Friday, April 24, 2009

Buffett's lessons for small investors

Why can't everyone invest like Warren Buffett?

Bradley's translation of Buffett's basic principles serves as a simple how-to guide for small investors:
• Keep it Simple
• Stay with your competence
• Diversification (but not too much)
• Uncertainty is your friend
• The power of compounding
• Wall Street makes its money on activity. You make your money on inactivity.