He’s worth $52 billion (Rs 213,200 crore) and the Chairman of Berkshire Hathaway, the world’s greatest investor and the third richest man. He declared plans to give away over $37 billion (Rs 151,700 crore) in charity, to the Bill & Melinda Gates Foundation.

Here are some of his gems of advice for investors who look at the stock market to make a fortune, from various sources, his speeches and writings:

• ‘Never invest in a business you cannot understand.’
• ‘Always invest for the long term.’
• ‘It takes 20 years to build a reputation and five minutes to lose it.’ If you think about that, you’ll do things differently.’
• ‘Price is what you pay. Value is what you get.’

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Most of the times we hear Indian stock market sensex ends down’x’ pts because of heavy FII selling, Ever wondered what is Foreign Institutional Investor- FII means?

Who is Foreign Institutional Investor ?

Foreign Institutional Investor is an entity established or incorporated outside India which invests in the financial markets of India.

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Here is the List of MoneyControl recommended mutual funds you can buy

These recommended funds are based on the performance over 5 time horizons, the consistency of its performance and the relative age of the scheme.

Equity Diversified

1. StanChart Premier Equity (G)
2. DSP-ML India T.I.G.E.R -RP (G)

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George Bernard Shaw had it right when he said youth was wasted on the young. When you’re in your 20s, your typical worries include graduating from college, getting a job, and chating in web. Thinking about how you are going to fund your family doesn’t usually top your list of concerns.

Take the Benefits of Power of Compounding

Thanks to the magic of compounding, money saved early on has more time to grow. In fact, for every 10 years you wait before starting to save , you’ll need to save roughly three times as much every month in order to catch up.

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