Imagine if you could sit and have a cup of coffee with one of the world’s richest men. What if that rich man built his wealth the same way you are building yours – through investing?
What if that man were Warren Buffett? What would you ask? But you probably feel like that would never happen. How could I ever sit and learn from Warren Buffett?
The truth is that you can! maybe not in the traditional sense of an actual face-to-face coffee brunch. But you could get some insight from what he has to offer by looking at the things he’s already said to other people, here are a few insights he’s already shared.
A public opinion poll is no substitute for thought:-
Rather than jump on the latest headline with the newest fad, it’s better to think things through for yourself. Use your head and make wise choices based on your own analysis, not someone else’s
I always knew I was going to be rich. I don’t think I ever doubted it for a minute
These words are some of the wisest we can consider when it comes to investing. Buffett is dealing with mindset. You’ve got to know you are going to win. It may not be today. It may not happen the way you think it should. But deep down inside you’ve got to know you will win. That will make all the difference.
Someone’s sitting in the shade today because someone planted a tree a long time ago:-
The best time to invest is several years ago. The second-best time is now. The sooner you get in the better. Don’t wait to buy stocks. Buy stocks and wait.
Risk comes from not knowing what you’re doing:-
People talk about how risky the stock market is. “It’s just too easy to lose money,” they say. Sure, it’s got risks involved. But so does depending on one employer who could go bankrupt or let you go at any time. So how do you manage risks in the stock market? Buffett suggests to know what you’re doing. Learn. The more you understand it, the better you will be at it.
With these words of wisdom, you are certain to get ahead. Read think. Use them. Apply them. You won’t be disappointed with the results.