Warren Buffet to Younger People

Stay away from credit cards, Invest in yourself. He is prepared, however, and does so regularly, to outline general principles of sound investment. These have a consistent theme and can be summed up like this.

  1. Money doesn’t create man, but it is the man who created money.
  2. Live your life as simple as you are.
  3. Don’t do what others say. Just listen to them, but do what makes you feel good.
  4. Don’t go on brand name. Wear those things in which you feel comfortable.
  5. Don’t waste your money on unnecessary things. Spend on those who really are in need.
  6. After all, it’s your life. Why give others the chance to rule your life.
  7. Never invest in a business you cannot understand.
  8. Always invest for the long term.
  9. Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.
  10. If you’re doing something you love, you’re more likely to put your all into it, and that generally equates to making money.
  11. Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
  12. In the short run, the market is a voting machine but in the long run it is a weighing machine.’

http://www.fortunewatch.com/warren-buffet-the-legend/

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