"Simple rules for investment from Buffett:
Success comes to those who are patient, know the stock market and business in general, and also have a high self-discipline. In addition, you must know the eight basic rules of investing, according to Buffett.
1. Describe your plan of action in writing or keep it in your head, and most importantly - as closely as possible stick to it in practice.
2. Sufficient flexibility: if any circumstances or new information significantly change the situation, make changes in your plan of action.
3. Examine the dynamics of sales and profits. Analyze their sources.
4. Focus on potential targets. Carefully consider the assortment of the company's products or services provided, its position in the industry as a whole and compared to its closest competitors.
5. Gather as much information about the people running the company as possible.
6. If you find a magnificent business for investment, ignore the unfavorable forecasts of market dynamics or the economy in general.
6.Invest more than just money. If no suitable assets exist, keep your capital in cash.
8. Decide for yourself what you are good at, and what - not. Invest only in companies whose business you understand."
Success comes to those who are patient, know the stock market and business in general, and also have a high self-discipline. In addition, you must know the eight basic rules of investing, according to Buffett.
1. Describe your plan of action in writing or keep it in your head, and most importantly - as closely as possible stick to it in practice.
2. Sufficient flexibility: if any circumstances or new information significantly change the situation, make changes in your plan of action.
3. Examine the dynamics of sales and profits. Analyze their sources.
4. Focus on potential targets. Carefully consider the assortment of the company's products or services provided, its position in the industry as a whole and compared to its closest competitors.
5. Gather as much information about the people running the company as possible.
6. If you find a magnificent business for investment, ignore the unfavorable forecasts of market dynamics or the economy in general.
6.Invest more than just money. If no suitable assets exist, keep your capital in cash.
8. Decide for yourself what you are good at, and what - not. Invest only in companies whose business you understand."
