Imagine Warren is Buffett giving us "10 Commandments" for investing. Those might be ๐๐:
1. **Thou Shalt Invest in What Thou Understands**: Know your investments thoroughly before committing.
2. **Thou Shalt Be Patient**: Success in investing requires time; do not expect instant results.
3. **Thou Shalt Diversify**: Do not put all your eggs in one basketโspread your investments to manage risk.
4. **Thou Shalt Be Frugal**: Avoid unnecessary expenses and live below your means.
5. **Thou Shalt Reinvest Earnings**: Use your returns to generate further growth.
6. **Thou Shalt Avoid Speculation**: Invest based on solid fundamentals, not market trends or speculation.
7. **Thou Shalt Keep a Long-Term Vision**: Focus on the long-term prospects of your investments rather than short-term fluctuations.
8. **Thou Shalt Learn Continuously**: Always educate yourself and stay informed about the market and investing principles.
9. **Thou Shalt Not Panic**: In times of market turmoil, keep calm and stick to your investment strategy.
10. **Thou Shalt Value Integrity**: Invest in companies and opportunities that align with your values and ethics.