Top investing advice from many successful investors is to be resilient to stay in the game over a very long time which is sometimes referred as durability or staying power: Learning # 1 Play the long-term game, so the focus should be on long term
Top investing advice from Charlie Munger (he served as vice chairman of Berkshire Hathaway) as summarized in the Poor Charlie’s Almanack: Learning # 1 Try to be consistently not stupid.Stay in your circle of competence. Avoid investing in areas and companies that you don’t understand.
1 Prioritise safety of capital. A 10-year government security will currently give a return of 6% to 6.5% 2 Stay with products you understand like fixed deposit, G Sec or short-term debt mutual funds 3 Remember there is a need for beating the inflation over
