Do trading in warren buffet style, and gain more and more profit on your investment. Here we are discussing top 10 warren buffets rules to riches.
1. Reinvest Your Profits: Don’t be tempted to spend your profits, reinvest the profit instead. Even a small sum can turn into great wealth.
2. Be Willing to Be Different: Don’t base your decision upon what everyone is saying or doing. judge yourself by your own standards.
3. Never Suck Your Thumb: Gather in advance any information you need to make a decision. Swiftly make up your mind and act on it.
4. Spell out the deal before you start: your bargaining leverage is always greatest before you begin when you have something to offer.
5. Watch Small Expenses: Be obsess over the tiniest costs. Exercising vigilance over every expense can make your profits.
6. Limit What You Borrow: Living on credit cards and loan’s won’t make you rich. when you’re debt-free, save some money for investment.
7. Be Persistent: With tenacity and ingenuity, you can win against a more established competitor.
8. Know When To Quit: Know when to walk away from a loss, and don’t let anxiety fool you into trying again.
9. Asses The Risk: Asking “and then what?” can help you see all of the possible consequences when making a decision.
10. Know What Success Really Means: Measure success by how many of the people you want to have love you, actually they love you.
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Source: optiontradingcalls.com
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