Warren Buffett is a rich guy, great investor and well-known man with modest lifestyle. That’s why I made him as a role mode. In this section, I wanna share his habits that are written in a book by Lucas Remmerswaal and hopefully, they can improve our life.
Be honest not only to others but especially to yourself. Ask yourself is it right thing to do? Judge every action by : how if people know what I do?
As Warren Buffet said, “Keep your own internal scorecard”.
Warren is a learner. He likes reading everything with ferocious curiosity and being a multi-disciplinary learning machine.
”There is more treasure in books than in all the pirates loot on Treasure Island” – Walt Disney
Assiduity means to commit yourself to your study with a passion and ahve lots of fun doing it.
Warren Buffet is a very very very rich guy but still live in frugality. He taught to save at least 10% of everything we earn and do not borrow money because we will end up in debt.
Make sure that you understand the language of practical business life. Warren Said that in the business world, the rearview mirror is always clearer than the windshield.
You will be the same person in five years as you are today except for the people you meet and the books you read. By reading you will library_11exercise your mind like walking does for your body.
Gratitude is the best attitude. Team -work with people you like, trust and admire. Learn to appreciate everything your team-work do and you’ll break-dance to scholl evey day.
8. Standing on The Shoulders of Giant
By standing on the shoulders of giant, we can see further.
If I have seen a little further it is by standing on the shoulders of Giants.” – Isaac Newton
Warren said that a public-opinion poll is no substitute for thought. Think for yourself. Don’t just follow the herd! Take care of the down side and the up side will take care of itself.
One of Warren’s famous saying is, “Put all your eggs in one basket, and then watch that basket”. Stay on track, concentrate and watch that basket.
11. Compound Interest
Some people said that Compound Interest is 8th wonder of the world. This is the most powerful thing in the universe and let it work for you.
“Life is like a snowball. The important thing is finding wet snow and a really long hill.” – Warren Buffett
Begin with the end in mind. The mental habit of thinking backwards works like magic. If you don’t, you’ll never be a really good thinker. In terms of investment, Warren taught to begin with the end of investment period and do think backwards to the present.
“Be consistently not stupid, instead of trying to be very intelligent.” – Charlie Munger
Warren is a person that works and decide using intuition. Learn to listen to tiny hunches, feelings, or fleeting thoughts. They are like clouds in the sky but when you write them down in a notebook and act on them. They will become your most powerful habit.