Warren Buffett's annual shareholder letter is out. A few key gems to those who want to accumulate (not gamble) wealth:
- "it is insane to risk what you have and need in order to obtain what you don’t need"
- "Avoid debt". Market declines routinely occur. When they do, being debt-free opens up some great opportunities.
- "What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period – or even to look foolish – is also essential."
- "Stick with big, 'easy' decisions and eschew activity." Buffett argues that plethora of trading activity is not necessary or even conducive to long-term gains. Stick to a low-cost index fund that tracks (say) S&P 500.
Enjoy the complete letter
Submitted February 24, 2018 at 09:38PM by arnexa http://ift.tt/2sRWsHU
