Learning From “Dangoteism”, From A Trader To A Legend

Bottomline: Legendary investor Warren Buffett is the father of Buffettism. He has built wealth, over the years, through one consistent principle. In Africa, we have our own, Dangoteism, after Aliko Dangote, Nigeria’s business icon, and Africa’s richest citizen. Studying how Buffett accumulates wealth, you will see that Dangoteism shares core elements with Buffettism. Though the applications may be different: one an investor, the other a direct operator, they follow similar constructs. In this piece, I note three attributes, around a fundamental theme which has been consistent in their businesses. So with this investment principle, the constructs of globalization, automation and corporate consolidation…