‘Warren Buffet’ A Genius Investor
When we talk about Outperformed Investment, we talk about Warren Buffet. He is surely the greatest investor of our generation. For decades, Buffet has been outperforming the market and has been the superstar of Intelligent Investment. He is the second richest man in America, next to Bill Gates. Although super rich, he lives a ‘simple life’ and still drives himself to work every day.
Here are few noteworthy tips from Warrant Buffet that we can learn a lot from.
Rule No. 1: Never lose money
Rule No. 2: Never forget Rule No. 1
Rule No. 3: You do things when the opportunities come along. You might have periods in your life when you would have bundles of ideas come along, and would have long dry spells. If you get an idea, do something. If not, you won’t do a thing.
Rule No. 4: Never invest in a business you can’t understand.
Rule No. 5: It’s far better to buy a wonderful company at a fair price that a fair company at a wonderful price.
Rule No. 6: Only buy something that you’d be perfectly happy to hold even if the market shuts down for 10 years.
Rule No. 7: We simply attempt to be fearful when others are greedy and to be greedy when others are fearful.
Rule No. 8: It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you will drift in that direction.
Rule No. 9: Only when you combine sound intellect with emotional discipline do you get rational behavior.
Rule No. 10: Without passion, you don’t have energy. Without energy, you have nothing. So, be passionate.
Last but not the least; Warren Buffet is a simple and patient man and knows the best time to buy, when no one knows. He knows that it’s futile to spend time in investing in small companies. And most of all, he knows how to learn from others and that makes him what he is known for.