Warren Buffett: 5 golden rules for every investor

Warren Buffett is an American investor recognized as one of the most successful of all times. Furthermore, within the world of financeknew how to position himself as an example and a lighthouse when it came to thinking how to invest.

Over the years, the president and CEO of Berkshire Hathaway accumulated a great personal wealth through their investmentsso it is considered one of the richest men in the world.

One of the great lessons that Buffett applies to his actions as an investor and that buying from you is about importance of reflecting well on each step that will be taken in relation to investments. In that sense, it relies on the figure of the contracts to explain that can’t be undone once contracted and that, therefore, it is important previously analyze all its implications.

• Don’t be afraid to ask for more when selling, or less when buying:

The tycoon explains that the amount acquired with a sale, or the amount paid for a purchase, determines whether money is won or lost. In this context, he recommends Don’t be ashamed to ask a high price when selling and be careful about offering too little at the time of buying.

• You can’t make good deals with bad people:

Through this advice, Warren Buffett aims to recommend do business with honest people and honest. As indicated, as soon as you start to doubt about the trust you can have in the other person, it is better to cease all negotiation process since it will not have positive results.

• Rather than solving problems, it is better to avoid them:

A Golden Rule Buffett’s avoid getting into trouble and to do this he recommends doing the right thing at the right time. He explains that, in business worldIn many cases, getting out of problems requires a lot of money and good lawyers.

• Invest for life:

For Warren, it is important to manage investments like a marriage, that is, thinking carefully before making the decision to do it and long term planning.