Diversification: The board game

How to Win

The winner is the player who has the most amount of net wealth at the age of 60.

How to win this board game according to Warren Buffett

Warren Buffett

Warren Buffett is the CEO and Chairman of Berkshire Hathaway with a net worth of around $US70 billion as at March 2015. Warren Buffett is known the greatest investor of all time. The following Warren Buffett quotes can be used not just win this board game but also become financially free and independently wealthy.

Tip No. 1 – Stick to what you know

"Rule number 1: Never lose money. Rule number 2: Never forget rule Number 1." Warren Buffett

"Risk comes from not knowing what you're doing." Warren Buffett

Tip No. 2 – Be patient

To accumulate wealth and to win this board game you must be patient. Do not be tempted by short term speculating. Creating wealth takes time.

"Someone is sitting in the shade today because someone planted a tree a long time ago." Warren Buffett

Tip No. 3 – Invest for the long term

"Investing is not like placing a bet on number 32 on the roulette wheel. Instead it’s buying a tangible piece of an asset. You buy an asset that your are happy to own for 10 years." Warren Buffett

Tip No. 4 – Stay away from cash

"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value." Warren Buffett