World 3rd richest man and money into investor WARREN BUFFET teaches some money lessons

1. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently
2.  If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.
3. Be fearful when others are greedy. Be greedy when others are fearful.
4. . It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
5. Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
6. Rule 1: Never lose money. Rule 2: Never forget rule #1
7. The difference between successful people and really successful people is that really successful people say no to almost everything.
8. Passive investing will make you more money than active trading
9. Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
10. It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
11.  You only have to do a very few things right in your life so long as you don’t do too many things wrong.
12. If past history was all there was to the game, the richest people would be librarians.
13. . It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
14.  Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.
15. Buy into a company because you want to own it, not because you want the stock to go up.
16. You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
17. . I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
18. We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
19.  When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
20. Tell me who your heroes are and I’ll tell you who you’ll turn out to be.
21.  We have long felt that the only value of stock forecasters is to make fortune-tellers look good.