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SECRETS/ 24 tips from the genius Warren Buffett on how to become rich

2022-09-13 21:14:39Lifestyle SHKRUAR NGA REDAKSIA VOX
SECRETS/ 24 tips from the genius Warren Buffett on how to become rich
The investment legend shares some secrets about his success

Warren Buffett is a true genius because he manages to put complex ideas into sayings that will stand the test of time. He spent his life dispensing advice to all who would listen, thus earning the name the Oracle of Omaha.

Read Warren Buffett's best quotes about life first:

For life

1 - You have to do some things in your life right as long as you don't do too many things wrong.

2 – It is not necessary to do extraordinary things to get extraordinary results.

3 – What we learn from history is that people do not learn from history.

4 – Chains of habit are very easy to feel as long as they are very heavy to break.

5 – There are some human beings who like to complicate simple things.

6 – Nothing does more damage to rationality than large sums of money earned without effort.

7 – It takes 20 years to build a good reputation and 5 minutes to destroy it. If you think this, you will do many things differently.

8 - It's good to hang out with people who are better than you. Choose them and you will go in a better direction.

9 – The price is what you pay, but what you get are the values.

For business

1 – The best quality for an investor is temperament, not intellect. A state that gives you great pleasure like being with or against the crowd.

2 - Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things take time.

3 – There is no need to take big steps. But to walk forward with small steps.

4 – Opportunities keep coming. When the rain is golden, don't open the umbrella, but put the bin to collect it.

5 – Change is a defense against ignorance. It makes sense to those who know what they are doing.

6 – I am a good investor because I am a businessman and I am a good businessman because I am an investor.

7 – It is much better to buy a good company at a reasonable price than a modest company at a high price.

5 knowledge

Einstein said there are 5 levels of intelligence: smart, intelligent, brilliant, genius, and simple

1 - "I will tell you how to become rich. Close the doors. Don't be afraid when others are greedy. And be greedy when others are afraid."

It is an expression to show that the key to investing is to buy low and sell high

2 – “I tell students, when you get to be my age you will be successful if the people you hoped would love you, love you”

Buffett spent his life studying successful people. It is important to hear that at the end of the day money is not the most important thing in life.

3 - "The difference between successful people and really successful people is that very successful people say No to almost everything."

Steve Jobs, Bill Gates and Buffett have attributed their success to focus.

4 – “I have seen more people fail because of drink and debt. If you're smart, you can make a lot of money without taking on debt."

You learn more from other people's mistakes than from people's successes.

5 - "What an investor needs is the ability to properly evaluate the chosen businesses. It is not necessary to be an expert but to evaluate companies within the circle of competence.

A proverb says: "Buy what you know"

Warren Buffett's secret to success: Warren Buffet's secret to success is that he is constantly learning.

Buffett is a better investor today than he was 50 years ago.

If you stand still with the same knowledge you have, it gets worse. The key factor is to keep learning, and I don't believe that people who don't enjoy the learning process will continue to learn.


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