Warren Buffett once said: “Someone is sitting in the shade today because someone planted a tree a long time ago.”
Millionaire investors already build the road to success. All we have to do now is follow their steps.
That is how I started my investing career almost 15 years ago – l learned from influential billionaires and tried to apply their advice in my daily investment strategies.
Today there are over 1,400 billionaires around the world. From the stock market to commodities, they are all involved in some form of investing.
Here are some investing lessons we can learn from them.
- Think Long Term
The CEO of Berkshire Hathaway and one of the most influential investors, Warren Buffett is famous for being a value investor. He buys stock in undervalued companies and holds them for a long time. Preferably, forever.
His advice: Go for long-term, stable investments over short-term investments
“Only those who are asleep make no mistakes.” Ingvar Kamprad, Founder of IKEA
Some of the most successful investors hold this mindset, and that should tell you something…
Successful people also make mistakes!
The advice: Don’t be afraid to make mistakes. Use them to learn and grow
3.Pay attention to what they do, not what they say
Who are you taking financial advice from?
Most people love to give advice but is their money where their mouth is?
Do they follow their advice? And how’s that working out for them?
Successful investing is about taking action, not just talking about it.
The advice: Only listen to successful people; people who do what they say.
What lessons have you learned about investing? Let us know in the comments below.