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Thread on 50 GOLDEN RULES of Warren Buffett ( One Rule Per Day)
Day 1:
4 Filters Of Investing.
Day 1:
4 Filters Of Investing.
Day 2:
To understand Investing you need not required to be a genius. Investing is not a rocket science.
To understand Investing you need not required to be a genius. Investing is not a rocket science.
Day 3 :
Personal Finance.
Personal Finance.
Day 4 :
Margin of safety.
Image Courtesy: Prof. Sanjay Bakshi blog.
Margin of safety.
Image Courtesy: Prof. Sanjay Bakshi blog.
Day 5:
Management.
Management.
Day 6:
Start Early.
Start Early.
Day 7 :
Reputation is your biggest asset.
Reputation is your biggest asset.
Day 8 :
If you have time to study the businesses then go for direct equities otherwise SIP in low cost index funds.
If you have time to study the businesses then go for direct equities otherwise SIP in low cost index funds.
Day 9 :
Risk.
Risk.
Day 10:
Prediction
Prediction
Day 11:
Investor & Market fluctuations.
Investor & Market fluctuations.
Day 12 :
Focus on Process.
Focus on Process.
Day 13:
Invest in yourself.
Invest in yourself.
Day 14:
Honesty.
Honesty.
Day 15:
How about investing in turnaround stories?
How about investing in turnaround stories?
Day 16:
Your inner scorecard matters.
Your inner scorecard matters.
Day 17:
Handful of few good stocks are enough.
Handful of few good stocks are enough.
Day 18:
Associate with people better than you
Associate with people better than you
Day 19:
Quality business @ fair price
Quality business @ fair price
Day 20:
Speculation.
Speculation.
Day 21:
A clever person likes to solve the problem, whereas a smart person clearly avoid it!
Investing is not for clever people but it is for smart people. Be smart.
A clever person likes to solve the problem, whereas a smart person clearly avoid it!
Investing is not for clever people but it is for smart people. Be smart.
Day 22:
On ideal business.
On ideal business.
Day 23:
Dealing with people.
Dealing with people.
Day 24:
Invest on future growth of the business & not based on past glory.
Invest on future growth of the business & not based on past glory.
Day 25:
On "Circle of competence"
On "Circle of competence"
Day 26:
Spend money prudently...otherwise
Spend money prudently...otherwise
Day 27:
Invest only in this kind of businesses with this kind of mindset.
Invest only in this kind of businesses with this kind of mindset.
Day 28:
Simple businesses| Higher degree of predictability| Less vulnerable to technological disruption.
Simple businesses| Higher degree of predictability| Less vulnerable to technological disruption.
Day 29:
First focus on survival.
First focus on survival.
Day 30:
Choose the right "role models".
Choose the right "role models".
Day 31 :
On Leverage.
On Leverage.
Day 32 :
Advice to new investors.
Advice to new investors.
Day 33 :
Admit your mistakes and move on, it is a part of the game, and better if you understand this in the early stage.
Admit your mistakes and move on, it is a part of the game, and better if you understand this in the early stage.
Day 34 :
How to deal with advisors.
How to deal with advisors.
Day 35 :
Learn from everyone. But walk in your own path
Learn from everyone. But walk in your own path
Day 36 :
Keep the things simple & be disciplined (Remember: Looks simple but not easy
)
Keep the things simple & be disciplined (Remember: Looks simple but not easy
)
Day 37:
On Banking business.
On Banking business.
Day 38:
Compounding is a long journey.
Compounding is a long journey.
Day 39:
It is the path & not the speed. Be careful about the path you have chosen.
It is the path & not the speed. Be careful about the path you have chosen.
Day 41:
WB investing approach in a nutshell.
WB investing approach in a nutshell.
Day 42:
On valuations.
On valuations.
Day 43:
Whatever the rally... be it IT rally in the 2000s, Infra rally in 2007-08 & recent Graphite electrode rally....wise people made money but most of the retail investors entered in later stage & trapped.
Whatever the rally... be it IT rally in the 2000s, Infra rally in 2007-08 & recent Graphite electrode rally....wise people made money but most of the retail investors entered in later stage & trapped.
Day 44:
Longer the holding period = Risk
Longer the holding period = Risk
Day 45:
During crisis = Cash is king, at the same time your courage is also important.
During crisis = Cash is king, at the same time your courage is also important.
Day 46:
Think about this
Think about this
Day 47:
In a good time, even a mediocre business looks amazing.
Remember almost all IT companies trading at a ridiculous valuations b/w the late 90s to early 2000s & most of them now either disappeared or turned out to be a penny stock.
In a good time, even a mediocre business looks amazing.
Remember almost all IT companies trading at a ridiculous valuations b/w the late 90s to early 2000s & most of them now either disappeared or turned out to be a penny stock.
