Thursday, May 10, 2012

Five Money and Investing Lessons From Warren Buffet

Five Money and Investing Lessons From Warren Buffet: "He is a self made billionaire who started in business with coin operated pinball machines. Warren Buffet was once the richest person in the world and we would be wise to follow his investment advice. He has made a career of going against conventional wisdom.

The number one rule on investing to learn from Buffet is to buy value. He looks at purchasing stocks in the same way that we might look at shopping on black Friday. Find the absolute best bargain. He will only buy if he feels the stock is priced right and the company offers real value.

His number two rule of investing is to invest for the long haul. Warren Buffet is not one of the takeover specialists who is looking to break up a company and sell off the assets. He buys companies that have well known products and good track records. Examples of firms that Buffet has invested his money in are Harley Davidson and General Electric."

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