Wednesday, August 27, 2008

Warren Buffett's rule of success:

1) Ascertain the true quality of a company and its top managers

2) Stockholders are not managers. They should leave the running of a firm to competent managers with integrity.

3) Don't invest in businesses you don't understand

4) Give help and advise if they want it, but let the managers make their own decision

5) Never, ever break the law

6) Owners are owners and managers are managers - but they work as partners

7) Keep your distance from the market. You will understand the business better.


Sean Toh said...

These rules will be framework for any investors.

Hi Sam,

It's my honor and pleasure being invited into your network. I believe we could learn a lot from each other and leverage on each other networks. Feel free to drop me a line and talk to me about your possible ideas to turn them into realization. Keep in touch and thanks for the invitation.

Yours Sincerely
Sean Toh
Author of “4 Steps To Financial Freedom”

Sam said...

To me he is purely an investor. Most others who trade in the stock market is just spectulator.