Billionaire investing legend Warren Buffett will hold court for hours at the Berkshire Hathaway (BRK-A, BRK-B) shareholder meeting streamed live on Yahoo Finance on Saturday, answering dozens of questions from attendees watching virtually around the world.
Some of those questions will likely boil down to the same query: How do I invest as well as you do?
In a new interview, Robert Hagstrom — portfolio manager and author of many books on Buffett, including "Warren Buffett: Inside the Ultimate Money Mind" — says Buffett's investing success owes to his possession of two inextricably linked attributes: philosophy and method.
Buffett has enjoyed consistently strong returns over the decades because he combines a flexible method that responds to the market and a bedrock philosophy that grounds each of his decisions, said Hagstrom, the Chief Investment Officer and Senior Portfolio Manager at Equity Compass.
"Investing is really two distinct classes," Hagstrom says. "It is a philosophical bucket — that thinking bucket that then connects to the method."