Warren Buffett's 5 Rules For Investing
Fortune Magazine has an excerpt from Warren Buffett's always-anticipated annual letter to Berkshire Hathaway shareholders.He discusses two past property investment he had made. The first was a 400-acre farm in Nebraska, which he paid $280,000 for in 1986. The second was retail property near New York University in 1993.
Both investment were made after prices collapsed.
"Income from both the farm and the NYU real estate will probably increase in decades to come," he said. "Though the gains won't be dramatic, the two investments will be solid and satisfactory holdings for my lifetime and, subsequently, for my children and grandchildren."
Buffett bulleted five fundamentals of investing, which we paraphrase:
Read the whole except at Fortune.CNN.com.
Some classic Buffet quotes on investing:
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
Source: Business Insider
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