Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. – Warren Buffett

If you become fully aware of this: You'll be on your way to becoming a successful person in the business world

Never lose money! Sounds like a difficult rule, but it's an important one. You can start for being aware of all the situations that would involve a loss of money, so you can be meticulous and have a smart solution strategy.

Investments can be unpredictable; it’s recommended you inform yourself as much as possible, about how to start your investment plans. Read books, look for recommendations, and of course, take a look at the experienced investors’ careers so you can have an idea of what to do, or where to start. Nothing will help as the experience itself, but certainly you can save yourself some mistakes you might make, that could cost a lot of money. It doesn’t have to be perfect, but remember rule 1. The less money you lose, the better.

Warren Buffett is an investor and entrepreneur. He is considered one of the biggest investors in the world, and the president of Berkshire Hathaway. Also known as a philanthropist, he plans to donate 99% of his fortune to the Bill & Melinda Gates Foundation.

Related Articles

More News

More News