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How to Invest Like Warren Buffett

Here's the recipe that one of the greatest investors uses to pick stocks.

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Undoubtedly one of the most-respected investors ever, Warren Buffett's recipe for success is simple. It boils down to:

1) Buy businesses, not stocks. In other words, think like a business owner, not someone who owns a piece of paper (or these days, a digital trade confirmation).

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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.