WISDOM OF Warren Buffett

We could all take a leaf out of value investment guru Warren Buffett's investment book. Buffet's timeless approach to investing has made him the world's richest man in 2008, according to Forbes. Buffett is known for his strong adherence to the value investing philosophy is the purchase of stocks that are trading below their intrinsic value.

As Warren Buffett once said, "Try to be fearful when others are greedy, and be greedy when others are fearful." In essence, investors need to dare to be contrarian, and move against the tide of conventional wisdom when the times calls for it.

The EIGHT Peals of Investment Wisdom

1) Volatility is not something to fear, but something to embrace
2) Think Long-term
3) Know the difference between gambling and investing
4) Be a contrarian
5) Consider the difference between price and value
6) Be humble, the stock market is smarter than you
7) Avoid the things you do not understand
8) Understand where you have an edge, and use it to your full advantage

Crisis and opportunity go together like peanut butter and jelly. Troubles can create great buys for investors looking to profit from long-term powerful trends.