Warren Buffett, the “Oracle of Omaha,” is one of the world’s most successful investors. Below are five rules that illustrate how he thinks about investments. Following all of them will dramatically improve your odds of investing success. Warren Buffett Rules #1: Never lose money.
Rule #2: Do not forget rule #1. “Never lose money” is a philosophy for investing. It means something simple: There’s no such thing as “play money.” You don’t go out and speculate without any back up or research. You remain disciplined, whether your account is up or down. No casino attitude. There’s no such thing as the house’s money. It’s ALL your money, and it’s all to be protected. Think of an investment this way: If you are 30, and you have an investment and throw it away, you’re not only losing the whole portfolio, but also you are permanently destroying all of its future...