3 Priceless Pieces of Advice from the World's Greatest Investors

It's no secret that investing is hard. The average investor underperformed the S&P 500 by 1.4% from 2001 to 2020. While many people are unable to beat the market, there are a few investing legends who consistently outperform. By following their advice, you can deploy a successful investment strategy too.

Cathie Wood is debatably the most famous person in finance right now. Her flagship fund, ARK Innovation (NYSEMKT: ARKK), boasted 140% returns in 2020 and a 35% annualized return since inception. While her fund hasn't had to navigate a prolonged recession yet, her focus is on companies with "new products or services that potentially change the way the world works."

She recognized Tesla's (NASDAQ: TSLA) potential early, boasting over 1,600% cumulative five-year return as it has become the seventh biggest company in the S&P 500.

Source Fool.com