Encountered a really good Youtube video discussing the Top 7 rules in investing by the legendary investor, Warren E. Buffett.
I really enjoyed and found it quite valuable hence I've decided to share it with you guys!
Below is the summary of the Top 7 rules in investing by Warren Buffett compiled by John Pantoja and the complete video from Cooper Academy for your reading and viewing pleasure.
Enjoy and keep on learning! #InvesingNeverStops
1. If the business does well, the stock eventually follows
When you own a stock, you own a part of the business. If the business does well, you will also do well.
2. Most news is noise, not news
Most news sources are paid, so to generate more income, they create hype. Don't worry about everything they say; focus on about 5% of what they say, so pay attention to only the key details.
3. When you buy a stock, plan to hold it forever
Compound interest is in your favor. Constantly buying and selling stocks won't allow you to reap the benefits of compound interest. "It's all about time in the markets, not timing the markets."
4. Only listen to those you know and trust
You're not alone while investing. The key is to find someone you trust and seek help. Don't focus on the YouTubers holding Tesla stock and gaining views, those suggesting what companies to buy in YouTube comments, or the investors who are always on the news if you don't trust them. Trust is key. Warren Buffet had Charlie Munger. Who do you have?
