Daily Investment Tips

Forbes rich list for 2011 is out. The highlight from the list are:-

• Six people from Facebook made it into the list.
• Mexico’s Carlos Slim has topped the 2011 Forbes magazine rich list, as his wealth grew by more than a third.
• More than 200 people joined the billionaires list as their numbers rose to a new record of 1,210.
• Asia, for the first time in a decade, has more billionaires on the list than Europe, with 332 against 300.
• The collective wealth of the billionaires on the list also hit a new record of $4.5tn.

Top Ten Richest People : 2011 Forbes list

1. Carlos Slim – $74bn – America Movil, telecoms
2. Bill Gates – $56bn – Microsoft, software
3. Warren Buffett – $50bn – Berkshire Hathaway
4. Bernard Arnault – $41bn – LVMH, luxury goods
5. Larry Ellison – $39.5bn – Oracle, software
6. Lakshmi Mittal – $31.1bn – ArcelorMittal, steel
7. Amancio Ortega – $31bn – Zara, fashion
8. Eike Batista – $30bn – Mining, oil
9. Mukesh Ambani – $27bn – Reliance Industries
10. Christy Walton – $26.5bn -Wal-Mart, retail

written by Constantine Njeru \\ tags: America Movil, Berkshire Hathaway, Bernard Arnault, Bill Gates, Billionaires List, Carlos Slim, Christy Walton, Collective Wealth, Eike Batista, Forbes List, Forbes Magazine, Forbes Rich List, Larry Ellison, Lvmh, Mukesh Ambani, Oracle Software, Reliance Industries, Wal Mart, Warren Buffett, Zara Fashion

Warren Buffet is arguably the best investor in the world. Over the years Buffet has shared his ideas on investing. Most of this ideas are found in his annual letter to Berkshire Hathaway shareholders.

In this article I share some of the investment gems by Warren Buffet.These ideas can used as an investment guide to investing in stocks.

1. Buy and Hold.

This idea of buy and hold is synonymous with Warren Buffet. He buys into company’s and seems to hold the stocks forever.

2. Buy Stocks That You Understand.

Buy into companies which you understand their products and services. Warren Buffet is quoted saying “Stick to what you know. Bill Gates is a good friend, and I think he may be the smartest guy I have ever met. But I don’t know what this little things do. So I didn’t invest in Microsoft.

3. Always Have Spare cash

The reason why Buffet seems to do better then the rest is because he always has spare cash. During periods of crisis, he uses the extra liquidity to take advantage of opportunities.

4. Buy When Everyone is selling and Sell when everyone is buying.

He was quoted in 2009 saying “When it’s raining gold, reach for a bucket, not a thimble.”

5. Don’t Be Fooled By the Media Buzz / Euphoria

Charlie Munger his trusted lieutenant was quoted “avoid businesses whose futures we can’t evaluate, no matter how exciting their products may be.”

6. List down your reasons for buying a stock.

When your force yourself to write down your reasons for buying a stocks it prevents you from making dumb decisions.

7. Understand The Behaviour of the Crowd

A simple rule dictates my buying: Be fearful when others are greed and greedy when others are fearful.

8. Understand The Value in the Business

As he said in 2009 letter to investors, “In the end, what counts in investing is what you pay for a business — through the purchase of a small piece of it in the stock market — and what that business earns in the succeeding decade or two.”

written by Constantine Njeru \\ tags: Berkshire Hathaway, Berkshire Hathaway Shareholders, Bill Gates, Buy And Hold, Buy Stocks, Charlie Munger, Crowd, Dumb Decisions, Euphoria, Futures, Good Friend, Greed, Investing In Stocks, Investment Gems, Investment Guide, Lieutenant, Liquidity, Media Buzz, Stock Market, Warren Buffet

Steve Jobs and Bill Gates go back many years. I found some funny cartoons of Steve and Bill talking about the days when they were poor.

This two billionaires are fierce rivals and its good to see them seated next to each other and remain civil.

Enjoy

written by Constantine Njeru \\ tags: Bill Gates, Billionaires, Funny Captions, Funny Cartoons, Gates Bill, Rivals, Steve Jobs