What I learn from Warren Buffet’s 60 quote- part 1
Warren Buffet is nearly 91 years old this year. He is 21 century greatest investor in the world. He is legend and the ordinary people will never have chance to meet him in person. Or even his Warren Buffet diner can cost millions. But it will never stop us to learn a lot of wisdom from him. He has a lot of very famous quotes regarding to save, invest, personal development, business. I feel that it will be great resources to collect. Learn from the greatest investor in the world. Even read a lot of times and try to understand behind quote. I will write six posts for listing his famous quote.
Who is Warren Buffet
Warren Buffett, in full Warren Edward Buffett, (born August 30, 1930, Omaha, Nebraska, U.S.), American businessman and philanthropist, widely considered the most successful investor of the 20th century, having defied prevailing investment trends to amass a personal fortune of more than $60 billion.
How Warren Buffet become millionaire?
From Wikipedia
In 1962, Buffett became a millionaire because of his partnerships, which in January 1962 had an excess of $7,178,500, of which over $1,025,000 belonged to Buffett. He merged these partnerships into one. Buffett invested in and eventually took control of a textile manufacturing firm, Berkshire Hathaway.
Let us begin with his quote.
1. Honesty is a very expensive gift, Don’t expect it from cheap people – Warren Buffett
This is amazing suggestion from Warren. Honesty is value. Value is behind your mind and behaviors. People cant see value and only can see your words and behaviors. Trust is built from honesty. Business is built by trust. Personal brand is built by honesty.
A lot of people talk about earn money from online. But if you never build trust and build personal brand, give value for people and show them you are honest people, how they will tap affiliate marketing link?
2. Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.-Warren Buffet
Integrity means that the quality of being honest and having strong moral principles. Honest and moral principles are most important qualities for people. You can never know integrity till you deal with people. Think about if some employee are high intelligence and energy, but they don’t have integrity, they can stole all business core data, client base……. So Warren has already build his personal brand and he is person who has three qualities– integrity, intelligence, energy.
3. Price is what you pay. Value is what you get – Warren Buffett
This is most famous quote in share market. I must say that I am terrible individual share pick. I paid share price, I got the value of company. Recently, I always think that individual share pick involved so high knowledge, if we cant pick up share like Warren, Why not just invest his BBK-B share and hold it. Warren will be your manager to do share pick?
4. Someone’s sitting in the shade today because someone planted a tree a long time ago – Warren Buffett
With this quote, Buffett was speaking to long-term investing, but it applies to any venture worth pursuing. Instead of looking for easy gains or quick fixes, be prepared to put in the time it takes. I do not believe that get rich quick. For me, it is all scam. It took me many years to build good property portfolios. I took long term passive investing strategies. Sometimes, passive is better than active.
5. Be Fearful When Others Are Greedy and Greedy When Others Are Fearful – Warren Buffett
This statement is somewhat of a contrarian view on stock markets and relates directly to the price of an asset: when others are greedy, prices typically boil over, and one should be. When I went back to see Sep 2001, when terrorist attacks in the US on September, the share market come down 15%, Even Covid 19, the share market also came down. But the market recovered with such strong after that. During depress time, it take greatest brave to become greedy when most of people feel fear.
6. If you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent – Warren Buffett
CNBC report that Buffett topped the list for Warren who gave the most since 2000 — more than $46 billion. That’s an astounding 71 percent of his fortune. If you’re curious, Bezos, Amazon’s chief, last year giving less than 0.1 percent of his net worth to charity.
Putting his money where his mouth is, Buffett once famously challenged the extremely wealthy when he declare.
Even we cant do as Warren did, we can do so many kind things just around us, help older people, share knowledge, contributed time and money for local community.
7. The most important thing to do if you find yourself in a hole is to stop digging – Warren Buffett
I used to do share pick and concentrated on dividends. I nearly lost all my capital in One small mining company. When I sold it finally, the pain is much more than gain. This quote remind me: If you find you’re in a bad investment, stop throwing money at it. Though it’s painful to pull out, in the end it is far more profitable.
8. Risk comes from not knowing what you’re doing – Warren Buffett
I learnt this in hard way, it will be better to find one niche or few niche area and focus on it. Read as much books as possible and become expert on few area. Then you knew what you look and what you
9. The difference between successful people and really successful people is that really successful people say no to almost everything – Warren Buffet
This teach us to focus on. Focus on the most important part of your business or your health. Instead of spreading so wide and will be focus on few things and become expert in it.
10. 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 – Warren Buffett
Get rich quickly is impossible and everything take time to learn, the business and personal reputation, online business, blog…..Nothing is quick. It took patience and never give up.
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