Eddie Patel, President
Action Investment Services, Inc.

Warren Buffett Is a Better Investor than You

The headline here isn't newsworthy. We know Warren Buffett is a better investor than the rest of us. His incredible long-term track record at Berkshire Hathaway, and his avoidance of both the 2000 tech meltdown and the current subprime crisis, prove that.

The question is: Why?

And, perhaps, "how?" - There's one person in this world well-equipped to answer that question: Buffett's longtime friend and business partner Charlie Munger. Happily for us, Charlie likes to talk -- and he addressed this very question last year.

Munger's remarks at last year's Wesco Financial annual meeting are wide-ranging and worth reading in their entirety. But boiled down, Munger gave seven reasons why Buffett is a better investor than you:

1. He's smart, and he puts his intelligence to good use.
2. He has an unflagging interest in investing.
3. He started learning about investing early, when he was 10.
4. He's a "good learning machine," and he keeps on learning.
5. He has enormous experience in the subject and practices daily.
6. He's been rewarded for being a good investor.
7. He's objective.

If there's a common thread tying these factors together, it's that Buffett (who does happen to be smart) found something he liked and has worked at it every day for a very long time. So if you want to be like Buffett -- though you may never approach his $62 billion fortune -- start now, practice investing daily, and be objective in your decision-making.

If you want to read more articles like the one above, visit www.fool.com

Warren Buffett is noted for investing in concepts that I discuss on the Safe Money & Retirement Show. To find out what Mr. Buffett is doing and to learn how we help you execute his strategies, contact us today