Success Secrets

 

Financial Success

Buffett's 7 Contrarian Principles

Ignoring Convention

 

Warren Buffett: Sucess Story and Investment Principles

By: Warren Buffett

Warren Buffett is the world's most successful investor and a self-made billionaire.

 

  1. Do not follow the crowd. Ignore the market, the crowd, and its fashions.

  2. Have fixed investment principles.

  3. Do not put your eggs in many baskets. Put all your eggs in one basket and proceed to watch that basket.

  4. Do not rely on outside analysis. Do your own research and do it thoroughly.

  5. Do not often act on a hunch. Always have sound, well-argued, well-researched reasons for your investments.

  6. Do not place small amounts in each basket. Only buy if you are prepared to put at least 10% of your net worth into the stock.

  7. Do not watch the market intently. Do not switch holdings frequently. Expect to hold your investments for ever. Do not avoid holding cash.