10 Investments insights which I needed to learn the hard way.
1. "The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett
Always be patient. Investing is a marathon, not a sprint.
1. "The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett
Always be patient. Investing is a marathon, not a sprint.
2. "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett
Good investing is about good risk management first and maximizing returns second.
Good investing is about good risk management first and maximizing returns second.
3. "The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton
History doesn't repeat itself, but it often rhymes.
History doesn't repeat itself, but it often rhymes.
4. "The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Focus on the intrinsic value. Not on the stock price.
Focus on the intrinsic value. Not on the stock price.
5. "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
The best moment to buy stocks is when everybody is fearful.
The best moment to buy stocks is when everybody is fearful.
6. ""How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." β Robert G. Allen
In the long term, stocks are the best investment.
In the long term, stocks are the best investment.
7. βOwning great companies, and not trying to predict the stock market is the key to beating the index over the long run." - Francois Rochon
Trying to time the market is a fools game.
Trying to time the market is a fools game.
8. "The difference between successful people and really successful people is that really successful people say no to almost everything." - Warren Buffett
When looking at a stock, try to say no as quick as possible. There are only a few great listed companies in the world.
When looking at a stock, try to say no as quick as possible. There are only a few great listed companies in the world.
9. "It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for." - Robert Kiyosaki
If you're not making money while you sleep, you'll work until you die.
If you're not making money while you sleep, you'll work until you die.
10. "The best investment you can make is in yourself." - Warren Buffett
Try to go to bed each day a little wiser than the day before.
Try to go to bed each day a little wiser than the day before.
That's it for today.
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