“Rule No. 1: Never lose money. Rule No.2: Never forget Rule No. 1” – Warren Buffett
While sailing on the seas or during times of stormy weather, the seamen look up to the lighthouse to guide them safely back to the shores. Similarly, while investing in the markets or during times of uncertainty, when dark financial clouds loom over the stock markets, investors can look up to the wisdom of the investing legends to guide them safely to their financial goals.
Charlie Munger famously quipped “I believe in the discipline of mastering the best that other people have ever figured out”. The money masters of our times have already figured out the rules of investing for stock market success. Whether one is an investing beginner or a seasoned professional at the top of their game, understanding and mastering these rules for investing increases the odds for stock market success.
With this in mind, I scoured the internet as well as poured over my investing notes to collate useful rules for investing from the top investors. I ended up with a fine collection of 126 investment rules from 11 investing masters.