Here’s What Billionaire Investor Warren Buffet Has To Say About Investing

Financial AdviceJune 12, 2019

The internet is full of advice for how you should invest your money into stocks that will pay off big time in the future. Lots of people have built their portfolios successfully and have made millions in the stock market by beating it, which has in turn granted them celebrity status since everyone wants their insight and advice into what they should do next.

However, when it comes to investments, no one is more qualified to give you guidance than Warren Buffet, who’s perhaps the most successful investor of all time. Here’s some wisdom that he has to share with the rest of us:

Don’t diversify you investments

This might come as a shock to many of you, but according to the best investor on earth, you shouldn’t diversify your money too much. If you’re a complete beginner, then doing this might be excusable since you don’t have the experience or knowledge to trust themselves with funds for long term investments. However, if you’ve got the know-how and feel of the market, then you should trust your gut and go with long term investments in stocks that you think are going to do well rather than investing in everything in order to remain safe. Buffet states that it’s far better to wait for the right opportunity and go all-in on it rather than spreading out your money for small gains.

Make investments in yourself

Many people don’t see themselves as capital, but Warren is pretty clear on the notion that investing in yourself is one of the smartest moves that you can make. This includes time and money, as learning new skills and abilities will make sure that you’re able to achieve more as time goes on. There’s more to life than stocks and Warren doesn’t doubt that at all. In fact, his partner, Charlie, goes as far as to say that you should invest an hour a day in yourself.

Don’t be afraid to go against the flow

Another thing that aspiring investors need to keep in mind is that no one knows for sure what’s going to happen in the market. You’re going to get advice from every direction, but it’s important to stick to your gut instinct and not be afraid of being wrong. According to Warren, this is one of the most difficult things to do. However, it’s the only way that you’ll be able to beat the market as well. Just make sure you have the necessary amount of knowledge and research done before you make a step like this. It might not always work in your favor either, but it’s important to keep your chin up and to keep on going. You’re going to have to learn from your mistakes and have the dedication to keep on striving for more, and you’ll become just like the famous investors that you aspire to be like.