4 Investing Lessons From Oprah Winfrey

Oprah Winfrey has her hands in so many aspects of media it's hard to keep track. But she didn't build her empire overnight. It took years of hard work and effort to get to where she is today, and to accumulate an astounding $2.6 billion net worth.

Of course, most of us won't come close to emulating Oprah's level of wealth. But there are a number of important investing lessons we can learn from her nonetheless.

It's no secret that Oprah has struggled with her weight through the years, so it makes sense that she turned to Weight Watchers from both a lifestyle and an investing standpoint by following its diet program and buying its stock. Of course, you don't necessarily need to limit your portfolio to companies whose products you use regularly. But one thing you should do is make sure to load up on companies whose business models you truly understand. Specifically, you should know how those companies make money and what gives them an edge over the competition.

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Source Fool.com