Warren Buffett's 20 Rules on Investment: A Timeless Guide to Success
Warren Buffett's 20 Rules on Investment: A Timeless Guide to Success Warren Buffett, often hailed as one of the greatest investors of all time, has amassed a fortune through astute investment decisions and adherence to a set of principles that have guided his approach to investing. Over the years, Buffett has shared his wisdom through various mediums, including annual letters to shareholders of Berkshire Hathaway and interviews. Here, we distill his insights into 20 timeless rules on investment: 1.Invest in What You Understand: Buffett advises investors to stick to areas they understand well. If you don't understand a business or how it makes money, it's best to steer clear. 2. Margin of Safety: Always look for a margin of safety in your investments. This means buying at a price significantly below your calculated intrinsic value to protect against unforeseen events. 3. Long-Term Perspective: Buffett famously quips, "Our favorite holding period is forever....