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Warren Buffett approved 8 useful investing tips
Warren Buffett, businessman, investor and philanthropist frequently shares tips on successful investment plans.
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Here are some of his essential investment tips that he shared with Bankrate.
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“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”
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“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
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“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
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“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”
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“The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch.”
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“If you like spending six to eight hours per week working on investments, do it. If you don’t, then dollar-cost average into index funds.”
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“You don’t get paid for activity, you only get paid for being right.”
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“At the business school, I tell them that they would all be better off if when they got out of school somebody gave them a card with 20 punches on it and every time they made an investment decision, they used up a punch.”
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