Whether you’re just getting started in the world of investing or you’ve been an active participant for a while — it’s incredibly beneficial to learn from top investors who’ve become successful through investing. I’m Dr. Anosh Ahmed; I’ve found success as an investor by listening to the lessons of others who have found fiscal success through investing. You can avoid making a costly decision by learning from someone else’s mistakes and lessons. Here are five of my favorite lessons regarding investing from top investors:
1. Warren Buffet
One of my favorite lessons comes from Warren Buffett — one of the most successful investors of all time with a net worth of $100.7 billion. Warren emphasized the importance of doing thorough research on companies before potentially investing: “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Essentially, you should conduct research and be confident that you’re investing in an organization that will be successful moving forward. While you could invest in a fair company at a wonderful price, it’s more beneficial to invest in an excellent company for a fair price.
2. Prince Alwaleed Bin Talal
Prince Alwaleed Bin Talal is a well-known investor with some notable investments, including companies like Twitter (TWTR) and Snap (SNAP). He also found success through founding the Kingdom Holding Company and making a significant bet on Citigroup (C) predecessor Citicorp — becoming the bank’s largest shareholder. While many of his investments seemed questionable at times (like during the recession in 2008), he decided to hold his investments throughout it all. He says, “I’m a long-termer. I’m not a seller.” Perhaps we can learn from Prince Alwaleed Bin Talal’s decisions to hold investments long-term — and not get caught up in the short-term game.
3. Benjamin Franklin
While Benjamin Franklin hasn’t participated in the modern-day stock market, his words of wisdom are still relevant today. He famously said, “An investment in knowledge pays the best.” The importance of researching and gaining a thorough understanding of each organization before investing is one of the most critical aspects of investing!
4. George Soros
George Soros is an American billionaire who’s undoubtedly had success investing in the market. He believes that investors shouldn’t try to predict where the market will go: “The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” Essentially, George is stating that investors should make timely decisions about investments. No one should bank on the market going a certain direction — investors should prepare for different scenarios and capitalize when the timing is right.
5. Bill Gross
Last but not least, Bill Gross provides an interesting and valuable perspective about diversification. He said, “Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count. Good [investment] ideas should not be diversified away into meaningless oblivion.” While many believe that diversification gives a higher probability of success, investing more funds into a stock you really believe in may pay off more in the end.
Join me, Dr. Anosh Ahmed, in making a profitable investment in this rapidly growing technology sector.
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This article is not an advice/suggestion to invest. The sole purpose is to provide information to the readers.
Source: Story.KISSPR.com
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