Investment Basics: Myths about the stock market -How following Warren Buffett may make you end up broke!
Date Submitted: 09/09/2006 23:18:33
Category: / Social Sciences / Economics
Length: 5 pages (1335 words)
Category: / Social Sciences / Economics
Length: 5 pages (1335 words)
Wouldn't it be nice if Warren Buffett or even the great Benjamin Graham suddenly decided to divulge their secret "investment technique" that have made them two of the most revered and successful people in the investing business? Maybe if we recited the steps of the technique like a mantra before going to bed and practiced them diligently for a few hours every day, we would be able to obtain great wealth from the stock market.
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…the British currency in 1992. He is currently the 38th richest person in the world, and is just second in ranking to Warren Buffett when it comes to people who gained their wealth purely through investing.
** Peter Lynch is the superstar of mutual funds. His success with stock picking was one of the prime drivers of the explosive growth of the entire mutual fund history. During this time he achieved an unheard of annualized return of 29%.
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