Worth Reading

• If you get the conviction to invest Rs.1 lakh in a stock, then only invest in that stock, else forget that stock. Do not invest just for the sake of investing or to try your luck.
• Before buying any stock, write down the reasons why you are buying that stock and before selling review those points that you have noted down, then take a decision to sell.
• The trick of successful investors is to sell when they want to, not when they have to...
• One quick test is to imagine that you had to give a presentation on a stock that you want to buy to a room full of savvy industry veterans and then take their questions. If you could not do it, may be the purchase is not such a great idea. 
• Reminds what Mark Twain once said, “The man who does not read great books has no particular advantage over the man who cannot read them.”
• "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer
•  "If you could tell the future from a Balance Sheet then accountants and mathematicians would be the richest people in the world"
• More importantly, don't be too impressed with your own "analysis" either.
• Never bet too big on any single idea, no matter how compelling the story.... and always have your exits in place.
• "Investing is simple, but not easy." - Warren Buffet
• Bull markets knows no top, Bear markets knows no bottom
• Charlie Munger says to Warren Buffett , you might have to get good companies by paying a bit more.
• Its far better to buy a wonderful business at fair price than a fair business at wonderful price`
• Never ever regret selling a stock too early and never ever chase a stock. If you have a better options, then invest in other ideas where you have conviction.