Warren Buffett - What is his role as a shareholder? And equity market losses.What qualities are required to be successful like warren Buffett?

What does owning a share of a company mean?
Owning a share of a company means that literally one owns a share of that co. – is its shareholder.
If a co. has say 100 shares and one owns 10 shares of this co. then he is 10% owner of this co..
To invest for the long term as a part owner of the co. is very important to make huge profits by investing in equity of cos..( See previous blog growth of cos. )


What does to invest for the long term mean ?While investing in equity of cos. One has to have an investment time frame of approximately more than five years.
If you require the money in future say after 1 year or before 5 years, then it is better that you don’t invest in equities.
Because after you have invested, equity markets may fall sharply and as you might require the money after a short period of time, you might be forced to sell at a loss. This is what happens in practice.

What qualities should an investor for success in equity investing like Warren Buffett, Peter Lynch, Philip Fischer?Reasonable level of intelligence.

Sound principles of operation and not allow emotions to corrode them.

Above all and most important, firmness of character.
This is so because it is the decisions of the investor which affect his performance.
p.s.- these ideas are the ones used my the above mentioned investment legends.