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Financial Lessons We Can Learn From Warren Buffet by valdubem(m): 10:35am On Feb 28, 2013 |
1. Spend wisely: Buffet still dwells in that 5bedroom apartment he purchased 55years ago. 2. No one cares about your money as much as you do: Buffet makes all his own investment decisions for his best interest; not the commission-based interest of financial advisers, stock brokers etc 3. Do your home work- Scan thousands of stock: Buffet spends 18hours a day working on investment capital, saying investors should think of themselves as partial owners. 4. Over come your fear of risk: people are afraid that investing will cause them to loose money but Buffet says stocks outperform bonds, banks and even gold; and are safer too. 5. Focus on the long term: Putting off saving/investing means you'll need to save more in less time for the same outcome. 6. Invest in quality Business: The result of doing your homework is determining worthy companies. Buffet is famously invested in Coca cola, wells Fargo and IBM. 7. Hunt for exceptional bargains for solid companies: Buffet recommends buying stock during a crash. when even great companies have extremely low prices. 8. Make decisions to invest based on how well money is used by Company management: Buffet feels penny pinching indicates a profitable mindset. once, he acquired a company whose owner took the time to discover the toilet paper roll wasn't really the advertised 500 sheets. 9. Be patient; wait until everything is in your favor to interest: when conditions align, buy an appropriate amount of shares. Buffet recommends holding stocks in 10-15 companies. 10. Sell loosing stock when the market is up; Buy winning stock during a crash: Selling a dud stock at its worst adds to your loss, and purchasing a great stock at peak price cuts your gain. "the beauty of stocks is they do sell at silly prices sometimes. .....Thats how Charly [munger] and I got rich." warren says 6 Likes 1 Share |
Re: Financial Lessons We Can Learn From Warren Buffet by Osama10(m): 10:41am On Feb 28, 2013 |
Noted. |
Re: Financial Lessons We Can Learn From Warren Buffet by sylve11: 4:17pm On Feb 28, 2013 |
Not bad, i like the no. 2 line! |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobleacct: 4:17pm On Feb 28, 2013 |
I don hear |
Re: Financial Lessons We Can Learn From Warren Buffet by Regiblinkz(m): 4:18pm On Feb 28, 2013 |
sorry i have different ideas too..*second to......... 1 Like 1 Share |
Re: Financial Lessons We Can Learn From Warren Buffet by yemmyyy(m): 4:21pm On Feb 28, 2013 |
Thanks 4 this info |
Re: Financial Lessons We Can Learn From Warren Buffet by 76Naira(m): 4:23pm On Feb 28, 2013 |
Its one thing to know these yet its another to know how to be truly contented. Above all in life, learn to be as happy as you can. 2 Likes |
Re: Financial Lessons We Can Learn From Warren Buffet by Regiblinkz(m): 4:24pm On Feb 28, 2013 |
how do i start a thread on this forum |
Re: Financial Lessons We Can Learn From Warren Buffet by trix1: 4:24pm On Feb 28, 2013 |
val_dubem: 1. Spend wisely: Buffet still dwells in that 5bedroom apartment he purchased 55years ago. So He lives in the old house he bought 55yrs ago when he wasn't so rich and He still works at least 18hrs every day?? So when exactly is he going to enjoy all the wealth he has gathered? 2 Likes |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobody: 4:26pm On Feb 28, 2013 |
Easier said than done. |
Re: Financial Lessons We Can Learn From Warren Buffet by tony1980: 4:26pm On Feb 28, 2013 |
Please,stop showing off your wealth because,there is nothing that,you have now that, some people had not gotten in the time past rather,you better start investing right now for your guaranteed future. 4 Likes |
Re: Financial Lessons We Can Learn From Warren Buffet by Bsmartt(m): 4:27pm On Feb 28, 2013 |
great lesson for extravagant rich men in nigeria! NOTED 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by Regiblinkz(m): 4:29pm On Feb 28, 2013 |
[quote author=trix!][/quote]wetin dey worry you...u smoke lemon? |
Re: Financial Lessons We Can Learn From Warren Buffet by Regiblinkz(m): 4:31pm On Feb 28, 2013 |
[quote author=trix!][/quote]you must be high on lemon this afternoon 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobody: 4:33pm On Feb 28, 2013 |
Spend less on booze and women. |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobody: 4:47pm On Feb 28, 2013 |
There is more to learn from Mike Adenuga and Dangote. I doubt if Buffet would have been a billionaire if he was born in the Nigerian terrain. Learn from your icons in your terrain and forget those white people in perfect business environments. 7 Likes |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobody: 4:50pm On Feb 28, 2013 |
Great men are not spend thrift |
Re: Financial Lessons We Can Learn From Warren Buffet by mayoroflag(m): 4:53pm On Feb 28, 2013 |
The principles are sound, but relative to investing to investing in the local markets, there are other factors to consider. 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by moneyhungry(m): 4:54pm On Feb 28, 2013 |
Number 1 is plain STUPI/D.... IF u disagree, screw u n buffet. 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by free2ryhme: 5:00pm On Feb 28, 2013 |
are dis tips for the corrupt nigerian economy? |
Re: Financial Lessons We Can Learn From Warren Buffet by alaoeri: 5:02pm On Feb 28, 2013 |
Forget about all these crap, what work for u maynot work for others that's why the path buffet trend many don trend yet not successful. Riches is from above not by power or myth. |
Re: Financial Lessons We Can Learn From Warren Buffet by Padipadi: 5:08pm On Feb 28, 2013 |
For sale 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by OkikiOluwa1(m): 5:11pm On Feb 28, 2013 |
Padipadi: For salehow much? |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobody: 5:16pm On Feb 28, 2013 |
Yomieluv: Easier said than done.EASIER SAID THAN DONE NNMAM! GWA HA |
Re: Financial Lessons We Can Learn From Warren Buffet by Philolos: 5:19pm On Feb 28, 2013 |
val_dubem: 1. Spend wisely: Buffet still dwells in that 5bedroom apartment he purchased 55years ago. Aka, don't get emotionally attached. Especially if you are lucky to own Apple or Google stock. They can one day sell for under $10/share - not because they decide to split their shares. |
Re: Financial Lessons We Can Learn From Warren Buffet by infofirst(m): 5:23pm On Feb 28, 2013 |
More like it |
Re: Financial Lessons We Can Learn From Warren Buffet by Fadelex(m): 5:23pm On Feb 28, 2013 |
so buffett says we shld invest in stock and collapse wen stock market crashed.... My own is invest ur money in garri production, its d surest way to secure ur future in Nigeria... 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by valdubem(m): 5:31pm On Feb 28, 2013 |
Fadelex: so buffett says we shld invest in stock and collapse wen stock market crashed.... My own is invest ur money in garri production, its d surest way to secure ur future in Nigeria... U can add that as ur number eleven 1 Like |
Re: Financial Lessons We Can Learn From Warren Buffet by dino2006(m): 5:38pm On Feb 28, 2013 |
Plenty other factors to be considered in d Nigerian terrain. Corruption stands tall. |
Re: Financial Lessons We Can Learn From Warren Buffet by Nobody: 5:54pm On Feb 28, 2013 |
Warren Buffet is a bad role model when it comes to enjoying money you have made. There is a 45 minute documentary of him on youtube, I was so pissed. Even his children are like the children of the average American. No jet, no palace, no posh car no nothing, just mind boggling philanthropy. Money miss road. This man should withdraw $100m and blow it all away. Why work so hard and refuse to enjoy the fruits of your labour even going as far as leaving nothing for your kids. As for me, for every million I. Make, I should be able to blow 100k when I want to be frugal and blow away 600k when I'm feeling real good. We only live once na, come on dude. Haba! |
Re: Financial Lessons We Can Learn From Warren Buffet by victorNRceo: 5:58pm On Feb 28, 2013 |
Billyonaire: There is more to learn from Mike Adenuga and Dangote. I doubt if Buffet would have been a billionaire if he was born in the Nigerian terrain. Learn from your icons in your terrain and forget those white people in perfect business environments.Guy,u would have doubted that buffet will become a billionaire if u grew in america. With all d above it's profound to say buffet 'grew to understand' how 2 make a fortune 4rm available resources. The quoted 'grew to understand' is a trait that makes one successful,this trait works anywhere. Besides,U.S is not a perfect business environment,damn it mehn,u sound un-enlightened. In spite of the natural resources declines,U.S is known 4 speedy innovations,high competitions,high taxes and levies even the scrutiny,inflexible business policies etc, in the U.S businesses requires high creativity and run high risk(sustaining,notwithstanding d massive competition) to sprout top positions among the self made billionaires 4 d founders/owners. Guy,na him make dem dey run come our land to explore na. Sey U be learner! 3 Likes |
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