You start very small and get an audited record.
Once you get the confidence that if your parents come to you and give you all their money, you will invest for them. Then you are ready.
If my $114.75 had been invested in a no-fee S&P 500 index fund, and all dividends had been reinvested, my stake would have grown to be worth (pre-taxes) $606,811 on January 31, 2019 (the latest data available before the printing of this letter). That is a gain of 5,288 for 1.
Warren Buffett – Advice for Entrepreneurs: simple rules like that delighting customers, working through other people, associating with people better than you are will cause you to move in a better path.
Warren Buffett talks about investment versus the tendency to focus on what’s happening today. March 8-12 1942, newspapers were filled with extremely bad news from the pacific. Warren was watching a stock called City Services […]