Warren Buffett investment technique: Here's what makes the Oracle of Omaha super rich
Warren Buffett, one of the world's richest man in the world, believes that one really should not make decisions in securities based on what other people think. Instead, do the homework on companies one feel like he\she can evaluate better than others.
Everybody wants to get rich. People follow those who have earned respect in the field of investment. When we are talking about investment, how can we forget Warren Buffett - the man synonymous with investment. Warren Buffett, one of the world's richest man in the world, believes one should not make decisions in securities based on what other people think. Instead, people should do the homework on companies on their own and they would feel he\she can evaluate better than others.
Buffett also says that the keen investor should never try to listen to macroeconomic calls when making individual decisions. “You cannot get rich with a weather vane,” says one of his statements.
During a stock trade, someone buys the share, while the other one sells it. So, the decisions of both investors are different. Therefore, an investor should never really listen to anyone when investing.
If it would have been so easy to become a millionaire, each one out in the market should have been seen roaming with millions in hand. Becoming rich requires hard work, dedication, planning, research and smart decision making, feels the Oracle of Omaha.
"I always trust my choices, though sometimes, I fail making good ones but still believes my own guts and knowledge,'' says Buffett. Nobody is perfect or has a sense about a company or business that is going to do miracles in future. So, don't believe anyone, do what your heart says.
While this advice from Buffett is quite old, it still stands strong in the market, helping investors to learn and earn.