Buffett's Tips: A Guide to Financial Literacy and Life

Warren Buffett remains one of the most sought-after and watched figures in business today. He has become a billionaire and investment sage by buying chunks of companies and holding onto them, managing them as businesses, and eventually reaping huge profits for himself and investors in Berkshire Hathaway. Buffett’s Tips combines two areas of enormous public interest with a demonstrated history of bestselling volumes: Warren Buffett and financial literacy/financial independence.

What if you could become financially literate, and ultimately financially independent, using the mindset of Warren Buffett, the greatest investor ever? This is the main premise of the book. Buffett’s Tips enables its readers to become financially literate, with its backbone provided by 100 tips or strategies obtained from Warren Buffett’s numerous writings and media appearances. This book, step by step, is the only one that enables its reader to become financially literate using the teachings of Warren Buffett, who was the embodiment of financial literacy at a very young age and who remains admired globally for his financial acumen globally.

Readers will learn, in simple plain-spoken language:
• seminal concepts of financial literacy and independence, such as the time value of money, compound interest and the relationship between risk and return.
• the importance of diversification and having the right mindset for successful investing.
• the most basic of financial instruments and accounts, including savings accounts, checking accounts, and certificates of deposit. It also discusses the importance of having a good credit score and how it is calculated.
• The role of bonds and how the yield on bonds is tied to inflation.
• What a stock is and the role IPOs play, including concepts for stock valuation, such as earnings and dividends.
• Approaches to valuing a stock, including discounted cash flow and relative valuation.
• Some must-know accounting principles, the language of business.
• How to build a portfolio with Buffett’s two golden rules in mind (if you don’t know them, you soon will)
• The value of soft business skills, such as emotional intelligence, to a successful career after college.