Entrepreneurship Lessons from 5 Most Successful Investors
KEY POINTS
There have been millions of great men and women who have succeeded to grow small capital into great projects that end up employing thousands if not millions as profits grow into ten times more of their original investments. Here's their advice to you...
KEY TAKEAWAYS
- “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Every industry has a section of people that either is or were accomplished and the investment industry has no exception. It entails of stories of great investors, successful people that inspire the accomplishment of any dream in a wannabe investor.
In the entrepreneurial industry, there have been millions of great men and women who have succeeded to grow small capital into great projects that end up employing thousands if not millions as profits grow into ten times more of their original investments.
1. Bill Gross
At the age of 74, the Cofounder of PIMCO manages assets worth a whopping 1.75 trillion dollars.
His wild success will have your hands sweating by simply reading about him. Famous as the ‘king of bonds’, he is respected as the best investor of all time.
His advice to wannabe investor is to not invest in “zombie corporations” put your money into the real economy with corporations that you feel good about both ethically and financially.
Bill insists on diversification and taking risks that are entrenched in thorough research while maintaining enough liquid cash on the side.
Bill’s Famous Quote:
“Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.”
2. Peter Lynch
74-year-old Peter manages Fidelity investments with assets worth 2.4 trillion dollars.
Peter is famous for his management of the Fidelity Magellan fund, where he beat the S&P500’s annual growth for 11 years out of the 13 years that he was there.
His consistency accomplished more than double the index’s annual returns and lifted the organization’s assets from 18 million dollars to 14 billion dollars in value. Peter’s advice to ‘young’ investors is simple “invest in what you know”.
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Famous Quote:
“Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.”
3. Warren Buffett