If you are aspiring to become a successful investor then it definitely makes a lot of sense to learn from some of the best in the industry.
Today’s list focuses on 10 investment gurus that have some seriously sage advice to offer.
What better way to start our list than with the one heralded by many as the granddaddy of them all, Warren Buffet.
Throughout his career Buffet has managed to transform $174,000 into as much as $15 billion today, largely by buying companies at low prices and making them more successful before selling them on for a profit.
Widely known for his purchase of Motorola stock in 1955, Philip Fisher has attributed much of his success to factors such as conservative accounting strategies, open-mindedness, and a large emphasis on integrity in all business practices.
John “Jack” Bogle
Bogle is the founder of the hugely successful Vanguard Group, and offers a wonderfully simplified set of rules that all investors could learn from:
- Select low cost funds
- Consider carefully the added cost of advice
- Do not overrate past fund performance
- Use past performance only to determine consistency and risk
- Beware of star managers
- Beware of asset size
- Don’t own too many funds
- Buy your fund portfolio and hold it!
Known by some as the “king of bonds,” Bill Gross maintains a very balanced mindset by buying individual bonds while still keeping his focus on his entire portfolio over the long term.
This is a great way of avoiding the mental and emotional turmoil often caused by short-term market volatility.
John Templeton was a huge advocate of portfolio diversification, realising early on in his career that investing into the market as a whole will help to minimise losses while still maximising profits.
Steinhardt boasts an amazing 24% compound average in annual returns, and claims that it is of the utmost importance that you earn a living through your life by doing something that you enjoy.
Amassing his riches on the markets has clearly been a labour of love for Michael Steinhardt.
Known most for his time managing the Fidelity Magellan Fund, Peter Lynch presents another list of rules for successful trading:
- Know what you know
- It’s futile to predict the economy and interest rates
- You have plenty of time to identify and recognize exceptional companies
- Avoid long shots
- Good management is very important
- Be humble enough to learn from mistakes
- You should be able to explain why you are buying
- There’s always something to worry about – do you know what it is?
As a mentor to Warren Buffett, Graham wrote a fantastic book on investment called The Intelligent Investor, which is required reading for any would-be trader.
Carl Icahn has become very well known for obtaining companies that he perceives as being badly run, gaining a position on the Board of Directors through share acquisition in order to affect change from within.
Soros is yet another name that many of you will recognise, becoming notorious in 1992 for shorting the British Pound and making more than $1 billion within a single day.
Source:: 10 Investment Gurus to Learn From