Even a dummy can make money. Timeless words from Warren Buffett..

“I want to be in businesses so good even a dummy can make money.” – Warren Buffet, 1988

Mr. B followed four basic tenets when deciding to buy a company:

  1. Business Tenets-Basic characteristics of the business itself,
  2. Management Tenets-Important qualities that senior management must display,
  3. Financial Tenets-The financial decisions the company must maintain, and
  4. Value Tenets-Interrelated guidelines about purchase price.

Want to know more? Then don’t be a dummy…buy this book.


 

 

Required reading: The Wealthy Barber

If you are serious about all things money, you must put The Wealthy Barber on your reading list. Like right now! Here is just one of the many nuggets from the book that can literally transform lives:

Wealth beyond your wildest dreams is possible if you follow the golden rule: Invest ten percent of all you make for long-term growth. If you follow that one simple guideline, someday you’ll be a very rich man. -David Chilton

The Wealthy Barber: Everyone’s Commonsense Guide to Becoming Financially Independent by David Chilton