Why you should be as boring as Buffett

Investors across the world are tearing their hair out and panicking as markets reel from one crisis to the next. But legendary investor Warren Buffett is in the mood to buy. We reveal some of the 'boring' stocks he's been favouring.

Investors across the globe are tearing their hair out and panicking as markets reel from one crisis to the next. But legendary investor Warren Buffett, whose Berkshire Hathaway fund has, on average, beaten the S&P 500 by 14.65% over the past 30 years or so, is in the mood to buy. He hit the headlines recently due to an audacious offer to reinsure up to $800bn in municipal bonds for troubled monoline insurers. But he's been snapping up other, more accessible investments on the side.

Before we get to those, let's take a look at how Buffett operates. What's his success down to? Well, as the Evening Standard's Anthony Hilton says, it's a testament to the "long-run triumph of the boring". Buffett spurns "the new, the fashionable, the revolutionary and anything promising transformational change". He sat out the dotcom boom at the end of the 1990s, believing that new, fast-growing industries attract so many new entrants that picking the wheat from the chaff is more a matter of luck than judgement.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.