first invest in learning about investing。
A friend of mine; who is a rich woman; recently had her apartment burglarized。 The thieves took her TV and VCR and left all the books she reads。 And we all have that choice。 Again; 90 percent of the population buys TV sets and only about 10 percent buy books on business or tapes on investments。
So what do I do? I go to seminars。 I like it when they are at least two days long because I like to immerse myself in a subject。 In 1973; I was watching TV and this guy came on advertising a three…day seminar on how to buy real estate for nothing down。 I spent 385 and that course has made me at least 2 million; if not more。 But more importantly; it bought me life。 I don't have to work for the rest of my life because of that one course。 I go to at least two such courses every year。
I love audio tapes。 The reason: I can rewind quickly。 I was listening to a tape by Peter Lynch; and he said something I pletely disagreed with。 Instead of being arrogant and critical; I simply pushed 〃rewind〃 and I listened to that five…minute stretch of tape at least twenty times。 Possibly more。 But suddenly; by keeping my mind open; I understood why he said what he said。 It was like magic。 I felt like I had a window into the mind of one of the greatest investors of our time。 I gained tremendous depth and insight into the vast resources of his education and experience。
The result: I still have the old way I used to think; and I h