Thursday, February 24, 2011

Lessons from the Legends: Buffett on The Two Most Important Rules of Investing

Buffett has two very important rules when it comes to equity investing. Fortunately, they are easy enough for a monkey to understand and remember.

"Rule No. 1: Never lose money.
Rule No. 2: Never forget rule no. 1."

I would conclude by saying don't forget these 2 rules... but rule no. 2 already covers that.

25 comments:

  1. lol those rules are the best rules i have ever read

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  2. It's easier to make rules like that than actually follow them.

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  3. As simple and silly as it may seem, it's so true. I've started using Mint.com just to see where the leaks in money are occurring most. (:

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  4. Probably the most important lesson that everyone should take into account.

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  5. Those tips are lame, it's like telling someone to "quit smoking". they are obvious and easy to say, but sometimes very hard to do.

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  6. Well the market took a dump the last few days. Does it count to lose some of your gain? Or, is loosing gain just like buying food?

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  7. sometimes you have to lose money to earn money

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  8. Short, sweet, and to the point. I like it, I think those rules go for pretty much everything though not just equity investing. Always make sure the juice is worth the squeeze.

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  9. Hmm...I'm tempted to start trading with what little money I'll be making if I get the job I apply for.

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  10. Lol... Simple enough for me to remember. I consider myself something of an animal anyway so monkey it is.

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  11. Buffett: the Tyler Durden of the Investing World

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  12. I guys keep it simple, stupid applies to this. I will definitely use this in my business affairs. Thanks for the consistent great info.

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  13. Seems fair enough! Now where did I put my wallet... Seriously anybody see it?

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  14. good advice, i'd definitely listen to it considering hes one of the richest men in the world.

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  15. best 2 rules around when it comes to money

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  16. I agree, these are the best rules!

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  17. I don't think anyone can disagree with those two rules. Great post!

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  18. Perfect. Now if only I could go about following those rules correctly.

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  19. Kinda obvious but yeah good rules to follow :D

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