He bought a five-bedroom house in 1958 and has been living there ever since. Expenditure on his lifestyle is minimal too. At this age the best quote attributed to him is: “If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster. Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you.”
Presented here are some of his investing lessons.
• “Never lose money, that’s Rule No. 1. And the second rule is ‘Never forget rule No.1.’”
• “Never invest in a business you cannot understand.”
• “The three most important words in investing are margin of safety. It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.”
• “If a business does well, the stock eventually follows. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments. All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.”
Diese Geschichte stammt aus der September 2022-Ausgabe von Indian Economy & Market.
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Diese Geschichte stammt aus der September 2022-Ausgabe von Indian Economy & Market.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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Face to Face
\"We believe ourselves to be service providers and not any goods manufacturer\"
THE REALITY OF CORPORATE ESG INITIATIVES
Today, environmental, social, and governance (ESG) considerations dominate business discussions and have become an integral part of the strategies of many organisations in different industries. While some companies are grappling with these new standards and commitments, others, already aligned with the Sustainable Development Goals (SDGs), are well prepared to meet the evolving regulations and standards related to corporate social responsibility (CSR) and ESG.
Standard Capital Markets Ltd. Incorporates Subsidiary for Insurance Broking
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THE IMMINENT MIDDLE EAST WAR
Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.
