Investors spend a lifetime developing a suitable philosophy that helps shape their financial decisions. To develop their views, they seek the sage advice of successful investors.
The best advice has a quality of timelessness and can be thought about in virtually any economic environment.
Here are five of my favorite pieces of advice, starting with perhaps the world's most famous investor:
1. Warren Buffett |
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money." -- Warren Buffett in a letter to shareholders in March 2000 Top 5 Warren Buffett Stocks To Own For 2014: Trimeris Inc.(TRMS)Trimeris, Inc., a biopharmaceutical company, engages in the development of a class of antiviral drug treatments. Its fusion inhibitors prevent viral fusion, a complex process by which viruses attach to, penetrate, and infect host cells. The company offers FUZEON, a 36-amino acid synthetic peptide that binds to a key region of a human immunodeficiency virus (HIV) surface protein called gp41; and blocks HIV viral fusion by interfering with certain structural rearrangements within gp41 that are required for HIV to fuse to and enter a host cell. It has a development and license agreement with F. Hoffmann-La Roche Ltd. to develop and market FUZEON. In addition, Trimeris, Inc., offers TRI-1144, a development-stage compound, which completed phase I stage clinical trail to treat and potentially prevent the transmission of HIV. The company was founded in 1993 and is based in Durham, North Carolina. Top 5 Warren Buffett Stocks To Own For 2014: (XTRN)Las Vegas Railway Express Inc. focuses to re-establish a conventional passenger train service between the Las Vegas and Los Angeles metropolitan areas. It plans to establish a ?Vegas-style? passenger train service. The company is based in Las Vegas, Nevada. Best Canadian Companies To Own In Right Now: Mining Projects Group Ltd(MPJ.AX)Mining Projects Group Limited operates as a resource exploration and investment company. The company principally explores for gold and base metal mineralization in Western Australia. It also invests in a portfolio of listed investments and unlisted equities. The company was formerly known as Yamarna Goldfields Limited and changed its name to Mining Projects Group Limited in July 2006. Mining Projects Group Limited is based in Armadale, Australia. Top 5 Warren Buffett Stocks To Own For 2014: IFCI Ltd (IFCI)IFCI Limited is engaged in financing business. Its products include short-term loans for different short term requirements including bridge loan, corporate Loan etc, medium-term loans for business expansion, technology up-gradation, long-term Loans for project finance for new industrial/infrastructure projects, lease financing, takeover of accounts from Banks, financing promoters contribution and purchase of standard Assets. The Company is a Nodal Agency for monitoring of Sugar Development Fund (SDF) loans for projects related to modernization and expansion, co-generation of power and production of alcohol/ethanol in the private sector. Its corporate advisory services include corporate advisory and infrastructure services, infrastructure advisory, monitoring agency for public issues, restructuring advisory services and bid process management.Top 5 Warren Buffett Stocks To Own For 2014: Petroleo Brasileiro S.A.- Petrobras(PBR)Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. The company?s Exploration and Production segment involves in the exploration, production, development, and production of oil, liquefied natural gas (LNG), and natural gas in Brazil. This segment supplies its products to the refineries in Brazil, as well as sells surplus petroleum and byproducts in domestic and foreign markets. Its Supply segment engages in the refining, logistics, transportation, and trade of oil and oil products; export of ethanol; and extraction and processing of schist, as well as holds interests in companies of the petrochemical sector in Brazil. The Gas and Energy segment involves in the transportation and trade of natural gas produced in or imported into Brazil; transportation and trade of LNG; and generation and trade of electric power. In addition, the segment has interests in natural gas transportation and d istribution companies; and thermoelectric power stations in Brazil, as well engages in fertilizer business. The Distribution segment distributes oil products, ethanol, and compressed natural gas in Brazil. The International segment involves in the exploration and production of oil and gas, as well as in supplying, gas and energy, and distribution operations in the Americas, Africa, Europe, and Asia. Further, the company involves in biofuel production business. Petroleo Brasileiro was founded in 1953 and is based in Rio de Janeiro, Brazil. Advisors' Opinion:
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