“The key parts you’ve hopefully learned are the following: 1. There are four rules to investing. All four must be met in order to purchase an asset. 2. Financial markets move on emotion in the short term but follow value in the long term. As a result, always possess patience, knowledge, and think for yourself. 3. Every month you need to purchase assets in order to increase cash flow. Use that compounding cash flow to always reinvest in the most undervalued assets. In the end, it’s all about share accumulation. 4. When you don’t understand terms or concepts, do the research. That’s the only way you’ll ever know.”
―
Warren Buffett's Three Favorite Books
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