In one of my earlier articles I had mentioned that I had started the excercise of reading one Berkshire Hathaway (BRK.A)(BRK.B) shareholder letter each day. So while reading these letters there is one concept that I've been coming across often and that is the concept of "owner-oriented thinking."

I think Buffett puts tremendous importance to this concept.

In this article I'll be sharing my three learnings about owner-oriented thinking:

1. Where all does Buffett apply owner-oriented thinking. 2. How do we gain an owner-oriented mindset. 3. Why we need to have an owner-oriented mindset and what is its use.

1. Where does Buffett apply owner oriented thinking?

Shareholders

Buffett in his letters mentions that they want shareholders with an owner-oriented mentality that is they should think of the investment as a business and not a piece of paper. Even when they own a small portion of the outstanding business they should think and behave as the full owners of the business would.

This idea makes so much sense to me because when I had invested a portion of my portfolio in one of the retail companies, I used to feel very happy whenever they would open a new store. I used to go every weekend to see if the shop was full. When I saw the store crowded I used to feel happy, and whenever there were few people I used to wonder what was happening.

If it was not for Buffett and Peter Lynch I probably would not have thought about investments in this way.

See the original post here:
How to Gain an Owner-Oriented Mindset Like Buffett