🚨 THIS IS HOW WARREN BUFFETT TURNED $10K INTO $15M In the investment journey, the initial Capital accumulation phase is always the most difficult. This isn't because of a lack of opportunities, but because of a lack of experience and a sufficiently strong mindset to go the distance. In a rare 1988 interview on Adam Smith's Money World, Warren Buffett candidly Chia his investment methods and how he turned $10,000 into $15 million. Even though nearly 40 years have passed, what he said remains true today. You can save this to XEM later. Or read it to grasp the main points Buffett wants to Chia 👇

🔻 First: Buy the business, not the shares. Only invest when you understand how the business will generate revenue over the next 10–20 years. + If you can't visualize the future cash flow, skip it immediately, even if there's a lot of FOMO (fear of missing out). 🔻 Secondly: The price must be genuinely cheap, not just give the impression of being cheap. Buffett's biggest deals all happened during pessimistic market conditions, when prices were selling below their true value. Opportunities like that are rare, so the important thing isn't to trade constantly, but to wait for the right moment. 🔻 Third: Patience is your greatest advantage. + Everyone probably knows this philosophy, but very few people can put it into practice because they lack patience. + People Capital prefer quick wins to getting rich slowly. Therefore, his investment strategy is simply "focus on the long term, not the short term." Fourth: Don't let the market manipulate your emotions. If you panic when a stock drops 10%, it means you believe the market understands the business better than you do. According to Buffett, if the business is still doing well, a price drop is just an opportunity to buy more – not a reason to sell.

The ease with which Buffett can turn $10,000 into $15,000 isn't because he's smarter than others. But that's because he doesn't do the things that cause most investors to lose: impatience, FOMO, constantly changing trades, and letting emotions guide their decisions. What Buffett does best isn't picking stocks, but controlling his own behavior for decades at a time. And that is why the Chia shared from 1988 to the present day remain just as valuable.