Just felt like sharing
these excellent tips from the billionaire Warren Buffett. If you’re wise, you will
take them seriously. These are not just tips, but experience tips. Enjoy!
The
Man: Warren Buffet
.
Warren Buffett is one
of my most respected business mentors. Most people recognize Warren Buffett as
the richest investor in the world and he absolutely is. But what most
people has never given a thought is that Warren Buffett is an entrepreneur; a
successful entrepreneur to be precise.
.
Forbes magazine regards
Warren Buffett as the man that made his entire fortune from the stock market.
While they may not be wrong, I think this fact is been misinterpreted. Wealth
is not judged by one’s activity; it’s the “behind the scene” business
that makes the big difference. Warren Buffet did not become a billionaire by
buying and selling stocks; he became a billionaire by building Berkshire
Hathaway and used the company as leverage to buy other companies.
.
Building a business (Berkshire
Hathaway) and selling shares to the public is what made Warren Buffett a
billionaire; not trading stocks. And I think it’s worthwhile you know that
Warren Buffett doesn’t invest in stocks; he buys businesses. He’s not
interested in the stock price; he’s more interested in the “business” of a
business. Now what does it take to buy a business successfully?
.
It takes business
intelligence to spot a good business and you can never acquire such
intelligence unless you are a business owner. This is why I regard Warren
Buffett as an entrepreneur as much as an investor. I got the inspiration for
this article by asking myself this question: if Warren Buffett was to invest in
my business, what would he look out for? So it’s based on this
finding that I bring to you seven business lessons I have learned from Warren
Buffett.
.
Let’s go with some tips…
.
On
Earning: Never depend on single income. Make investment to
create a second source.
On
Spending: If you buy things you did not need, soon you will
have to sell things you need.
On
Savings: Do not save what is left after spending, but spend
what is left after saving.
On
Taking Risk: Never test the depth of river with both
feet.
On
Investment: Do not put all your eggs in one basket.
On
Expectations: Honesty is very expensive gift. Do not
expect it from cheap people.
.
Warren Buffett's 5
Best Success Tips from 120 Hours of Berkshire Shareholder Meetings
.
- Develop your public speaking
skills. ...
- Read Buffett's favorite
book. ...
- Wear your passion on your sleeve.
...
- Always take the optimistic
viewpoint. ...
- Pick someone you admire and adopt
their qualities.
No comments:
Post a Comment