A billionaire advised how to multiply wealth in 2025: 3 main tips
the author of the YouTube channel “Maybe everything” also told how to properly count and to communicate in the way. If our positions were the opposite, that is, if you were CEO of Berkshire, and my family were passive investors who trust you our savings, ”Buffet wrote in his letter.
Recognize your mistakes . Turning to investors, Buffet mentioned the advice of his long -standing business partner Charlie Manger: “The greatest sin is to postpone the correction of mistakes.” Problems cannot be delayed, they require actions that are uncomfortable.
do not avoid stocks. Even in an unstable economy, the company can continue to profit – it can help the owners of these companies to create long -term wealth.
follow the favorable transactions. Buffet prefers to buy companies that are trading cheaply compared to their internal cost. First of all, overestimate the reason for the purchase of shares, and if the fundamental indicators of the company are still strong – for example, growing income, stable balance and a stable competitive advantage over competitors – you should not worry about short -term fluctuations in shares.
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