As millions of people agonize over diminished or obliterated retirement funds

As millions of people agonize over diminished or

This preview shows page 10 - 12 out of 263 pages.

. As millions of people agonize over diminished or obliterated retirement funds, wondering what happened to their money and whether or not they will ever be able to get it all back, I offer you hope and a realistic solution for moving forward. Contrary to what you might think, the time has never been better for making millions in the stock market. If you know how. The strategy detailed in my first book, Rule #1 , starts with Rule #1 principles but success is anchored on active trading . The strategy explained in this book is about active investing: how to properly buy and hold a stock. I call this investing strategy stockpiling , because it’s about how and when to accumulate a wonderful business while the price is going down. The combination of Rule #1 principles with the tactic of “stockpiling” stocks is the winning ticket to a rich life—particularly now . In fact, this time-tested approach to investing is exactly how the best investors in the world turn a down market into an up portfolio. The richest people in America use this strategy as their basic way of making billions, even if they prefer to keep it a secret. It’s time you learned how they do it, and then go do it yourself. Follow what I teach and you will overthrow the financial industry that failed you … and seize the investing opportunity of a lifetime. THE ONLY SCHOOL OF SUCCESSFUL INVESTING
Image of page 10
I was taught by a man I admiringly call the Wolf, a successful investor I got to know really well after I nearly killed him along with my entire raft of whitewater adventurers in the Grand Canyon in 1980. I was a river guide then, making $4,000 a year, until he got ahold of me and dragged me into the world of investing. Understand that at the time, I’d been living more or less in a sleeping bag for thirteen years: three years in the Army and ten more in the Grand Canyon as a guide. But I’d just gotten married, and the prospect of raising a family on $4,000 a year was not all that thrilling to my wife. I was expected to make money. Enough for things like a house, for instance. The idea of living under a roof was novel enough to me at the time. Actually buying the roof … phew, baby, that was hard to get my head around. And then along came the Wolf. They say timing is everything, and in my case they are right. My mentor found me at the perfect moment and then he proceeded to drill into my thick head the basic secrets of successful investing—that high returns and high risk are not necessarily related, that I should want the highest return on my investment with the lowest risk, and that the way to achieve that was to copy the people who have already done it. I got that. I got that loud and clear. And in five years, after starting with just $1,000, I was a millionaire with a house looking over the ocean in Del Mar, California. Since then I’ve made a lot more money, lost some when I started getting clever and investing in things I didn’t understand, and made it all back and then some by returning to good old Rule #1—Don’t lose money. Which is why I told the world to get out of this market when it was hovering at 13,000. The great
Image of page 11
Image of page 12

You've reached the end of your free preview.

Want to read all 263 pages?

  • Spring '20
  • Warren Buffett

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors