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Never forget rule No.

1, is rule No.

2.

Working from a loss makes it more difficult to even go back to where you started, let alone make gains.

ai for personalized news recommendations ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month. Buffett stated another important maxim in the 2008 Berkshire Hathaway shareholder letter: "Price is what you pay; value is what you get." When you spend money on things you won't use often or at a price that is higher than the value you receive, you run the risk of losing money.

ai for personalized news recommendations ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month. Buffett stated, "Most behaviour is habitual, and they say that the chains of habit are too light to be felt until they are too heavy to be broken," in a speech given in 2007 at the University of Florida.

ai for personalized news recommendations ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month. Buffett, unlike many Americans, did not labour to pay interest; instead, he made interest work for him.

In a 1991 lecture at the University of Notre Dame, Buffett claimed, "I've seen more people fail because of liquor and leverage being borrowed money." "Leverage is really not necessary in this world.

You can make a lot of money without borrowing if you're smart.

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In the 2014 Berkshire Hathaway annual report, Buffett stated, "We always hold at least $20 billion and frequently substantially more in cash equivalents.

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When he added, "Anything you do to improve your own talents and make yourself more valuable will pay off in terms of appropriate real purchasing power," he stated those remarks in an interview with CNBC.

Learning more about money management should be a part of your investment in yourself.

ai for personalized news recommendations ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month. As an investor, Buffett spends a lot of his time reducing risk and exposure.

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For many years, Buffett has offered this counsel.

"If you invested in a very low-cost index fund where you don't put the money in at one time, but average in over 10 years, you'll do better than 90% of people who start investing at the same time," stated Buffett at the 2004 Berkshire Hathaway annual meeting.

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