Buffet on Becoming Successful

Berkshire Hathaway CEO Warren Buffett shares advice on becoming successful
Rule No. 1: Never lose money. 

Rule No. 2: Never forget rule No.1
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Remember that the stock market is a manic depressive.
The most important thing to do if you find yourself in a hole is to stop digging
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.
Price is what you pay. Value is what you get.
Beware the investment activity that produces applause; the great moves are usually greeted by yawns.
Risk comes from not knowing what you are doing.
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