Warren Buffett's Top 5 Investing Tips: Ignore Pundits, Find Great Businesses, Avoid Permament Losses, Let Compounding Work Its Magic
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Ignore the pundits - don't listen to so-called experts making stock market predictions. Stick to your own analysis.
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When you find a wonderful business, be patient and stick with it long-term - Buffett uses Coca-Cola and American Express as examples of great long-term investments.
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The stock market is becoming more like a casino - don't get caught up in the speculation and "feverish activity."
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Never risk permanent loss of capital - this is Buffett's #1 rule. Avoid investments that could wipe you out.
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Compound interest works in your favor over time - a couple good decisions over a lifetime, while avoiding big mistakes, can lead to rewarding returns thanks to compounding.