Warren Buffett is considered as one of the most successful investors of history.Currently he is serving as the CEO of Berkshire Hathaway and has a net worth of $78.7 billion ,which makes him the second richest person of the planet according to
Forbes.He has started working for himself at the age age of 11 buy buying some stocks of Cities Service.He has always been a motivation towards the world and youth.He has some life thoughts ,which he believes made his way this long.
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Here is top ten life changing lessons from this Investment Guru:
1."What the wise do in beginning ,fools do in the end"
Wise people always choose the right way to accomplish an work rather than wasting their time trying in a wrong way.They think ,plan and decide what to do.So success come to their hand soon and easier.But the fools never knows what to do and how to do.They never know what they are doing.So they waste their time and after a long way of failure they realize that they were wrong.It is because they never make any plan and they never try to understand what should be the possible solution towards their problems.
2."Never ask a barber when you need a haircut"
If you want to achieve anything you should never be dependent on someone else.You can ask help from experts but never let them drive you on their way.Because as you have you own motives so they also have their own agenda to establish.So be concerned about your goal always.
3."You only have to do a very few things right in your life so long as you don’t do too many things wrong"
If you have done nothing that is bad,but if you have done something wrong that is worse.Because if nothing is done than it can be done but if something is done wrong than first it should be corrected and than right things can be done.If you don't make more mistakes you will have to work less to be successful.
4."If you buy things you do not need, soon you will have to sell things you need"
Only buy things that you need .If you don't follow this rule soon you will have to sell things you need to live.Never buy things only for showing off or encourage you unnecessary wishes.It is a n wastage of your money that can harm your financial condition.
5."Keep Good Company"
A man is known by his company.Always remember that one who has good friends has a good life.Yours friends indirectly controls your life,work and dream.So they should be honest and good to encourage you in a positive way.The key is to keep company only with people who uplift you ,whose presence calls forth your best.Bad company corrupts good characters.Good company in a journey makes the way seem shorter.
6."Hone your speaking skills"
A good speaker is a good leader.And a good leader is very important to make things achievable.If you can speak you can influence,if you can influence you can change lives.All the great speakers where bad speakers at first.So nothing to worry about if you are not a good speaker.Words have incredible power.They can make people's hearts soar,or they can make people's hearts sore.But remember practicing in front of mirror damages your confidence.
7."Protect Your Reputation"
A good reputation is more valuable than money.warren Buffet said to youth that"It takes twenty years to build a reputation and five minutes to ruin it.If you think about that you will do things differently.".Do not leave your reputation to chance or gossip.It is your life's artwork ,and you must craft it ,hone it.And display it with the care of an artist.Repetition makes reputation and reputation makes customers.You can't buy a reputation,you must earn it.
8."Research Your Investment"
Carefully researching stocks before putting money into them is always necessary.Warren Buffet said on investment "Don't put all the eggs in one bucket".Everyone who is not investing now missing a tremendous opportunity.In investing which is comfortable is always profitable.
9."Enjoy Your Work"
Mr. Buffett said that"Enjoy your work and work for whom you admire.".If you enjoy your work,you do a better work and if you do a better work you do a better business.Confucius said that"Choose a job you love,and you will never have to work a day in your life".
10."Don't give up"
"Never give up searching for the job that you are passionate about-Warren Buffett".Don't give up.The beginning is always hard.If you can't stop thinking about that don't stop working for that.If you try you never loose,but if you give up you are lost.Remember you never loose ,you just learn.
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