Warren Buffett's investment tips can be said to be a golden investment rule and solid strategies for wealth building. He is a veteran expert who has built a huge fortune without a certain patent, technical advance, inherited legacy, legacy or high salary, but built his empire with investment tools that are available to all, with wisdom, wisdom, and investment. Smartly, hard work.
The advice of Warren Buffett, the greatest investor of the day, you'll know soon after you've never heard of, unlike his famous saying, "Do not buy what you do not need, one day you'll have to sell what you need." Or what he said in saving "do not spare what is left after spending, but spent what remains after saving." Or his brilliant wisdom about risk "do not test the depth of the river with both feet." In 7 Figure Cycle Review article, we will look at more precise aspects of the personality of a successful investor.
These are 14 golden tips from Warren Buffett's investment :
"It's been a long time since Graham taught me that the price is what you pay, and the value is what you get, whether we're talking about socks or stock, so buy quality goods when prices fall," says Warren Buffett.
2 - Successful investment requires time, discipline and patience. No matter how great the talent or effort, there are some things that take a long time. You can not produce a child in a month by getting nine pregnant women.
3. Opportunities rarely come, so when the world rains, place a bucket, not a thimble. (Thyme is a funnel that covers the tip of a tailor's finger to keep him from pricking needles). It is intended to take advantage of opportunities when the best possible use is made.
4. Diversification of investments is originally a protection against ignorance about these investments, so it makes sense that this diversity is a little bit for those who know what they are doing.
The key to investing is not to assess the impact of this industry or product on society, or to what extent it will grow, but rather to determine the competitive advantage of any particular firm and, above all, to determine the robustness of this competitive advantage.
6. Warren Buffett's advice also: "It can take 20 years to build a reputation, and it will only be demolished within 5 minutes. If you put it in your mind, you will probably do things differently. And gaining people's trust is an invaluable wealth. "
7. It's best to spend time with people better than you, since picking out partners with better behaviors will reflect good behavior on you.
"I'll tell you how to be rich," says Warren Buffett. "Be afraid when others are greedy, and be greedy when others are afraid." This is Warren Buffett's strong advice, which means that the key to investing is to buy while prices are low and sell when they go up. When prices fall, everyone is reluctant to buy; fearing further declines, then you have to buy. When prices rise, everyone stops selling; to gain more; thinking of continuing to rise, then you have to sell.
9. It is much better to buy a "wonderful" company at an "appropriate" price and to buy an "appropriate" company at a "great" price.
10. The difference between successful and truly successful people, that really successful people say no to almost everything. Buffett says that success requires intense focus. Many people have long to-do lists and work to be more productive. In fact, having a list of tasks that should not do not-do list is more important if they want to The person to do great things.
11. Learn more about people's failures than their successes: Buffett believes that in people's failure lessons and over their success, these lessons should be well understood; they are the greatest teacher.
12 - Reinvestment of profits: Warren Buffett learned 7 Figure Cycle strategy early, in high school he and his partner bought a pinball machine; to put it in a barber shop. And with the money they earned from them they bought many of these games, up to eight, were scattered in different shops. When they sold the project, he used his proceeds to buy stocks and start other small businesses. At the age of 26 he had collected $ 174,000, equivalent to $ 1.4 million today. It means that even if the amount is small, it can turn into a fortune.
13. Explain everything about the deal or work before it starts: Buffett explains that your bargaining power or bargaining power is always greater before you start working, and that's when you have something to offer to the other party. Buffett learned this lesson harshly when he was a child. His grandfather, Ernest, hired him and another friend to remove the ice that covered his grandfather's grocery store after a snowstorm hit the place. Buffett and his friend kept shoveling ice for five hours straight, Until their hands were almost frozen, and then his grandfather gave them only 90 cents to share among themselves. At that time, Buffett felt a great shock, how did he do all this painstaking work in return for earning this small wage? Since then Buffett has been tightening all deals by explaining all the details before starting with everyone, including friends and relatives.
14- Investing in companies that take small details: Warren Buffett invests in companies run by managers who look at the smallest costs, such as a company that calculates the number of toilet rolls, for example, and makes sure it is actually 500 sheets; to see whether they have been deceived.
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