Learning from Buffett's Wisdom

By Peter J. Tanous and Jeff Cox 

 

In our new book, The 30-Minute Millionaire, there's a chapter called "Buffett Rules."  We talk about learning from the ultra-rich.  Very few of us are going to emulate, say, Mark Zuckerberg and come up with a seemingly trivial idea that turns into a billion dollar business.  If you look in the right places, though, you'll find plenty of useful nuggets for your path to becoming a millionaire. Nowhere is this more apparent than with Warren Buffett, the Oracle of Omaha who built a business empire by following a remarkably simple set of rules: understand the companies in which you invest, don't chase returns, and don't expect to make a lot of money by taking on a lot of debt.  Also, learn how to take a loss, don't invest for the short term, and believe in America and the things that make it great.  Virtually every move Buffett has ever made is in line with these very simple and practical principles. Learn how you can apply Buffett's wisdom to your own investment decisions. [more...]