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Book Reviews | Right on the Mark: Warren Buffett's Top 20 Tips to Make You a Better Investor
So, I finished reading "The Tao of Buffett" in English. Oddly enough, this book seemed weaker than "TAO" by Charlie Munger. Perhaps this is because only Clark, a great thinker, wrote the article, and Buffett's daughter-in-law was also a co-author. : This book is a collection of Buffett's most harmless quotes with short comments. It seemed like a set of old cliches, but I reread them again and again for the rest of my life to understand them at the deepest subconscious level. Since episode 10, all this has been trampled into our subconscious 👍And here's what you need to remember! ✅ America's enormous wealth was not created by one person who opened 50 businesses. One business was created by one person. ✅ Think before you sign a contract (deal), think before you sign it ✅ It's easier not to get involved in a problem than to get out of it ✅ Remember that you can lose your reputation in 5 minutes. If you remember, things will be different. ✅I don't try to jump over the 7-foot barrier, I look for the 1-foot barrier and jump there) (looking for the perfect solution) ✅I will consult with someone if I want and use the mirror to make a decision ✅Think with your own head and do it. I have never gotten good ideas from talking to someone else. You should invest in a great business that even stupid managers cannot ruin. Because sooner or later such a manager will come)) ✅ Whenever you invest, you should be ready to put at least 10% of your capital into the deal (you should have that much confidence) ✅ A weak business remains a weak business no matter what you pay. That's the price you pay for it. Reversals rarely happen. ✅If the business does well, the stock price will soon follow. ✅Investment risk consists of two factors: 1. The quality of the company 2. The price you pay. The lower the price, the lower the risk. ✅ I am the best investor because I am a businessman, and I am the best businessman because I am an investor. ✅ If you sell the contract, you will pay a high price. ✅ If you want to hire people, 1. Honesty, 2. Intelligence, 3. We are looking for three qualities: energy. But the most important is honesty. Without it, 2 and 3 are no longer needed. ✅ We enjoy the process more than the result. Although we have learned to accept good results)) ✅ I don't think you can play this game for long if you hit the hole every time on the first try. ✅ Once a stock becomes popular, there is not much to do. do. There are still many advantages. There is a risk of getting a low return if you invest there. ✅Diversification – protection from ignorancePart 1. If you liked it, give it a like!❤️I'll finish reading the second part👍