Investors spend a lifetime developing a suitable philosophy that helps shape their financial decisions. To develop their views, they seek the sage advice of successful investors.
The best advice has a quality of timelessness and can be thought about in virtually any economic environment.
Here are five of my favorite pieces of advice, starting with perhaps the world's most famous investor:
| 1. Warren Buffett |
| "The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money." -- Warren Buffett in a letter to shareholders in March 2000 Top 10 Rising Stocks For 2015: LCNB Corp (LCNB)LCNB Corp. (LCNB), incorporated on December 12, 1998, is a financial holding company. The Company�� principal activity is the ownership of LCNB National Bank (the Bank). The Bank is a full service community bank offering a range of commercial and personal banking services. Deposit services include checking accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, Christmas and vacation club accounts, money market deposit accounts, Classic 50 accounts (a senior citizen program), individual retirement accounts, and certificates of deposit. Loan products offered include commercial and industrial loans, commercial and residential real estate loans, construction loans, various types of consumer loans, and Small Business Administration loans. In January 2014, Eaton National Bank & Trust Co. merged with LCNB Corp.'s wholly-owned subsidiary, LCNB National Bank. The Bank's residential mortgage lending activities consist primarily of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages. Consumer lending activities include automobile, boat, home improvement and personal loans. The Bank also offers indirect financing through various automotive, boat, and lawn and garden dealers. The Trust and Investment Management Division of the Bank performs complete trust administrative functions and offers agency and trust services, retirement savings products, and mutual fund investment products to individuals, partnerships, corporations, institutions and municipalities. Security brokerage services are offered by the Bank through arrangements with LPL Financial LLC, a registered broker/dealer. Licensed brokers offer a full range of investment services and products, including financial needs analysis, mutual funds, securities trading, annuities, and life insurance. Other services offered include safe deposit boxes, night depositories, travelers' checks, money! orders, cashier's checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, personal computer based cash management services, around-the-clock telephone banking, PC Internet banking, and other services tailored for both individuals and businesses. LCNB�� primary market area consists of Warren, Butler, and Clinton Counties and portions of Hamilton, Clermont and Montgomery Counties in Southwestern Ohio. Advisors' Opinion:
Hot Warren Buffett Stocks To Own Right Now: HNI Corp (HNI)HNI Corporation, incorporated in 1944, is a provider of office furniture and hearth products. The Company operates in two segments: office furniture and hearth products. A broad office furniture product offering is sold to dealers, wholesalers, national office product distributors, end-user customers, and federal, state and local governments. Hearth products include a range of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. These products are sold through a national system of dealers and distributors, as well as Corporation-owned distribution and retail outlets. It manufactures office furniture in Alabama, Georgia, Illinois, Indiana, Iowa, Minnesota, New York, North Carolina, Texas and China. The Company manufactures hearth products in Iowa, Maryland, Minnesota, Washington and Pennsylvania. On November 14, 2011, the Company acquired Sagus International, Inc. (Sagus), a designer and manufacturer of educational furniture solutions. In August 2012, the Company BP Ergo Limited, a manufacturer and marketer of office furniture in India. Eight operating units, marketing under various brand names, participate in the office furniture industry. These operating units include The HON Company, Allsteel Inc., Maxon Furniture Inc., The Gunlocke Company L.L.C., Paoli Inc., Hickory Business Furniture, LLC (HBF), Sagus and HNI Hong Kong Limited (Lamex). The operating unit Hearth & Home Technologies Inc. (Hearth & Home) participates in the hearth products industry. The retail and distribution brand for this operating unit is Fireside Hearth & Home. HNI International Inc. (HNI International) sells office furniture products manufactured by the Company�� operating units in select markets outside the United States and Canada. With dealers and servicing partners located in more than 50 countries, HNI International provides project management services virtually worldwide. The Company distributes its products through a network of independent office furniture dealers,! office products dealers, wholesalers and retailers. The Company is a supplier of office furniture to the nationwide distributors of office products. Office Furniture The Company designs, manufactures and markets a range of office furniture in four categories: storage, including vertical files, lateral files and pedestals; seating, including task chairs, executive desk chairs, conference/training chairs, side chairs and educational chairs and desk combinations; office systems (modular and moveable workspaces with integrated work surfaces, space dividers and lighting), and desks and related products, including tables, bookcases and credenzas. Its products are sold under the brand names, such as HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, Artco Bell, Midwest Folding Products, LSI Corporation of America, basyx and Lamex, as well as private labels. The Company offers a range of storage options designed either to be integrated into its office systems products or to function as freestanding furniture in office applications. The Company sells its freestanding storage through independent office products and office furniture dealers, nationwide chains of office products dealers, wholesalers and national office product distributors. The Company's seating line includes chairs designed for all types of office work. It offers a complete line of office panel system products for team work settings, private offices and open floor plans. The Company offers whole office solutions, movable panels, storage units and work surfaces that can be installed and reconfigured. The Company and its dealer partners also offer consultative selling and design services for its office system products. The Company�� offering of desks and related products includes stand-alone steel, laminate and wood furniture items, such as desks, bookshelves, credenzas and mobile desking. The Company's desks and related products are sold to a range of customers from those designing office config! urations ! to small retail and home office purchasers. It offers a range of tables designed for use in conference rooms, private offices, educational institutions, training areas, team work settings and open floor plans. It is North America�� manufacturer and marketer of prefabricated fireplaces, hearth stoves and related products, primarily for the home, which it sells under Heatilator, Heat & Glo, Quadra-Fire and Harman Stove brand names. The Company�� line of hearth products includes a range of gas, electric and wood burning fireplaces, inserts, stoves, facings and accessories. Heatilator and Heat & Glo are brand in the two segments of the home fireplace market: vented-gas and wood fireplaces. In addition, the Company is also engaged in pellet-burning stoves and furnaces with its Quadra-Fire and Harman product lines, which provide home heating solutions using renewable fuel. The Company competes with Steelcase Inc., Haworth, Inc., Herman Miller, Inc., Knoll, Inc., The Global Group, Kimball International, Inc., KI, Virco Mfg. Corporation, Teknion Corporation, Travis Industries Inc., Lennox International Inc., Monessen Hearth Systems Co., FMI Products, LLC, Wolf Steel Ltd. (Napoleon) and FPI Fireplace Products International Ltd. (Regency). Advisors' Opinion:
Hot Warren Buffett Stocks To Own Right Now: USA Technologies Inc.(USAT)USA Technologies, Inc. supplies cashless, remote management, reporting, and energy management solutions for the unattended point of sale market primarily in the United States. The company offers networked devices and associated services that enable the owners and operators of stand-alone distributed assets, such as vending machines, kiosks, personal computers, photocopiers, and laundry equipment the ability to remotely monitor, control, and report on the results of these distributed assets, as well as the ability to offer their customers cashless payment options. Its products include Intelligent Vending, an ePort connect solution for the vending industry; Kiosk, an ePort solution that offers an electronic payment option and Web-based remote monitoring and management for various kiosk types; eSuds, a solution for the commercial laundry industry; Business Express, which provides self-service business center solutions to the hotel and motel industry; and ePort Transact soluti on for the self-service business center devices, such as printers and copy machines. The company also manufactures and sells energy conservation products comprising VendingMiser, CoolerMiser, VM2IQ and CM2IQ, SnackMiser, and PlugMiser for various existing equipment, including refrigerated vending machines and glass front coolers. USA Technologies, Inc. was founded in 1992 and is based in Malvern, Pennsylvania. Advisors' Opinion:
Hot Warren Buffett Stocks To Own Right Now: Xerox Corporation(XRX)Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. Its business process outsourcing services include human resources services; finance and accounting services; healthcare payers and pharma; customer management solutions; healthcare provider solutions; technology-based transactional services for retail, travel, and non-healthcare insurance companies; programs for federal, state, county, and town governments; transportation solutions; and government healthcare solutions. The company is involved in designing, developing, and delivering IT solutions, such as comprehensive systems support, systems administration, database administration, systems monitoring, batch processing, data backup, and capacity planning services; telecommunications management services; and desktop services. Its document outsourcing services comprise managed print services that optimize, rationalize, and manage the operation of Xerox and non-Xerox print devices; and communication and marketing services that deliver design, communication, marketing, logistic, and distribution services through SMS, Web, email, and mobile, as well as print media. The company also manufactures and sells products, including desktop monochrome, color and compact printers, multifunction printers, copiers, digital printing presses, and light production devices for small/mid-size businesses and large enterprises. In addition, it sells paper, wide-format systems, network integration solutions, and electronic presentation systems. The company sells its products and solutions through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut. Advisors' Opinion:
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