Friday 21 September 2007
Billion dollar investing tips from Warren Buffett
Warren Buffett's tips are distilled in this reader friendly article by Rediff. The key points are outlined here:
- Invest in Businesses, Not in Stocks
- Only Buy Businesses that You Understand
- Buy Companies with Defensible 'Franchise'
- Hold for the Long Term
- Ignore Short-Term Fluctuations in Price
- Buy Good Businesses When Prices are Down
- Don't Be an Active Trader
- Do Not Over-Diversify
- Invest Only When There is a Margin of Safety
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