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Billionaire Buffett's daughter-in-law shares investing tips

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ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1445983" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><p>MANILA - Investing in the stock market requires patience and going against the tide, according to the daughter-in-law of self-made billionaire Warren Buffett, who shared what she learned from one one of the world&#x27;s richest men in a new book.</p><p>Mary Buffett, who was in Manila recently to launch &quot;The New Buffettology&quot; said &quot;cash is always king&quot; and potential investors should start by saving up.</p><p>&quot;Make it a habit to always put away a little cash for an emergency or for a buying opportunity, or buy stock in a lower price than it’s worth. So whether its just keeping it on your pocket, putting it in a jar, believe it or not it adds up,&quot; Mary Buffett told ABS-CBN News.</p><p>Financial literacy is a also a must, she said, adding, &quot;at least know what the terms are and understand what the risks are.&quot;</p><p>Avoiding debt is another fool-proof way to grow money. The key is to avoid it or get out of it before investing, she said.</p><p>&quot;No matter what investment you make, if you’re paying 18 to 20 percent on money, you’re never going to be making money,&quot; Buffett said. </p><p>Warren Buffett is worth nearly $80 billion today from an initial $6,000 just by investing in the stock market.</p><p>The author said her father-in-law&#x27;s secret is in value investing or “investing when everyone is fearful and be fearful when everyone is greedy.”</p><p>Investors should also study the company, its performance for the last 10 years, its debts and its competitive advantage before buying shares, she said.</p>

<p>Investing in the stock market requires patience and going against the tide, according to the daughter-in-law of self-made billionaire Warren Buffet, who shared what she learned from one one of the world's richest men in a new book.</p>

Investing in the stock market requires patience and going against the tide, according to the daughter-in-law of self-made billionaire Warren Buffet, who shared what she learned from one one of the world's richest men in a new book.