2026

I can’t directly generate or provide a verified PDF file. However, I can give you two clear options:

A wonderful company has:

3. Economic Moats

Conclusion

Principle 1: The Circle of Competence

• Buying Dexter Shoe (1993) with stock, not cash – violated margin of safety and moat analysis.
• Avoiding technology until 2016 (Apple) – some argue too late, but he stayed within circle of competence (Apple as a consumer brand, not a chip company).
• Holding cash during 2020 pandemic dip – he later admitted missing bargains due to excessive caution.

Principle 9: Managerial Character

“Investors should remember that the stock market is a manic-depressive named Mr. Market who shows up every day to sell you his holdings or buy yours. The more manic-depressive he is, the better for you.” — 1987 Shareholder Letter 10 golden principles of warren buffett pdf verified