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์๋ฐ ๋ฒํ์ 1990๋ ๋ ์ด TV ์ธํฐ๋ทฐ๋ฅผ ๋ถ์ํ ๊ต์ก ์์์ผ๋ก, ํฌ์ ์์น์ ์ ๋ฆฌํ๋ค. ํต์ฌ ์์น: ์ฒซ์งธ ๋์ ์์ง ์์ ๊ฒ, ๋์งธ ์ฒซ ๋ฒ์งธ ๊ท์น์ ์์ง ๋ง ๊ฒ. ๊ฐ์น๋ณด๋ค ํจ์ฌ ์ธ๊ฒ ์ฌ๋ฉด ์์ค ์ํ์ด ์ค์ด๋ ๋ค๊ณ ์ฃผ์ฅ. ํฌ์์์ ๊ธฐ์ง: ๋์ IQ๋ณด๋ค ์์ ๋ ์ฑ๊ฒฉ๊ณผ ๊ฐ์ ํต์ ๊ฐ ์ค์. ๊ตฐ์ค๊ณผ ๋ฐ๋๋ก ๊ฐ๋ ๊ฒ์ด ๋ชฉ์ ์ด ์๋๋ผ ์ฌ์ค๊ณผ ์ถ๋ก ์ด ๋ง์์ผ ํ๋ค๊ณ ๊ฐ์กฐ. ์ฃผ๊ฐ๋ณด๋ค ์ฌ์ ์์ฒด: ๋ฒํ์ ์ฃผ๊ฐ ์์ง์์ ์ ๊ฒฝ ์ฐ์ง ์๊ณ ๊ธฐ์ ๊ฐ์น๋ฅผ ๋จผ์ ํ๊ฐํ๋ฉฐ, ์์ฅ์ด 5๋ ๊ฐ ๋ซํ๋ ์๊ด์๋ค๋ ์ ์ฅ. ๊ณผ๋ํ ์๊ทน ํํผ: ์๊ฐ์ ์ ๋ณด ๊ณผ์์ ๊ฐ์ ์ ๋งค๋งค์ ์งง์ ์์ผ๋ฅผ ๋ณ์ผ๋ฏ๋ก ๊ฑฐ๋ฆฌ๋ฅผ ๋ ๊ฒ์ ๊ถํจ. ์ญ๋ ๋ฒ์: ์์ ์ด ์ดํดํ๋ ์ฐ์ (์: ๊ธฐ์ ์ฃผ๋ฅผ ์ค๋ ํผํจ)์์๋ง ํฌ์ํ๊ณ , ๊ธฐ๋ค๋ฆฌ๋ค ์ข์ ๊ธฐํ์๋ง ๋ฒ ํ ํ๋ผ๋ ์์น. ํ๊ณ์ ๋ฐ์ดํฐ ๋ถ์(์์ผ, ์ ๊ฑฐ ์ฃผ๊ธฐ, ์ํ์ฃผ ํจ๊ณผ ๋ฑ)์ ์ฌ์ ํฌ์ ๊ด์ ์์ ์ค์ํ์ง ์๋ค๊ณ ๋ด. ์ฅ๊ธฐ ๋จ์ ์ ๋ต์ด ์์ ํ๊ณ ์์ต์ ๋ณด์ฅ์ ๊ฐ๊น๊ฒ ํ๋ค๊ณ ๊ฒฐ๋ก . ์์ ๋ง๋ฏธ์๋ ํด๋น ์ฑ๋์ ์ ๋ฃ ํฌ์ ๊ฐ์(50% ํ ์ธ ๊ด๊ณ )์ ์ฆ๊ถ์ฌ ์ฑ ์ ํด ๋งํฌ๊ฐ ์๊ฐ๋จ.
๋ค๋ฌ์ ๊ธ
first of all an investment is don't lose and the second investment is don't forget the first rule and that's all the rules there are same okay this is the month way let's watch analyze Warren Buffett's first TV interview ray talks about is investing principles beginners and pros can learn a lot from one of the best investors will analyze every point in making and see how we can apply it to our own investing style subscribe hit the bell and leave a like for more investing videos I make these every day and make sure to join monks market mastery in the description below they complete fully animated course on a stock markets including a section for the market crash it's 50% off for the first 20 people who uses the link below I also included two of the best investing apps in repo and one finance both are free to trade get to stocks from up to $1,000 on weibo and buy big stocks like Amazon for pennies on m1 Finance links in the description below let's start with the video will stop the video and analyze it as it goes along this is an interview and aired it unto a five so Warren will be 55 here first vault on investment is don't lose and the second order on investment is don't forget the first rule and that's all the rules there are I mean that if you buy things for far below what they're worth and you buy a group of them you basically don't lose money his first point is to never lose money being rules one and two now what does he mean by this exactly as an investor of a trader you don't have lose any money is almost inevitable there's no way to pick the perfect stock every time sooner or later we will be down 20 to 50 percents on a company what war means is this don't panic sell when your stock is in the red you don't actually lose money until you sell a stock so if you picked the right company with the right research over the long term it should go off or go back up if it dropped this is why immense by buying things you know what they're worth if I could come beyond a good sale logically they company will go back up if nothing out of the ordinary happens this is why the more research you do the better Lori is known for buying and keeping a company forever let's continue on what do you consider the most important quality for an investment manager it's the temperamental quality not an intellectual quality you don't need tons of IQ in this business I mean you have to have enough IQ to get from here to downtown Omaha but but you do not have to be able to play three-dimensional chess or be in the top leagues in terms of bridge playing or something of the sort you need a stable personality you need a temperament that neither derives great pleasure from being with the crowd or against the crowd because this is not a business where you take polls it's a business where you think and then Graham would say that you're not right or wrong because a thousand people agree with you and you're not right or wrong because a thousand people disagree with you you're right because your facts in your reasoning or right things you don't need a high IQ in order to be a good investor this is very true because anyone can read some simple stock numbers anyone can research Apple as Sitter doing well it might do well in the future all it takes is time and a bit of effort if you take a week to research your next investments I bet you affect something good but what you need is a stable personality or emotions this means not being an emotional trader it's very easy to get caught up in the news when I start dropping when everyone is doing one thing the human mind will tell you to do the same but if you can stay calm and look that facts of the business look at all the research you've done ok go against a crowd and buy one everyone else's son it doesn't take high intelligence but it does take emotional instability which is not always easy to have it really helps to think of the money you're investing cause that's for money don't need the less emotions tighter that money and it more facts better continuing 1 what do you do that's different than 90% of the money managers who are in the market certainly most of the professional investors focus on what the stock is likely to do in the next year to avail all kinds of all kinds of arcane methods of approaching that but they do not really think of themselves as owning a piece of a business that the real test of whether you're investing from a value standpoint or not is whether you care whether the stock market is open tomorrow if you're making a good investment in a security it shouldn't bother you if they close down the stock market for five years all the ticker tells me is the price and I can look at the price occasionally to see whether the price is up outlandish ly cheap or outlandish lehigh but what prices don't tell me anything about a business business business figures themselves tell me something about a business but the price of the stock doesn't tell me anything about a business I would rather value a stock or a business first and not even know the price so that I'm not influenced by the price in establishing my valuation and then look at the price later to see whether it's way out of line with what my value is what makes one Buffett different traders Warren doesn't look at the price of a stock price movement does not make a difference to him because he's not buying stocks well he is literally placed investing in actual business itself if the market closes for five years why would it matter he knows the business he bots will continue to grow and stay healthy the average person might look at that price group and daily and be subjected to mistakes from the previous two points it's very easy to trade motion alee and so on a loss if you think of the stock market is a place to gamble companies instead think of it like you bought the whole company if you've done your research price movements week to week is just noise warren buffett's with research companies republican to price only when a business looks good where you look at the price and the market cap of the Missis is underweight considers a good value you would buy that company let's go on some Buffett chose to stay in this world Omaha Nebraska where corn grows just minutes from downtown now Omaha is a nice town but nobody claims it's a world financial center here the only thundering herd is actually on four feet occupied Omaha a little bit off the beaten track for the investment world well believe it or not we get mail here and we get periodicals and we get all the facts needed to make decisions and unlike Wall Street you'll notice we don't have 50 people coming up and whispering in our ears that we should be doing this or that this afternoon you appreciate the lack of stimulation sigh here I like the lack of stimulation we get facts not stimulation here how can you stay away from Wall Street well if I were in Wall Street I'd probably be a lot poor at you get over stimulated in Wall Street and you hear lots of things and and you may you may shorten your focus and a short focus is not conducive to to long profits and here I can just focus on what businesses are worth and I don't need to be in Washington to figure out what the Washington Post newspaper is work and I don't need to be in New York to figure out what some other company is worth that's it's it's simply it's an intellectual process and unless the most static there is in that an intellectual process really the better off you are looks like Lauren doesn't like to be on Wall Street because I'm over stimulation which can cause emotional trading this is a very simple points kind of like not reading the news every day i buy a company we're checking the price movement do much the calmer you are the better an investor continuing what is the intellectual process intellectual processes is defining your level defining your area of competence and valuing businesses and then within that area of competence finding whatever sells at the cheapest price in relation to value and there are all kinds of things I'm not competent to value there are few that I am comforted to value have you ever bought a technology company no I really haven't in 30 years of investing not one I haven't understood any of my so you haven't ever owned for example IBM we never owned I believe Marvin's company I made a sensational company but I haven't known IBM and so here is this technological revolution going on and you're not gonna be a participant right to ask me is that all right with you it's okay with me all right I don't have to make money in every game I mean I don't know what cocoa beans are gonna do I don't you know I there are all kinds of things I don't know about and that may be too bad but you know why should I know all about a man work that hard on the intellectual process is choosing your sector we all understand certain things are down there people Lauren doesn't understand technology as much being older man but as young men we can't stand stocks like Apple Amazon Netflix a lot better check into your area of expertise is a good idea imagine investing in Romans fashion when you're a man who knows nothing about it so Warren Buffett hasn't bought one technology company at the time of the interview he has recently bind to Apple so he likely did a lot of research on that she was perfectly content not being a part of this sector I do understand his meaning but I think even each change in mind about this it doesn't hurt to stay informed about the latest trends and get a good grasp of it over time so there might be more opportunity but you should definitely understand why you're investing into we continue in securities business you literally every day have thousands of the major American corporations offered you at a price and a price that changes daily and you don't have to make any decisions you have to make that nothing is forced upon you so you there are no called strikes in the business the picture just stands there and throws balls at you and if you're playing real baseball and it's between the knees and the shoulders you either swing or you got a strike call I need to get too many calls I knew you're out in the securities business you sit there and they throw us steal a 25 and they throw General Motors at 68 you don't have to swing at any of them they may be wonderful picture to swing at but if you don't know enough you don't have to swing and you can sit there and watch thousands of pitches and finally you get water right there where you want something that you understand and then you swing and so you might not swing for six months you might not swing for two years its net boring it would it would bore most people and certainly boredom is is a problem with most professional money managers if they if they if they try sit to sit out an inning or two not only do they get somewhat antsy but their clients are starting yelling to start yelling swing you bum you know from the from the stands and that's very tough for people to do he's comparing investing to baseball but investing is a lot more relaxed opportunity might come every year or even every other year you never have to pick a company to buy of course he's also a believer in not timing the markets what it means is that picking one perfect company doesn't have to happen instantly let's go on one your your approach seems so simple why doesn't everybody do it well I think partly because it is so simple that the academics for example focus on on all kinds of variables partly because Emma cumene of professors right yeah the data and business school sure that and the data is there so they focus on whether if you buy stocks on Tuesday and sell them on Friday your better offer people I'm in election years and sell them in other years you're better off if you buy small companies there are all these variables because the data are there and and they've learned how to manipulate data and as a friend of mine says to a man with a hammer everything looks like a nail and once you have these skills you just are dying to to utilize them in some way but they aren't important if I were being asked to participate in a business opportunity would it make any difference to me whether I bought it on a Tuesday or Saturday or an election year or something it's not what a businessman thinks about in buying businesses so why think about it when buying stocks because stocks are just pieces of businesses so why doesn't everyone invest like Warren Buffett's his principles are simple but controlling your emotions it's not most traders are hoping for fast money when they trained this simple long-term strategy is not fun is pretty boring but it's safer and almost guarantees your return over time people read charts all day love to look for patterns nor any fundamental questions like is this a good business warren really believes that investing is just buying a business it's not a gamble there doesn't have to be much speculation and are needed if you follow all these simple principles we can be there next warren buffett's and if you want to ease the follow course check out monks marking bastard below for a complete animated guide on investing including over twenty four videos just like this one it's 50% off for the first 20 buyers subscribe hit the bell you leave a like more I've got some videos how many's every day keep watching to invest like Warren Buffett's a mock way


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