1. Expand Your Knowledge
Warren Buffett is a voracious reader to stay on top of business developments.
One of his favorites was Business Adventures by John Brooks, which he bought for Bill Gates.
4. Four Investing Pillars
1. Understand the business.
2. Favorable long-term economics with competitive advantages.
3. Able and trustworthy management; and
4. A sensible price tag.
5. Investing In Real Estate
Buffett urged new investors to avoid going into stocks “at times of extreme exuberance,” and ignore headlines (e.g., macro opinions).
6. Avoid Fear, Greed, And Emotions In the Market
Fear and greed, will forever occur in the investment community…. Therefore, we never try to anticipate the arrival or departure of either disease.