Warren Buffet says success and wealth can be attributed to following 10 common-sense principles, which I found posted on the wall of Jimmy Johns while enjoying a #8, with extra mayo.
1. Reinvest Your Profits. This makes sense not only in the stock market, but in a small business as well. Entrepreneurs who bleed all the profits out of a business find that they may struggle to grow the business into something larger and more valuable.
2. Be Willing to be Different. Buffet didn’t make his fortune by following the crowd. Instead, he invested when everyone else was panicked, and sold off when everyone else was buying. That strategy always beats the market. Doing what everybody else is doing - the same way they are doing it - is the recipe for becoming average. Nobody pays extra for “average”.
3. Never Suck Your Thumb. After you gather the information you need, make...