TAO OF WARREN BUFFET #2

Patience
Patience

I made my first investement at the age of eleven,

I was wasting my life up until then.

It is good to find ones calling early in life,& in the field of investing it allows for unparalleled opportunities for the magic of compounding sums of money to work. The time to gamble is not when one is young ,when there is so much time ahead to profit from wise decisions.

The stock that warren bought when he was eleven was in an oil company called City Services .He bought three shares at 38$ ,only to watch  it to sink it to 27$. He sweated it out and ,after it recovered ,sold it at 40$ a share. Shortly thereafter ,it soared to 200$ a share he learned his first lesson in investment – Patience.

Good things do come to those who wait  – provided you pick the right stock.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s