Warren Buffett’s Three Rules for Investing In a Crisis

1. “Cash combined with courage in a crisis is priceless”

2. “Dont invest in things you don’t understand”

3. “Don’t try to catch a falling knife until you have a handle on the risk”

Mistakes are painful when they happen.But year’s later collection of mistakes is called experience,which leads to success.Be bold when you loose and be calm when you win.Heated gold becomes ornament.Beaten copper becomes wires.Depleted stone becomes statue.So the more pain you get in life you become more valuable.

Every successful person has a painful story….Every painful story has a successful ending

If you miss an opportunity dont fill the eyes with tears…….It will hide another better opportunity in front of you……

“You know, five years from now, ten years from now, we’ll look back on this period and we’ll see that you could have made some extraordinary (stock market) buys. That doesn’t mean it won’t get more extraordinary a week or a month from now. I have no idea what the stock market is going to do next month or six months from now. I do know that the American economy, over a period of time, will do very well, and people who own a piece of it will do well.”……Warren Buffett

Mistakes are ok.

In real world especially in the world of academics,mistakes are perceived to be something really bad and are to be avoided .But if we were to view mistakes as an opportunities to learn something new and to get better in what we do,mistakes shall be ok to be tolerated….provided we learn and never repeats the same mistake twice.Same goes into mistakes in investment.It is ok to cut loss on investment that are not bearing any fruits and move on.And even it hurt to take the losses but it will be better than sitting on a pile of unworthy investments.But as i said,mistakes are only ok if we learn from it and never ever repeat it again in future.

Thomas Edison would never have invented the light bulb if he had been pushed away for his mistakes.It is said that he failed over 10000times before finally inventing the light bulb,and if Christopher Columbus did not made mistake he would not have found America.

Do not procrastinate.Anybody who brags about what he is going to do tomorrow probably did the same thing yesterday.It wont bring us anywhere