"Successful investment requires time, discipline and patience". These words are certainly familiar to us who pursue the investment world. True, those words come out of the famous figure of Warren Buffett dubbed "Oracle of Omaha". He bought his first share when he was 11 years old. Discipline and patience are needed for investors. Even Buffett insists,

No matter how talented we are, we must able to be patient to get maximum results.

However, patience is not enough to succeed in investing. There are several strategies to emphasize:

1. Focus on what we known

Buffett suggests that we invest in areas we are interested in, know and focus on the products we use.

2. Know when to buy

Buffett buys stocks slowly and regularly from time to time. He does not like buying stocks at one time. He knows when to buy.

3. Maintain a reserve fund

A reserve fund is indispensable when the market falls and anticipates the unexpected and we do not want to miss.

4. Act extreme at the right time

Buffett said:

    Be a fearful person when everyone is greedy, and be a greedy person when everyone is afraid.

5. Do not make many mistakes