Advices from Wise Investors. Everything you need know about long-term investing in 2 minutes

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Warren Buffett is one of the most famous and successful investors in the world with a sensible approach to company selection and analysis.

Quotes from the “Oraculus from Omaha” are already more valuable than any lessons in themselves. Save it to your notes and think about these words.

1) “The most important thing to do if you find yourself in a hole is to stop digging.”

2) “Beware of applause investments; strength-clever steps are usually accompanied by a yawn”

3) “Risk comes from not knowing what you are doing”

4) “If a business does well, stocks will eventually follow.”

5) “Business schools encourage complex and complex behavior more than simple, but simple behavior is more effective.”

6) “There is nothing wrong with the “knowing nothing” if investor realize this. The problem is when the “knowing nothing” investor thinks he knows something.”

7) “Forecasts can tell a lot about the forecaster, but they don’t say much about the future.”

8) “You should be able to evaluate companies only within your competence. The size of this circle is not very important; however, knowing its limits is vital.”

9) “Whether we’re talking about socks or promotions, I like to buy quality products when they’re on sale.”

10) “The best thing that happens to us is when a great company has temporary problems … We want to buy them when they are on the operating table.”

11) “When a quick profit is promised, answer with a quick no.”

12) “Today’s investor does not profit from yesterday’s growth”

13) “Wall Street is the only place people go to in a Rolls-Royce to get advice from subway riders.”

14) “In the world of business, the most successful are those who do what they love.”

15) “You don’t have to do extraordinary things to get extraordinary results.”

16) “Chains of habits are too light to be felt until they become too heavy to be broken.”

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