3 Minimalist Rules you can learn from Warren Buffett
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3 Minimalist Rules 🧘
you can learn from Warren Buffett
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Warren Buffett is considered the greatest investor of all time with an estimated Net Worth around $90 billion.
Surprisingly, though, he built his fortune by consistently applying three simple Minimalist Rules and without ever breaking them.
For most traders and investors it is not but in this article, you will learn how you can apply the same three rules to your daily analysis and trading activity in order to be profitable over the long term.
1. Recognize Greed
Buffett never based his investing decisions on the extraordinary short-term performance of an asset. This approach allowed him to always stay away from speculative assets which most of the times turned out to be bubbles or, at their best, underperforming less exotic assets.
For instance, he repeatedly criticized Bitcoin because “it’s an asset that creates nothing“.
He went even further.
[…] buying Bitcoin is buying something because you expect the pool of people who want to buy it, because they want to sell it to somebody else, will grow and it’s wonderful because it does create a rising price, it does create more buyers and people think “I’ve got to get in on this” […] They did it with tulips in the 17th century.