Image by Aaron Friedman via Flickr
There is one key difference between you and Warren Buffett. Mr Buffett does a thorough analysis of the businesses he buys into. He makes sure that he buys them at very reasonable valuations. He meets the management to figure out whether it is honest and capable. You too may try to do all of these. But there is one thing you cannot even try to replicate. Unlike Mr. Buffett you cannot buy large stakes in the companies.