Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$84.4 billion as of November 1, 2018, making him the third-wealthiest person in the world.
One of the most widely quoted pearls of wisdom of legendary investor Warren Buffett is: “Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1”.
Here are 6 of the best tips you can learn from the world’s largest and most respected investor.
On earnings: “Never depend on single income. Make investment to create a second source.”
On Spending: “If you buy things you do not need, soon you will have to sell things you need.”
On Savings: “Do not save what is left after spending, but spend what is left after saving.”
On taking risks: “Never test the depth of river with both feet.”
On Investment: “Do not put all eggs in one basket.”
On expectation: “Honesty is a very expensive gift. Do not expect it from cheap people.”