Warren Buffett's approach to beating the market is simple: do nothing. Hold 20 to 40 stocks at 5% to 2.5% each and ignore the headlines. Low turnover, long term, no panic.
That's a lot simpler because guess what? Like Warren Buffett, we end up doing nothing every day other than watch the sound of screaming headlines going past our heads. And that's how it should be. It should be like that. It shouldn't be just all panic-driven. Um, Sean, between 20 to 40 stocks in a typical portfolio I'll have. Okay, so between 5% to 2.5% in each.
