“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful”
— Warren Buffett
Simplified Meaning:
To become rich, do the opposite of what most people do. When others are taking big risks and trying to make lots of money, be careful. When others are scared and not taking risks, be bold and take risks.
Related tags
Contrarian investing Fear and greed Financial strategy Investment Market psychology Risk management Stock market Warren buffett Wealth-building