Thread on 50 GOLDEN RULES of Warren Buffett ( One Rule Per …

Day 2:

To understand Investing you need not required to be a genius. Investing is not a rocket science.

Day 3 :

Personal Finance.

Day 4 :

Margin of safety.

Image Courtesy: Prof. Sanjay Bakshi blog.

Day 5:

Management.

Day 6:

Start Early.

Day 7 :

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.

Day 9 :

Risk.

Day 10:

Prediction🔮

Day 11:

Investor & Market fluctuations.

Day 12 :

Focus on Process.

Day 13:

Invest in yourself.

Day 14:

Honesty.

Day 15:

How about investing in turnaround stories?🤔 👇

Day 16:

Your inner scorecard matters.

Day 17:

Handful of few good stocks are enough.

Day 18:

Associate with people better than you 🤝

Day 19:

Quality business @ fair price 👊👊

Day 20:

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.

Day 22:

On ideal business.

Day 23:

Dealing with people.

Day 24:

Invest on future growth of the business & not based on past glory.

Day 25:

On "Circle of competence" ⭕

Day 26:

Spend money prudently...otherwise👇

Day 27:

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.

Day 29:

First focus on survival.

Day 30:

Choose the right "role models".

Day 31 :

On Leverage.

Day 32 :

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.

Day 34 :

How to deal with advisors.

Day 35 :

Learn from everyone. But walk in your own path 🛤️

Day 36 :

Keep the things simple & be disciplined (Remember: Looks simple but not easy 😊)

Day 37:

On Banking business.

Day 38:

Compounding is a long journey.

Day 39:

It is the path & not the speed. Be careful about the path you have chosen.

Day 40:

Sharing wealth.

#Respect 🙏

Courtesy: The giving pledge web portal.

Day 41:

WB investing approach in a nutshell.

Day 42:

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.

Day 44:

Longer the holding period = Risk 🔽

Day 45:

During crisis = Cash is king, at the same time your courage is also important.

Day 46:

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.