What Lessons Have The World's Top 5 Investors Shared With Us? Find Out

Becoming a successful financial investor is not everyone's cup of tea; it requires a great amount of patience, wisdom, and foresightedness

Becoming a successful financial investor is not everyone's cup of tea. It requires a great amount of patience, wisdom, and foresightedness. To have all these qualities in one person is, well, a rarity, and only a few people like Warren Buffett or George Soros, have been able to store such a diverse set of information and ideas. They went on to become some of the greatest investors and made a fortune for themselves. So, how did they do it? What steps did they follow or how did they decide when to invest or more importantly where to invest? Let's see what advice they had for others. 1. Warren Buffett During the annual Berkshire Hathaway meeting in May, the investing legend warned new investors against investing in individual stocks as, he said, he does not believe “the average person can pick stocks”. Instead, he asked them to invest in low-cost index funds. He also warned people against treating the stock market as a casino, saying it's not illegal “but I don't think you would build a society around people doing it.”