Tips From Warren Buffett

Just in the extremely rare case you haven't heard before of Warren Buffett, Buffett (full name: Warren Edward Buffett) is an American business magnate, investor and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the primary shareholder, chairman and CEO of Berkshire Hathaway and consistently ranked among the world's wealthiest people.
Check out below some useful tips from Warren Buffett... 
 

1. Spend wisely.

2. No one cares about your money as much as you do.

3. Do your homework - Scan thousands of stocks.

4. Overcome your fear of risk.

5. Focus on the long term.

6. Invest in quality business.

7. Hunt for exceptional bargains for solid companies.

8. Make decisions to invest based on how well money is being used by company management.

9. Be patient. Wait until every thing is in your favor to interest.

10. In bad times, hold on. A quality stock should recover and you won't have to regret selling prematurely.

11. Reinvest your profits.

12. Be willing to be different.

13. Watch small expenses.

14. Be persistent.

15. Know when to quit.

16. Access the risk.

17. Know what success really means.

18. Know the other guy's income.


19. Start discussing money from the beginning.

20. Use ranges to qualify and disqualify.

21. Don't negotiate until it's time.

22. Live a very modest life. Always avoid lavish spending.


23. Avoid being a compulsive buyer and seller of stocks.

24. Do not buy stocks what everyone else is buying.

25. Buy stocks of companies which has simple products and services.

26. Use your own method to evaluate value of stocks.

27. Always buy undervalued stocks.

28. Buy stocks of companies doing monopoly business.

29. Only confused people diversify their investments.

30. Never depend on a single income. Make investments to create a second source.



31. If you buy things you do not need, soon you will have to sell things you need.

32. Do not save what is left after spending, spend what is left after saving.

33. Never test the depths of the river with both of your feet.


34. Honesty is a very expensive gift. Do not expect it from cheap people.

35. Buy stock to hold it for life.

36. Do not do investment to make money, instead invest your money with the objective of generating more and more assets.



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