Buffett's investing philosophy is simple but not easy.

The thrill of investing in common stocks.

It is the fun of making money and watching it grow.

In the long run, rewards from playing the game of investing are large.

With some effort, you can also outperform the professional mutual fund managers and the market as a whole.

Buffett's investing philosophy is simple but not easy.

It is simple in the sense that all you need to do is to identify outstanding businesses that are run by competent and honest managers and whose common stock is selling at a reasonable price.

But how do you do that?