Warren’s Wise Words of Wisdom for Wealth
Warren Buffett, 82, is the billionaire investor from Nebraska who has earned the reputation as the “Oracle of Omaha” because of his stock-picking savy and Wall Street wisdom.
From the book “Tap Dancing To Work: Warren Buffett On Practically Everything” we found these wise words of Warren Buffett’s wisdom.
“On how much to leave the kids?”
The perfect amount is enough money so they would feel they could do anything, but not so much that they could do nothing.
“On thinking independantly”
You’re neither right nor wrong because people agree with you. You’re right because your facts and reasoning are right.
“On picking stocks for the long term”
You should invest in businesses so good that even a fool can run them, because someday a fool will.
“On investing in America”
For most investors, buying an index fund over a long period of time makes the most sense. Just make sure you own a piece of American business. Business’s will continue to deliver goods and services. These commercial “cows” will live for centuries, and proceeds from the sale of their “milk” will compound for the cow’s owners-just as they did during the 20th century when the Dow increased from 65 to 11,497 (and paid loads of dividends as well)
