Do you know Warren Buffett’s number one rule on investing?
"Rule No. 1: Never lose money.
Rule No. 2: Never forget rule No. 1."
I’ll never forget my father’s lesson, “Son, no matter how many material things you accumulate, you can lose them all.”
“What do you mean dad?”
“Your great grandfather owned a beautiful farm, it meant everything for him. One day, some crazy corrupt government officials came and took it from him. He lost it.”
“He couldn’t get it back?” I asked.
“No, in fact, let me tell you another story, your grandfather, lost one of his businesses due to some powerful union leaders that came one day with three busses, and took all his workers.”
“How? Where did they took them?” I asked intrigued.
“By the time they retuned, they were forced to follow the unreasonable demands of the union leaders. Your grandpa’s business was never the same again. He had to eventually close that booming business. He lost it.”
I couldn’t believe the stories, “Has this ever happened to you?” I asked.
“Yes. You were still a young boy. We owned a lot, one day some people decided to build a street in our property so they could get to their property — isn’t that crazy?”
“With no permits?”
“Yes, no permits! We lost that land plus a huge headache of legal fees. The lesson here son is that material possessions can be lost. But remember this; NOBODY can EVER take knowledge away from you. Investing in your knowledge is the safest investment you can ever make.”
So, to answer your question, what is the best way to invest money when you don’t have a lot?
-Hector Quintanilla“An investment in knowledge pays the best interest,” — Benjamin Franklin
No comments:
Post a Comment