How to use Buffet's 5 tips to build Wealth
- Hold stocks for the long term
- Be choosy about where to invest - by understanding the business
- Ask yourself"Is the business going to keep producing more money all the time?"
- Extreme diversification is the right approach if you do not have enough time to sort through the businesses. The solution is low-cost index tracker funds
- If you have time to put in the effort, try to find about 6 wonderful businesses.
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