I always knew, what will i rich, did not doubt it for a minute.
Rule one: never lose money. Second rule: never forget rule one.
Buy only that, what will you be glad to have, if the market closes for ten years.
Never invest in business, in which you don't understand anything.
There are many different things, which I do not understand. But this is not a reason, to stay up at night. It just means, that the next day I will try myself in another business. This is what, what every investor should follow.
You won't succeed in investing, if you don't think independently. Are you right or wrong not because, that people agree or disagree with you. You are right then, when relying on the right facts or arguments.
Better to buy an amazing company at a decent price, than a decent company at an amazing price.
Optimism is the enemy of the judicious buyer.
A common reason for low prices is pessimism. We do not do business in such an environment because of pessimism itself.. We just like the prices, which it forms.
Successful investment opportunities appear, when prosperous companies unexpectedly find themselves in difficult situations, which leads to a drop in the value of their shares.
We don't care about the market downturn. For us and our investors in the long term, this is an opportunity to buy successful companies with excellent management at low prices.
Short term predictions - poison. They need to be kept closed in a safe place., away from children, as well as from adults, who behave like children in the market.
Remember: the stock market is insane.
You should not enter the stock market until then., until you can watch your stock drop by 50% don't panic.
You can make great strides in inaction.. Many investors cannot resist the urge to constantly buy and sell.
