Legendary investor Warren Buffett has a tip for investors trying to get rich on Wall Street through a hot tip: it won't work, so do your own work.
"I mean, on any given day, two million shares of Coca-Cola may trade," the "Oracle of Omaha" explained to a captive audience at the 1994 Berkshire Hathaway annual meeting. "That's a lot of people selling, a lot of people buying. If you talk to one person, you'd hear one thing ... you really should not make decisions in securities based on what other people think."
"A public opinion poll will just — it will not get you rich on Wall Street," Buffett told his throng of followers.