Thursday, January 19, 2023 –Topic to do with investment cannot complete without mentioning the name of one-man, Warren Edward Buffet, who still stands tall among the rest.
His wisdom in the world of business has been invaluable throughout the seasons and many young business enthusiasts trust every word he says on investing.
So far, the American billionaire is considered the greatest investor worldwide with a networth exceeding 100 billion dollars.
His advice has been a “guide” for global investors, who look for his next moves and try to emulate what he does to make his billions.
Here are Warren Buffett’s Ten Commandments of business: Never invest in a business you don’t understand, forecasts can tell you a lot about…forecasts. But nothing for the future, we are just afraid when others are greedy and we are greedy when others are afraid.
Additionallyt, the tycoon states that, it takes 20 years to build a reputation and only five minutes to destroy it. If you think about that, then you will function very differently, only when the tide is out do you find out who’s swimming naked, the best opportunity to increase your capital is when things are going down, the price is what you buy. Value is what you get, the stock market is designed to move money from the active to the patient investor.
Buffet also believes that, you don’t need a complex thought. Simple thinking is always more effective, and lastly, after so many years of investment, we haven’t learned how to solve hard problems. But we have learned how to avoid them.
The “wise man” of Omaha, Warren Buffett, has for many years deservedly won the respect of Wall Street; even at the age of 91.
According to Wikipedia, Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway.