12 Investing Lesson from the Richest Man on the Earth – Warren Buffett

12 Investing Lesson from the Richest Man on the Earth – Warren Buffett

Warren Buffett, also known as the Wizard of Omaha, the Oracle of Omaha, the Sage of Omaha, is an Icon to the world of investing and perhaps one of the most successful and richest man on earth today Warren Edward Buffett , born August 30, 1930, is an American business magnate, investor and philanthropist and  the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway and was ranked as the world's as the third wealthiest in 2015. In 2012, Time Magazine named Buffett one of the world's most influential people

Here are twelve lessons, from his quotes, that you can use to invest better

# Rule No. 1: “Never lose money; rule No. 2: don’t forget rule No. 1”

# Rule No. 3: “You only have to do a very few things right in your life so long as you don't do too many things wrong”

# Rule No. 4: ““It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you'll do things differently”

# Rule No. 5: “Risk comes from not knowing what you're doing”

# Rule No. 6: “Price is what you pay. Value is what you get”

# Rule No.7: “If a business does well, the stock eventually follows”

# Rule No.8: “Time is the friend of the wonderful company, the enemy of the mediocre”

# Rule No.9: “No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant” 

# Rule No 10: “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

# Rule No. 11: “The most important thing to do if you find yourself in a hole is to stop digging”

# Rule No. 12: “I always knew I was going to be rich. I don't think I ever doubted it for a minute”