Life Lessons From Warren Buffett
- TTmedia
- Jul 26, 2018
- 2 min read
Updated: Aug 1, 2018
There is so much to learn and get inspired from this 87 years young American business magnate and one of the best investors of all time. He is the CEO of Berkshire Hathaway
and also called us " Oracle of Omaha"
As per Forbes real time report as on 7/26/2018, his Net Worth is $82.2B
And he is ranking,
No. 3 - Billionaires of 2018
No. 16 - Powerful People of 2018
Here are few must learn insights by the man himself,
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No.1
Rule of thumb.
Risk comes from not knowing what you’re doing.
Always know what you're dealing with.
If you buy things you do not need, soon you will have to sell things you need
One of his best quotes. Do you really need another costly watch or pair of designer shoes?
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Act with discipline and ethics.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction
Bill gates is a long time friend of Buffet - Choose your friends wisely.
I just sit in my office and read all day
Reading is wisdom.
No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.
Somethings take time.
You can't make a good deal with a bad person
Whom you're dealing with matters.
It is not necessary to do extraordinary things to get extraordinary results.
Simple, just keep it that way.
Never invest in a business you cannot understand.
Stick to the basics.
He gives us so much of positive energy and motivation, truly a living legend.
Which one of his insights inspired you most? Keep us posted !!!
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