B.Gokulraj

Warren Edward Buffet is an American business magnate and investor. He is currently the CEO of Berkshire Hathaway, which owns more than 60 companies including insurer GEICO, Duracell, and restaurant chain Dairy queen. Warren Buffett acquired 99% of his assets after the age of fifty. Buffett, who made $1 million at the age of 30, has a fortune of over $1 billion at the age of 56. At the same time, the world has forgotten that Buffett is the work of humble beginners. That investment journey started when I was 11 years old. It shows one can buy stock investing at a young age. He bought three shares of Cities Service Preferred for himself, and three for his sister Doris Buffet. By the age of 16, he had reached a manageable level of over $50,000; They were able to earn more than the teachers. In 1962, Buffett became a millionaire because of his partnerships, which in January 1962 had an excess of $7,178,500, of which over $1,025,000 belonged to Buffett. He merged these partnerships into one. Today, Buffett is one of the richest men in the world. He marvels at the stock market, testifying that not a single dollar has been invested anywhere except with a long-term view. Buffett advises investors as they turn 90: Rule number 1 - Never lose money in the stock market. This means investing in stocks only after you have done your homework and research properly. Rule number 2 - Do not forget rule number 1. Rule number 3 - you pay the price, and you get the value. Rule number 4 - Buy only what you want to hold on to for a long time, otherwise get out of it right away. Never invest in a business that you do not understand. If you do not know the specific area or company, never dare to take risks or invest in gambling. Rule 3 and 4 simply mean that one should not fall prey to temporary market phenomena, and invest with a long-term perspective. Rule number 5 - If a business is doing well, the stock will definitely improve. Rule number 6 - A company that expects amazing performance is much more likely to buy at a fair price than a company that operates at a fair price is buying at a fair price. It is important to buy a strong company at the right price. It is not a matter of offering you a fair price, it is a matter of getting it. Never buy a company that does not make it possible. Whenever a company is strong, the stock price stays high. Rule number 7 - Be patient. The stock market always rewards the patient investor for maintaining the investment. Rule number 8 - Buy quality stocks when correction occurs. Sell ​​when there is too much greed in the market. Opportunities do not come regularly. Even when the market is down, loopholes can be found. Make the most of it. Rule number 9 - Dream big, interact with the right people, be careful to maintain your public image and reputation, be honest with others, and do what you love. Rule number 10 - return a portion of the money earned to the community; That is, try to be human without ever being selfish.