Tips from Warren Buffett
1. Invest in Businesses, not in stocks
2. Stick to businesses you understand
3. Buy companies with defensible “franchises” or “moats”
4. Hold for the long term
5. Ignore short-term fluctuations in price
6. Buy good businesses when prices are down or at rational prices
7. Be a passive investor, not an active trader
8. Do not over-diversify
9. Invest only when there is a Margin of Safety
10. Ignore macroeconomic events
11. Intelligent investing is one with both growth and value
