Warren Buffett has lots of advice for investors, and it comes down to this: Get over yourself. Stop thinking that there’s a magical secret formula for making tons of money overnight, and that you can discover it because you’re smarter than any other investor out there. In fact, his suggestions seem to say, when it comes to getting rich, slow and steady wins the race.
The personal finance site GO Banking Rates has reviewed Buffett’s most recent advice and compiled it into a list of tips. You can see the full list here. Meanwhile, here are three items that give some insight into the Oracle of Omaha’s thought process.
个人理财网站GO Banking Rates审查了巴菲特的最新建议，并将其汇编成一份提示清单。你可以在这里看到完整的列表。与此同时，这里有三个项目让我们对奥马哈先知的思维过程有所了解。
1. Put your long-term investments in an index fund tied to the S&P 500.
At least that’s what Buffett says he himself intends to recommend for the money he leaves to his wife, in what GO Banking Rates describes as “a product that’s as old, stodgy, and lucrative as himself.” Buffett’s plan: put 10 percent of the cash in short-term government bonds and 90 percent in a very low-cost S&P 500 index fund. “I believe the trust’s long-term results from this policy will be superior to those attained by most investors–whether pension funds, institutions, or individuals–who employ high-fee managers,” he adds.
至少巴菲特是这么说的，他自己打算向妻子推荐他留给妻子的钱，在GO Banking Rates的描述中，这是“一个和他自己一样古老、古板、利润丰厚的产品”巴菲特的计划是:将10%的现金投资于短期政府债券，90%投资于成本非常低的S&P 500指数基金。他补充道:“我相信，信托基金从这项政策中获得的长期收益将优于大多数投资者——无论是养老基金、机构还是个人——所获得的收益。
He’s most likely right about that. Research seems to support the notion that index funds outperform managed funds (including mutual funds) the vast majority of the time. The logic is simple: Since index funds are “passive,” just a matter of buying all the stocks in a given index such as the S&P 500, there’s much less cost to cover a sophisticated financial planner, and less expense for buying and selling investments in an attempt to gain more return.
But make careful note of the phrase “long-term.” The stock market can crash and then can take many years to catch up to itself again. To reap the return, you must have both the time and the self-discipline to leave your money in the index fund and wait out the down cycle. It’s not right for everyone.
2. Learn to save.
Buffett shared this bit of insight during a television special last year. “I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit,” he said. Another big mistake, he added, is trying to get rich quick. “It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”
3. When a stock price falls, buy, don’t sell.
Buffett followed his own advice last year when he lost $2 billion in a matter of days after disappointing earnings reports drove down the prices of some of his biggest investments. But as he told CNBC, investors who jump ship when a stock price goes down deprive themselves of the chance to recover lost funds when the price goes back up.
Buffett has said he likes bear markets, and the more prices drop, the more he likes to buy. But in general, his advice is to buy dependable long-term stocks in companies whose industry and business model you thoroughly understand. “If you told me that the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday,” he explained. “I don’t know how to tell what the market’s going to do. I do know how to pick out reasonable businesses to own over a long period of time.”
PUBLISHED ON: JAN 20, 2015
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