Having spent the last three decades of my life in the money world, I am frequently asked what are the smartest investing tips I would offer people looking in retrospect for someone starting his money career today….
Well here are my basic tips – some trivial , others much less obvious – for anyone wanting to build something not just of value but most importantly of meaning too.
1. It is not easy. Even some of the legendary investors like Jesse Livermore says it took him 5 years to learn. Warren Buffett began when he was 8 and learned the Graham approach when he was around 22. So it took him 14 years. Why should it take anybody less? There is no ‘silver bullet’. Investing is hard work and overnight success is indeed 15 years.
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