Top 10 Rules for Success From World's Richest Investors

✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/the-vault ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ Learning how money works is the first step to building a big fortune. Many of the most successful investors started when they were very young. Warren Buffett read every book about the stock market in his library by the time he was eleven years old. He bought his first stocks back in 1942 and learned that you have to be patient. Charlie Munger says the real secret is to never stop learning new things. If you keep growing your mind every day, you will have a huge advantage over everyone else. Mark Cuban points out that you must understand the basics like accounting and finance. This is the language of business, and if you do not know it, you will have a hard time winning. ✎ Managing your money also means understanding how the world changes. Ray Dalio explains that inflation can hurt your buying power if you are not careful. You have to watch out when prices go up and make sure your investments are earning more than the cost of living. Bill Ackman suggests investing in public companies that you can understand and hold for a long time. You do not need to make huge gains every single year to get rich. If you can earn 10 or 15 percent consistently, your money will grow into a massive amount over many years. Kevin O'Leary teaches that saving 15 percent of every paycheck is the key to reaching your first 100,000 dollars. ✎ Building a great company requires a strong team and a product that is much better than what exists today. Marc Andreessen says you should look for big markets and aim for a product that is ten times better than the competition. Peter Thiel reminds us that innovation must be turned into a real business to truly matter. It is also important to have great people skills. Ben Horowitz explains that understanding what motivates others is just as important as being a good engi