It is amazing! Some of the best investing advice doesn?t come from a wealthy investor that is known world round. It comes from a poet that changed the world with new ideas. However, being involved in business and investing and studying the most successful investors in the world for years, I would have to agree with the advice and I think, so would most all legendary investors that have walked the earth.
The advice comes from Ralph Waldo Emerson, a poet and philosopher that lived in the 1800?s, he said this: ?As to methods there may be a million and then some, but principles are few. The man who grasps the principles can successfully select his own methods. The man who tries the methods, ignoring principles, is sure to have trouble.?
To examine this statement and see if it is true lets go to Wall Street. What is the typical image of the Wall Street investor? You see a gentleman with a extremely nice suit, driving an extremely nice car and maybe a cigar in his mouth. You also see a man that has many women but, no stable relationships, maybe because he is working 90 hours per week. There are a number of mental and emotional breakdowns from these folks on Wall Street. They spend all their time working, chasing methods and trying to become billionaires. The goal is to accumulate as much money as possible, as quickly as possible. Not all are like this, but this is the typical image.
The reason these Wall Street investors work so much is because they are chasing methods. There is always a new method to make more money and if they are not the first to find the methods and follow it they might as well be the last. An appropriate term would be a ?Methods Investor.?
Then we have the other side of the spectrum. If we look at some of the wealthiest and successful investors of all time we will see that they do not spend all of their time on Wall Street. In fact, many of them will tell you to stay away from Wall Street. The perfect example of this ?Principles Investor? would be Warren Buffett, Robert Kiyosaki, George Soros, or Jim Rogers. Billionaires, and known for not only their wealth, but their principles and balance in life. These guys will invest small amounts of their time and receive extremely a large amount of profit. They have a few small principles that they invest on and these are principles that are proven time and time again. They are simple principles and very easy.
The author invites you to learn more about the wealthiest?s stock buying and investing principles. Also if you have the next million dollar unique business ideas these facts and principles will help you as well.
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Source: http://dividendpaying-stocks.com/secret-loopholes-to-stock-buying-and-investing/
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