What are the lesson of Warren Buffet

World 3rd richest man and money into investor WARREN BUFFET teaches some money lessons
- It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently
- 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.
- Be fearful when others are greedy. Be greedy when others are fearful.
- . It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
- Rule 1: Never lose money. Rule 2: Never forget rule #1
- The difference between successful people and really successful people is that really successful people say no to almost everything.
- Passive investing will make you more money than active trading
- Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
- 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.
- You only have to do a very few things right in your life so long as you don’t do too many things wrong.
- If past history was all there was to the game, the richest people would be librarians.
- . 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.
- Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.
- Buy into a company because you want to own it, not because you want the stock to go up.
- 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.
- . I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
- We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
- When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
- Tell me who your heroes are and I’ll tell you who you’ll turn out to be.
- We have long felt that the only value of stock forecasters is to make fortune-tellers look good.