Price is what you pay. Value is what you get
Sometimes, stocks or businesses may be priced lower than their intrinsic value due to market inefficiencies or temporary conditions. Buffett advises buying when the price is below the value, ensuring you’re getting more than what you’re paying for.
Assert Yourself: Believe in Your Abilities and Stand Strong
Don’t be afraid to assert yourself, have confidence in your abilities, and don’t let the bastards get you down
Long-Term Thinking
“I think it is possible for ordinary people to choose to be extraordinary.” The idea of long-term vision. In the world of finance and investment, this translates to having the patience to wait for your investments to pay off in the future, even when market conditions are uncertain.
The Key to Making Good Decisions: Calculated Risk is Learnable
“The key to making good decisions is the ability to take a risk, which is something that can be calculated and learned.” The importance of taking calculated risks in finance, which is a core principle in both personal investing and brokerage management. Understanding how to weigh risks and rewards is essential in making smart financial…
Always be Patient
The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade
The Profit of Patience
If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money
Mindset of Trading
Amateurs think about how much money they can make. Professionals think about how much money they could lose
The Power of Patience
If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money
Surround Yourself with Your Aspirations
The fastest way to change yourself is to hang out with people who are already the way you want to be
If You Find Yourself in a Hole, Stop Digging
In the context of compound interest, the idea is to stop making unwise investments or decisions that will compound your losses over time. Instead, focus on stabilizing and making decisions that will improve your situation in the future. Once you stop losing, you can begin the process of rebuilding.