the best tips of wall street wizards

Warren E. Buffet

“Rule No. 1. Never lose money. Rule No. 2: Never forget rule No. 1. ”

“Invest in a business that even a fool can handle, because the day will come when a fool will do it.”

“Great investment opportunities come when excellent companies are surrounded by unusual circumstances that cause their stock of shares to be calculated below their value.”

“To choose businesses where to invest: draw a circle around the businesses that you understand, and then eliminate all those that fail based on their value, quality of management, and exposure to difficult times”

“I read the annual reports of the company that interests me, and then read the reports of its competitors. That is the main source of information ”

Sir John M. Templeton

“It is impossible to produce superior performance unless you do something different from the majority.”

“Never adopt a single type of values ​​or a single method of selection permanently. Try to be flexible, open and skeptical. ”

“The best results are produced by one person, never by a committee.”

“Achieving a good record tales a lot of study and work, and it’s more difficult than many people think.”

Bernard M. Baruch

“Beware of barbers, hairdressers, innkeepers, and in general anyone who tries to give you ‘insider’ information or ‘tips’.”

“Always keep a large part of your capital in reserve. Never invest all your funds. ”

“Try to analyze your losses to determine your error (s). Take some time away from your usual area of ​​work; go to a quiet place where you can meditate in peace. Take advantage and self-examine carefully, until you understand your own mistakes. ”

“Learn how to recover from your losses quickly and cleanly. Do not expect to be right all the time. If you make a mistake, reduce your losses as quickly as possible. ”

“Do not speculate in the bag unless you intend to do it full time.”

John C. Bogle

“When it comes to investing in mutual funds, beware of all those who claim to be No. 1 in their field. Why? First, because hundreds can say that they are No. 1 based on specifically selected criteria, and second, the odds of a specific background repeating the first place in the near future are completely zero. ”

“Investing is not as difficult as it seems. Even disciplined novices, those who know the basics but lack experience, can have and even surpass the profits that a group of professional investors can make, if they use common sense. ”

“Think long term. Do not let transitory changes in the stock market alter your investment program “

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