Warren Buffett breaks down how he would invest if he had to start again with $1 million

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If Warren Buffett woke up tomorrow with $1 million, no reputation, and a clean slate, how would he start?

The answer isn’t glamorous. It’s not about chasing trends, following the crowd, or betting on the next big thing. Buffett would stick to what he’s always done best: going back to basics, focusing on value, and putting in the work.

Here’s how the Oracle of Omaha would tackle the challenge:

1. Read Everything and Leave No Stone Unturned 

Buffett would start by diving into the numbers, just like he did in his early years. Back then, he combed through Moody’s manuals, analyzing thousands of companies to find hidden gems. Most people would find this tedious—he found it thrilling.

In Buffett’s own words, “With $1 million, you could earn 50% a year if you’re willing to put in the effort.” The edge isn’t in complexity; it’s in being willing to go where others won’t.

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2. Start Small and Niche Down 

Smaller sums open doors to opportunities larger funds can’t touch. Buffett would look for under-the-radar investments—tiny companies that are ignored by Wall Street but offer outsized returns for those who understand their value.

3. Play the Long Game 

Buffett’s strategy has always been about patience. He wouldn’t rush into trades or gamble for quick wins. Instead, he’d wait for the right opportunities—those rare moments when value and price align perfectly.

4. Love the Game, Not Just the Money 

At the core of Buffett’s philosophy is his passion for the process. It’s never been just about making money. It’s about loving the hunt—finding opportunities, learning, and playing the game of investing better than anyone else.

5. Stick to What You Know 

Buffett has always believed in investing within your circle of competence. Starting over, he’d focus on industries and businesses he could deeply understand. It’s not about knowing everything; it’s about knowing what you know better than anyone else.

In the end, Buffett’s approach is timeless:

- Hard work beats shortcuts. 

- Knowledge compounds. 

- Patience pays off. 

Whether you’re starting with $1 million or $1,000, Buffett’s advice is the same: focus, learn, and let your passion for the game guide you.