- Benjamin Graham distinguishes investors into Defensive or Aggressive Investors
- If you are an active investor, look at as many things as possible
- You will find some bargains within them.
- When you find a bargain, you need to act.
- Start turning pages. Moody's 10,000 pages, twice!
- You need to find these bargains yourself.
- The world is not going to tell you about a great deal.
- This will take a bit of time.
- Those unwilling or are passive investors, should invest in index funds consistently over time.
- The worst investment in the world is cash.
- Cash is going to be worth less overtime, unlike good businesses.
- Good businesses are going to be worth more over time.
- You do not want to pay too much for them, so you must maintain some discipline on how much you pay for them.
- Find good businesses and stick with them.
- Keep enough cash to feel comfortable and to sleep well; so no one can determine your future.
- Cash is a bad investment over time.
- Financial panic is behind us. The economic pain is still with us.
- It will end and won't go on forever. It may end next month or next year.
- It won't go on forever; don't try to pick the bottom.
- The bottom hasn't come in unemployment, in business but has come in stock.
- Don't pass out on something you find attractive today because you hope to find something way more attractive tomorrow.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
Saturday 12 November 2016
Warren Buffett: How the Average People Can Invest
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