The Golden Rule of Investing
Warren Buffet is probably the most successful and well known investor of our time.
He has amassed an incredible net worth, and helped many people do the same.
And when it all boils down, he states that it comes back to 2 Golden Rules:
- Don't lose money.
- Don't forget Rule Number 1.
And whilst he certainly knows more about investing than me, those two rules can give them impression that he only backs winners. That he has 100% record when it comes to investing. And that's not true.
And it's that fear of loss that holds a lot of people back from even starting investing. The mindset that you have to get 100% of your trades correct is overwhelming, stopping people from ever starting.
In today's Podcast episode, I want to give you a variation on Buffet's first rule - one that's more realistic, and more actionable.