Date of Award
Spring 2005
Document Type
Legacy Thesis
Degree Name
Bachelor of Science (BS)
Department
Finance and Economics
College
College of Business
First Advisor
Gerald Boyles
Abstract/Description
The growing field of behavioral finance evaluates the behavior of financial decision makers, within both the stock market and the corporate settings. This author, after researching the investment methodology of Warren Buffett believes that patience and fortitude are necessary behavioral components of a successful investment strategy. To test this hypothesis, this author has evaluated mutual fund data from Morningstar Principia Mutual Funds to determine if greater patience, as measured by lower fund turnover, and greater fortitude, as measured by a lower number of funds in the portfolio and a higher standard deviation, lead to higher returns.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Miller, Matthew S., "The Warren Buffett Methodology: Are Patience and Fortitude Determinants of Success?" (2005). Honors Theses. 255.
https://digitalcommons.coastal.edu/honors-theses/255