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Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, in 2008.
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Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, on May 3, 2008. Carlos Barria/Reuters
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You donāt get labeled the āOracle of Omahaā for nothing.
<a href=https://trips62.cc>tripscan</ a>
As one of the worldās most successful investors, Warren Buffettās views on markets, companies and the economy have always been of great interest on Wall Street and Main Street.
<a href=https://trips62.cc>ŃŃŠøŠæ ŃŠŗŠ°Š½</a>
Now 95, Buffett is stepping down as CEO of Berkshire Hathaway, 60 years after taking a controlling share in the company.
<a href=https://trips62.cc>tripskan</ a>
But during his long tenure Buffett has had plenty of sensible things to say about how to invest well and live a good life through the work you choose and the way you treat people.
Hereās just a sampling:
Donāt lose money
āThe first rule in investment is donāt lose. And the second rule in investment is donāt forget the first rule.ā
Buffett is best known as a value investor ā someone who buys companies he believes are undervalued. āIf you buy things for far below what theyāre worth and you buy a group of them, you basically donāt lose money,ā he explained on Adam Smithās Money World.
But Buffettās advice also speaks to the need to diversify risk.
āItās the foundation of how I manage client money,ā said certified financial planner and CPA Brian Kearns. āInvesting is about growth, but it is also about capital preservation. ⦠Find reasonably priced investments ⦠but donāt risk too much of your net worth on one idea.ā
It also means investing across asset classes. āThey all have different risk profiles and, when combined, allow you to hold investments for the long term because you will experience less volatility,ā Kearns said.
Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, in 2008.
Warren Buffett's life in pictures
42 photos
Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, on May 3, 2008. Carlos Barria/Reuters
Focus on the essentials
trip scan
https://trips62.cc
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