We all can learn a few things from Warren Buffett, the third richest man in the world and one of the greatest investing minds. Kendrick Chua explained 3 tips on investing in stocks from Warren Buffett:
- Never lose money: When investing, do proper and thorough research. Don’t overlook risk while there is also a need to prevent losses
- Socks or stocks – Buy quality when marked down: Buffett advises us to buy when things are on sale – whether they are socks or stocks
- Be greedy when others are fearful (and vice versa): Buffett advises investors to go against the herd. Herd mentality is common when the market reaches new heights.