Berkshire Hathaway's 8 Investment Lessons

Author: Liu Jianwei
Publisher:
Publish Date: 2005-01-01
Features:
Buffett's Top 10 Investment Principles:
Investing is not a game where an IQ of 160 can definitely defeat an IQ of 130.
"Market Mr." is your servant, not your guide.
Be fearful when others are greedy, and greedy when others are fearful.
In the short term, the stock market is a voting machine; in the long term, it is a weighing machine.
Price is what you pay, value is what you get.
Optimism is the enemy of rational investing.
I would rather be vaguely right than precisely wrong.
For most investors, it is not what they know that matters, but being aware of what they don't know.
If you are not willing to own a stock for 10 years, don't even think about owning it for 10 minutes.
For every investment, you should have the courage and confidence to invest more than 10% of your net assets.