Want to invest like The Greats?

Take a look at the strategies these big guys used to earn their names:

Warren Buffet

Warren Buffet is considered a value investor. Essentially, he selects stocks that are priced at a significant discount to what he believes is their intrinsic value. When Buffett buys stocks, he buys them for keeps. This requires a lot of discipline: it’s hard to resist buying or selling when the market seems perfectly ripe to act.

Buffet views the stock market as temperamental. He doesn’t panic when stocks plummet, or celebrate when they skyrocket. Instead, the Oracle of Omaha maintains the “keep calm and carry on” mantra, only buying stocks he intends to hold indefinitely, if not forever.

Peter Lynch

Lynch is also a   value investor   who stresses   fundamental analysis . Lynch’s bottom-up approach involves focusing on an individual company, rather than the entire industry or the market as a whole. The idea here is that what really matters is the quality and growth potential of a specific company, regardless of whether the industry is under-performing or even in a tailspin.

Here are 3 additional Lynch stresses when looking at a company from the bottom up:

• Good research pays off
• Shut out market noise
• Invest for the long term

Philip Fisher

Philip Fisher was a growth investor. He consistently invested in well-managed, high-quality growth companies. He would hold on to these for the long term. His famous "fifteen points to look for in a common stock" were divided up into two categories: management's qualities and the characteristics of the business itself.

When Fisher found an investment he liked, he wasn’t afraid to take an outsized position of the stock within his portfolio. In fact, Fisher sometimes downplayed the value of diversification. He often found himself scouring the tech sector because the pace of change there creates an environment that is ripe for disruptive innovations.