Warren Edward Buffett is an American business magnate, investor, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is one of the most successful investor in the World.He is the 3rd Wealthiest person in the World.
Top important Quotes of Warren buffett:
“Predicting rain doesn’t count. Building arks does”.
“Risk comes from not knowing what you’re doing”.
“Someone is sitting in the shade today because someone planted a tree a long time ago”.
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks”.
“The first rule is not to lose. The second rule is not to forget the first rule”.
“I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about”.
“When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact”.
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years”.
“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 you really want them to be dumb and lazy.”
“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.”
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?”
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute. ”
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
“The most important thing to do if you find yourself in a hole is to stop digging.”
Warren Buffett’s top 10 rules of life:
1. Find your passion.
2. Hire well.
3. Don’t care what others think
4. Read, Read, Read
5. Have a margin of safety.
6. Have a competitive advantage.
7. Schedule for your personality.
8. Always be competing.
9. Model success.
10. Give unconditional love.
Business ideas of Warren Buffett-If a person with reasonable intellectual and terrific passion with good people around them can excel for sure. Be determined to succeed having a dream and working to accomplish that dream will fetch you a massive success. Try to find your passion where the work you do should be loved and determined by you in the same way you love your vocation,you should love your work either. When you start to be the person you admire,try to cultivate the habits of a person who you want to be,then slowly people will start to cultivate those habits and bringing the change in themselves.Delight the customers to see a massive development in your business. Cultivate the habits of reading which impacts massively to your growth.
When you make a smart decision,when it comes to investment and business you should not hurry in making decision instead take time and make a wise decision. When you understand the competitive aspects of business you can excel in your business by beating your competitors. When you make a parameter of circle to know about the knowledge of business and staying in that circle will be a safe game rather than exploring the unknown. When you’re being rational in terms of behaviour and habits the output will be immaculate. Learn from the mistakes which gives you life lesson to not to do it again. Your passion determines you, wealth can be earned but the work which you are passionate and loved about will not be got again. When you follow a right person your destination will be clear,you will be easily following them by using their techniques and methodologies to implement them in your life to succeed.