Hailed as the world's most sucessful stock market investor, Warren Buffet was ranked richest American in a list compiled by Forbes in 1993.
His track record in accumulating wealth through sucessful stock market investment is nonpareil. In 1956, he commenced his investment partnership with $10,000; in 2005 his net worth was estimated $44 billion.
Here are some valuable and golden quotes from him:
1. A Public-opinion poll is no subsititute for thought.
2. I don't look to jump over 7-foot basis: I look around for 1-foot bars that I can step over.
3. I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen if for five years.
4. If a business does well, the stock eventually follows.
5.It's far better to buy a wonderful company at a fair price than a fair company at wonderful price.
6. Look at market flcutuations as your friend rather than your enemy; profit from folly rather than participate in it.
7.Never invest in a business you cannot understand.
8.Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
9.Price is what you pay. Value is what you get.
10.Risk comes from not knowing what you're doing.
11. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
12 We enjoy the process far more than the proceeds.
13. Wide diversification is only required when investors do not understand what they are doing.
14. The investor of today does not profit from yesterday's growth.
Regards,
Luckytrader
His track record in accumulating wealth through sucessful stock market investment is nonpareil. In 1956, he commenced his investment partnership with $10,000; in 2005 his net worth was estimated $44 billion.
Here are some valuable and golden quotes from him:
1. A Public-opinion poll is no subsititute for thought.
2. I don't look to jump over 7-foot basis: I look around for 1-foot bars that I can step over.
3. I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen if for five years.
4. If a business does well, the stock eventually follows.
5.It's far better to buy a wonderful company at a fair price than a fair company at wonderful price.
6. Look at market flcutuations as your friend rather than your enemy; profit from folly rather than participate in it.
7.Never invest in a business you cannot understand.
8.Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
9.Price is what you pay. Value is what you get.
10.Risk comes from not knowing what you're doing.
11. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
12 We enjoy the process far more than the proceeds.
13. Wide diversification is only required when investors do not understand what they are doing.
14. The investor of today does not profit from yesterday's growth.
Regards,
Luckytrader
