Warren Buffett is famous share market Investor and trader who no need of introduction, Everyone who trading or not trading in the market knows him very well.
1) Invest in yourself first -
Warren buffett always says first learn then earn. Which means one should always ready to learn something to become successful in that field or life to.
2) Trust yourself in investing -
To become succesful in investing one should have confidence in him self so he can make decision strongly and can fullfill his/her dreams.
3) Invest what you understand -
Sometimes people invest in those sectors or company which they do not understand, If they can not understand the business then how can anyone invest their hard earned money there.
4) Focus on relavent News -
Warren says there are lots and lots of news around you but you have to know how to filter and consume news or information related to you only. The more you listen to them the more difficult it became to you to take actions. Buffett says News have potential to make your decisions biased.
5) Do not buy Stock, Buy Business -
Think twice before buying any stocks, think like you are buying a company not just only stock. By this way you can reduce the chances of loss.
6) Learn from mistakes and move on -
Buffett says In stock market no one is perfect and no one is fully right here. here intelligent is who learn from mistakes make by others. Because if you only learn from your mistakes then you feel your life is to short to learn.
7) Don't be day trader only -
Warren always worries for the guys who think to be rich quickly means you are good. And to make quick bucks people starts to do day trading or intraday trades. Warren says this is not the way to make wealth. Wealth is made by consistant and it is time taken process. One need a lot of patience to built wealth.
8) Diversify your investment -
To make remember this point always keep in mind warren buffett quote on diversification on investment that "Don't put all your eggs in one basket" Keep them diversify so If one basket falls then other eggs will be safe.
But here also remember one more point, Do not over diversify. Over-diversificatoin leads to poor return and lower ROI.
9) Learning from the best -
Always ready to learn from best you klnow. Warren himself studied and worked with his mentor and best investor of that time named Benjamin Graham.
10) Do something for society -
Warren also belives in charity, He on regular basis helping other and society through the charity. He donates crores of rupee in noble causes. One should also take inspiration from them.
