When Others Are Greedy: How to Implement Buffett's Playbook in Your Own Personal Portfolio

"Many investors may wonder if Warren Buffett is an alien from another planet, someone with a time machine or a crystal ball, or has found a way to conjure up some black magic to dominate the markets for such a long period of time. He's known as the "Oracle of Omaha" for a reason, with an incredible and innate ability to pick stocks that can outperform the market for long periods of time. But perhaps most importantly (and impressively), he's showcased some of the most notable patience among big money managers in the market, holding onto such positions as they soar rather than taking profits."

"Now 95 and set to hand the reins to Berkshire Hathaway ( NYSE:BRK-B) to Greg Abel in less than a month, he'll be passing the torch to a team he's been crafting and teaching for decades. For long-term investors who have relied on Buffett and his wisdom in picking stocks, they'll now be forced into a position where they'll be questioning whether Buffett is as good a teacher as he's been a lifelong investor."

"Buffett's buys and sells on a quarterly basis, made public via closely-watched 13-F filings, tell a story that's perhaps more revealing than the rhetoric Buffett espouses in his annual letters or during interviews. And while his recent commentary on the market is what I'd call revealing, it's what he chooses to do each and every quarter I think is more interesting to watch."

Warren Buffett demonstrates extraordinary long-term stock-picking ability and notable patience, often holding positions through major gains rather than taking profits. He remains a dominant figure in value investing and market psychology, emphasizing contrarian principles: be fearful when others are greedy and greedy when others are fearful. Buffett is 95 and preparing to transfer leadership of Berkshire Hathaway to Greg Abel after decades of mentorship and team-building. Quarterly 13-F filings provide a revealing window into his portfolio decisions, which recently included unloading large stakes in Apple and Bank of America and choosing to park billions.

Read at 24/7 Wall St.