Warren Buffett tripled his money in 2 years on his first American Express investment.

Here's his 5-step framework:

1. Have the business on your radar & understand it thoroughly
2. Wait for an event to happen that crashes the stock price (Salad Oil Scandal)
3. Stock dropped 50%
4. Buffett did his DD and spoke to businesses and consumers to find out if they were still using AMEX after the scandal. Nothing changed
5. He bought tonnes of it. Tripled the investment in 2 years.

Great synopsis, and I love studying history. We can learn a lot from the past and studying Buffett's investments offers a ton of great insights. Thanks for sharing 🙂

Dave Ahern

Buffett's framework for his initial AMEX Investment

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