Dr. Harold Wong
According to a recent Forbes magazine ranking of the world’s billionaires, Warren Buffet is ranked number 6 with $117.4 billion net worth. He has many famous rules about money, and this article will share his #1 Rule and how it has guided his investment philosophy for over 50 years.
Rule #1: Never Lose Money, and Rule #2: Don’t Forget Rule #1
Buffett does not frantically trade stocks, bonds, and Wall Street securities like virtually all the mutual funds or managed accounts offered by Wall Street. Instead, Buffett buys the entire company or a controlling interest in the company. He buys companies that have strong management, a proven track record, and have a defensive moat against competition.
Example: If you Google “Marubeni and Wikipedia,” you’ll find an example of an extremely niche investment that Buffett recently made. Marubeni owns PLM Leasing, which is the largest leasing company of refrigerated trailers in America. Due to the tsunami in Japan and the March 11, 2011, Fukushima Daiichi Nuclear Power Plant disaster, Marubeni decided to change the direction of one of its main lines of business.
Instead of building fossil fuel coal and natural gas plants across the world, it decided to go 100% into renewable energy. It’s attempting to buy into a company that the State of California claims has invented the only zero-emission technology that is commercially viable. Buffett’s Berkshire Hathaway acquired over 5% of the stock in this Japanese company, along with four other Japanese trading houses, over the 12-month period ending in August, 2020.
According to a June 19, 2023, Reuters article, this is the largest of any Berkshire-held public stocks outside of the United States. The stocks are all up more than 30% this year, with Marubeni shares up 62%. The stock has more than tripled in price since the end of 2020. Berkshire now owns 8.3% of Marubeni.
Learn about the company the California government says has invented the only zero-emission technology that is commercially viable. This technology has been tested 8-10 million miles on the road over the last 8-10 years, and it works!
Attend My Free Live Seminars: Thursday, Sept. 21, at 6 p.m. and Saturday, Sept. 23, at 10 a.m. at Hyatt Place, 3535 W. Chandler Blvd., Chandler, AZ 85226. The seminars are followed by a Free catered meal. The topic is “Secure Your Financial Future: Lessons from Warren Buffett!”
Free Tour/Workshop at Solar Reefer (Refrigeration) Factory: Saturday, Sept. 30, from 9 a.m. to noon. The topic is “How Solar Reefers Can Reduce Taxes to $0 and Earn a Steady 10-14%!” Lots of tasty refreshments served!
The location is at Advanced Energy Machines, 4245 E. Norcroft Street, Mesa, AZ 85215, one-quarter mile southwest of McDowell and Greenfield Roads.
To RSVP for the seminars or schedule a free consultation, please contact Dr. Harold Wong at 480-706-0177 or [email protected]. His website is www.drharoldwong.com.
Dr. Wong earned his Ph.D. in Economics at University of California/Berkeley and has appeared on over 400 TV/radio programs.