1. You have to want to do it enough to overcome the difficulties. I know lots of aspiring writers. Without doubt one of the biggest differences between the ones that make it and the ones that don't is simply that the successful ones have the drive to win through in spite of all the frustrations.
2. Closely related to this is originality. Many if not most great artists are innovators. Shakespeare, for example, coined thousands of words.
3. However, you should not invest unless you are sure of what you are doing. Since there will be some things that you can buy with certainty, why bother with those that you cannot?
4. If possible, be flexible about buying stocks in different industries, always subject to the criterion that you know your facts for sure.
5. Only buy a stock the way you would buy a house that you intended to live in. You should understand it well enough and like it well enough so that you would be content to own it in the absence of any market.
6. Be thorough, cautious, and risk-averse. Remember Buffett's two key rules for successful investing:
Rule No. 1: Never lose money.
Rule No. 2: Never forget Rule No. 1.
7. All this requires energy and determination. That is why the investor should have the same quality Buffett insists on in
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