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Added on the 11/01/2021 10:40:32 - Copyright : Wochit
The great Warren Buffett is a skilled investor who is studied, analyzed, and imitated by many. But according to Business Insider, most people already have what Buffett has used to generate his immense wealth. In Morgan Housel's new book 'The Psychology of Money,' Housel argues that the 'secret' is simply how long Buffett's been investing. In other words, time. When measured by average returns, Buffett isn't the greatest investor of all time — but he's had time and patience on his side. In fact, Buffett admitted this himself in an interview with motivational coach Tony Robbins, who asked Buffett how he got so rich. Three things: Living in America for the great opportunities, having good genes so I lived a long time, and compound interest. Warren Buffett Founder, Berkshire Hathaway
If you think actively investing in real estate is all about money in the mailbox, think again. Business Insider reports seasoned real estate investors say the business is anything but passive. In fact, sometimes it can be as demanding as a job. I think one of the biggest misnomers about real estate investing is that it's passive investing. People think that they're just going to get mailbox money, and real estate is not that. Becky Nova Investor and landlord Also, real estate is about the long haul--sometimes decades, rather than months. If you want faster returns, don't become a landlord or a house flipper. Finally, dabblers beware. Learning about real estate takes time, effort, money, commitment, and experience. Good luck!
Jodie Foster, Julia Roberts and George Clooney talk finance as TV entertainment in 'Money Monster', a film screening out of competition at Cannes. Rough Cut (no reporter narration.
European stocks fall and safe-haven assets, gold and government bonds rise after explosions in the Belgian capital, Brussels. Joel Flynn looks at the market reaction.
Republican presidential candidate Ted Cruz says the current "activist Supreme Court" is "out of control" and the vacancy left by the late Justice Scalia could lead to a left-wing majority. Rough Cut (no reporter narration).
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