“Rule number one: never lose money. Rule number two: never forget rule number one.” This is how the fabled investor Warren Buffett, fondly known as the Oracle of Omaha, summed up the simple, although not necessarily easy, the art of investing.
Speculative investments in ‘growth’ stocks had gone from having their day in the Sun, back when money was virtually free, to facing their day of reckoning amid increasing borrowing costs and pressure to survive profitably. Hence, for beginner investors and investors with hard lessons looking for a new beginning, it could be wise to get back to basics.
