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Book Reviews | Which of these 14 pieces of advice from Warren Buffett do you find most valuable?
Which of Warren Buffett's 14 pieces of advice do you find most valuable?
Buffett's Second Perks Package. The First Was Here
✅Our method is very simple. We aim to acquire companies with good or excellent economics, managed by honest and competent management, at reasonable prices. That's all we do.
✅I never buy stocks unless I can explain on paper why I did it.
✅You just need to do a few right things in life (to succeed in investing) and not too many wrong things.
✅If you are not disciplined in small things, you will not be disciplined in big things.
(That's why even small investments need to be precise)
✅Nothing makes you think and organize your thoughts better than writing.
(So don't forget to write to smartlab😁)
✅When everyone is interested in stocks, most people are interested in stocks. But we must do the opposite. Be interested when no one else is.
✅Ignorance is bliss, but when you start investing, it turns into a nightmare.
✅Investments should be smart. If you don't understand this business, don't get involved.
✅For some reason, people follow the schedule instead of looking at the costs of the business. Price is what you pay, and value is what you get.
✅The higher the price you pay, the lower your return on investment.
✅I never try to make money on the Moscow Exchange. I buy shares based on the fact that the exchange will close tomorrow and open only in 5 years.
✅Some things take time. Even with 9 pregnant women, they can't give birth within a month.
By the way, I don't recommend reading these tips quickly.
They are all very valuable, they should be read slowly and understood deeply. There is a lot behind them...
I like it if it was useful👍
So, write down which of Warren Buffett's 14 pieces of advice you find most valuable.