Title: Warren Buffett's Investment Advice: 7 Top Pieces Of Wisdom For Investing Success | Bankrate
Headings: Warren Buffett’s investment advice: 7 top pieces of wisdom for investing success
Warren Buffett’s investment advice: 7 top pieces of wisdom for investing success
7 pieces of wisdom from Warren Buffett
1. “Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”
2. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
3. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
4. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
5. “The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”
6. “The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch.”
7. “If you like spending six to eight hours per week working on investments, do it. If you don’t, then dollar-cost average into index funds.”
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Content: The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.” Here again Buffett touches on the value of temperament for a successful investor rather than intelligence. Rather than trying to go with or against the crowd, investors should analyze what’s going on in the market, regardless of who likes what stock. By focusing on the objective facts, investors can make decisions that are relatively free of emotion and make better choices. 6. “ The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch.” This quote is one of Buffett’s most famous, and it offers the essence of picking your opportunity. You needn’t invest until you find an opportunity that you find attractive, one that meets your standards of potential reward for the risk you’re taking.