Rule No. 1: Never lose money. Rule No. 2: Never forget the first rule. Those rules are from Warren Buffett, a man who knows his dollars from his pennies. But what about us mere mortals? We can read the two rules above and agree all we want, but how do we practice them in everyday life? By following some common sense principles of money management. Show More Summary
To understand why Buffett might be starting to look at tech, you first have to look at some the rules that govern his investment philosophy.
1. Someone is sitting in the shade today because someone planted a tree a long time ago. – Warren Buffett 2. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. – Warren Buffett 3. Chains of habit are too light to be felt until they are too heavy to be broken. – Warren […]
This article originally appeared on the Motley Fool. Hillary Clinton supporter and billionaire investor Warren Buffett doesn't believe the wealthiest Americans (himself included) are paying enough taxes. Here's how he and the Democratic...Show More Summary
The five-hour rule refers to spending at least five hours a week on improving your skill, and it's something practiced by Warren Buffett, Oprah Winfrey, Bill Gates and other very successful people, according to an article at inc.com. The article's...
Top business leaders often spend five hours per week doing deliberate learning.
This simple rule can make you more productive, wealthy, and happy - and these tips will help you use it.
Charlie Munger settled into his seat in front of the crowd at the University of Southern California. It was 1994 and Munger had spent the last 20 years working alongside Warren Buffett as the two men grew Berkshire Hathaway into a billion-dollar...Show More Summary
Warren Buffett once shared one of his homespun philosophies on money, "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." As CEOs and CFOs seek growth strategies, often overlooked is one of the most fundamental -- identifying low hanging fruit where they can save money [...]
Book review: There is a lot to like in Jeremy Miller’s Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters...
Charlie Munger and Warren Buffett have often argued that it's smart to "i nvest in a business any fool can run, because someday a fool will." Or, as Buffett explained it in more detail back in 2010 in an interview with the FCIC: "IfShow More Summary
The latest missive from Omaha hews to a familiar Oracle tradition. Asset-liability mismatches and unofficial accounting metrics get both mocked and embraced, just like investment bankers, derivatives and tech stocks before them. Homespun wisdom is for lesser investing mortals.
Warren Buffett has said time and time again that he invests in simple companies with vigilant leadership. And it's the lack of those that has been bothering investors in Valeant over the last few days, as the stock has been a total whipsaw. On...Show More Summary
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1. - Warren Buffett Preserving and transferring wealth is the primary components of a successful wealth management plan. A wealth preservation strategy can ensure that assets not only grow over time but also provide a legacy for one's family. Show More Summary
Kay Bell (Don't Mess With Taxes), Delayed State Tax Refunds in Illinois, Louisiana & Utah Because of Tougher Tax Identity Theft Procedures Bloomberg, Clinton Says January Tax Proposals Will 'Go Beyond' Buffett Rule Bloomberg BNA Estate Tax Blog, Taxpayers Left Without a Legg to Stand on as Tax Court Imposes...
Democratic presidential front-runner Hillary Clinton will unveil proposals this month that will “go beyond the Buffett Rule” to raise the effective tax rates paid by the wealthiest Americans, she said. ||| New York - Democratic presidential...Show More Summary
On Wednesday, Nevada’s Public Utility Commission (PUC) radically revised the state’s net- metering (NEM) rules, which determine the price utilities pay for electricity supplied by customer-sited solar panels to utilities. Under the revised...Show More Summary
Hillary Clinton is hoping that Warren Buffett’s reputation for picking winners extends well beyond the boardroom. The “Oracle of Omaha” endorsed Clinton on Wednesday in, where else, Omaha, as she pledged to seek further tax increases on the very wealthy. Clinton said as president she would expand on the Obama administration tax proposal nicknamed for […]
Take us back to dock, Jimmy Buffett…”I used to rule my world from a pay phone and ships out on the sea; but now times are rough, and I got too much stuff–can’t explain the likes of me. But there’s this one particular harbor, so far but yet so near; where I see the days […] The post Below Deck Finale Recap: Eros Spelled Backwards Is “Sore” appeared first on Reality Tea.
“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.” — Warren Buffett Buffett’s quote seems to state the obvious, but what does it mean for the average investor? My translation is this: Chasing the big market gains feels good, but protecting against market losses is what leads to... The post The Tortoise in Your Portfolio appeared first on The Simple Dollar.