27 Apr My Favorite Quote from Warren Buffet
Warren Buffet, one of the most successful investor in history has TWO investing rules that has made him what he is today. His two rules are:
Rule # 1. Don’t lose money.
Rule # 2 Don’t forget Rule # 1.
You might think that Rule #1 is obvious because nobody goes into any investment or business to lose money. But the reality is people enter into an investment with the wrong mentality and only choose to focus on how much money they can make. This is one of the most important reasons why investors lose money. In fact, if you focus on risk first and try not to lose money then in the end, you will make money. Trust me. Or better yet, trust Buffet. He seems to know what he’s doing.