The Best Investment Tips From Warren Buffet

Be A Student Of Other Peoples Folly

Whatever mistakes an investor can make, you can be sure someone has made it before. Warren Buffet knows it's important to be a student of other peoples folly. After all, it's better to learn from other people mistakes than through experiencing those mistakes yourself. There's a reason they call learning from your own folly learning the hard way.

History is full of folly. The stock market crashed of 1929 and 1987 and the financial crisis of 2008 provide plenty of examples. In addition, Buffet notes the importance of learning from your own mistakes. Everybody makes them, and Buffet himself is not immune. But he learned from them, so he would not put good money after bad. He has even spoken about his greatest mistakes so other investors can learn from them.

"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” Buffet has told investors. This quote sums up his investing philosophy. Investment is about finding high-quality investments and buying them at the right price. It takes knowledge, skill, and practice to become a successful investor