Buffett's 8 Investment Lessons -- The Greatest Investment Wisdom of the Modern Era

Author: Liu Jianwei
Publisher:
Publish Date: 2005-03-01
Features: Warren Buffett is one of the greatest investors in the world today. At the end of 1999, he was ranked first among the "Top Eight Investment Masters of the 20th Century" as listed by U.S. magazine Fortune. In 1956, Buffett started with $100. In 2004, he was ranked second on the Forbes Global Rich List with a net worth of $42.9 billion. Buffett created an investment legend that lasted for 39 years, consistently outperforming the average return of the U.S. stock market by more than double. If an individual had invested $10,000 at the beginning of Buffett's career (1956) and held it until 2002, it would have grown to approximately $270 million, and that would be after taxes. Therefore, Buffett is justly called the "God of Wall Street Stocks." This book summarizes Buffett's wisdom on stock investment strategies in a step-by-step manner based on the basic steps of investment operations, compiling eight "investment lessons" that can be completed in just a few hours. It makes this book a vivid and detailed tutorial on long-term investment as told by Buffett to investors, serving as the best choice for investors to quickly learn the essence of Buffett's stock investment strategies.
Top 10 Investment Principles of Buffett
■ Investing is not a game where an IQ of 160 can definitely defeat someone with an IQ of 130.
■ "Mr. Market" 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 but what they clearly know they don’t know that matters.
■ If you are not willing to hold a stock for 10 years, don’t even think about holding it for 10 minutes.
■ For every investment, you should have the courage and confidence to invest more than 10% of your net assets.