House Prices

Where Buffet and Soros meet

Warren Buffett and George Soros are the world's most successful investors but with totally different investment methods what could they possibly have in common that average punters might learn from?

Friday, July 16th 2004

Buffett, a midwest American, has made more than $US30 billion with his Berkshire Hathaway Group by buying businesses for far less than he considered they were worth and $US1000 invested with him in 1956 would have now grown to almost $US26 million on annual compounded interest of 24.7%.

Meanwhile, Soros, a Hungarian Jew, has made huge leveraged trades on the currency and futures markets through his Quantum Funds to amass $US7 billion and $US1000 with him in 1969 would now be worth more than $5 million on 28.6% annual compounded interest. Similar investments in the Standard & Poor's index would have yielded less than $US75,000.

Hong Kong-based Australian investment analyst-adviser Mark Tier has long pondered the secrets of the super-investors and found that rather than differing in their approach, Soros, Buffett and other big winners shared many similarities in their approach to making money. He lists these in his new book The Winning Investment Habits of Warren Buffett and George Soros (Inverse, through Addenda, $39.95), due in stores this week.

"I looked at their mental strategies and processes for making investments and analysed and tested them by applying them to other successful investors," Tier said. "And my own results improved dramatically when I changed my own behaviour by adopting these winning habits so my personal stock market investments have risen an average of 24.4% a year compared to the S&P, which went up only 2.3% a year. Applying the right mental habits can make the difference between success and failure in anything you do."

Read More - Opens in a new window
Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Interest rate expectations: It’s not over yet

Thursday, March 07th 2024

Interest rate expectations: It’s not over yet

Most Kiwis think interest rate increases have peaked.