5 things of Warren Buffett If you want to become Rich
If you want to earn a lot of money, if you
want to become rich, then befriend the person who is better than you in this
world. And be with the person whose behavior is better than yours.
Automatically, you will move forward and become rich.
This has to be said about one of the richest
people in the world, Warren Buffett.
Warren Buffett, who bought shares of a
company called Berkshire Hathaway at one time and slowly became the owner of
that company. Berkshire Hathaway is the firm today which has 60 companies under
it. And Warren Buffett's net worth is 10,110 crore US dollars.
You will think how did he become so rich?
What is the idea of his life? What does he believe in life? Because of which he
came so far and reached such a high position.
1) Warren Buffett's Early Life and Investment Journey:
Buffett
started investing in the stock market at the age of 11, buying shares with his
sister.
At
13, he was already filing income tax returns, highlighting his early financial
acumen.
The
key lesson learned at a young age was the importance of patience in stock
market investments.
2) Simplicity in Life and Financial Choices:
Warren
Buffett emphasizes living a simple life, demonstrated by still residing in a
house he bought 50 years ago.
Despite
immense wealth, he used to travel economy class and avoided unnecessary
expenditures.
The
mantra is to spend on needs, not wants, reflecting a frugal lifestyle.
3) In-Depth Research and Market Trends:
Buffett
advocates thorough research over calculative risk-taking in investments.
Attributes
his success to the teachings of Benjamin Graham, his professor, emphasizing the
importance of market trends.
Encourages
applying the same principle to cryptocurrency investments, urging investors to
conduct in-depth research.
4) Creativity and Entrepreneurial Mindset:
Buffett's
entrepreneurial spirit was evident from a young age when he engaged people
waiting for a haircut by introducing pinball games.
His
early ventures, like selling Coca-Cola bottles and chewing gum packs, showcased
a keen business sense from childhood.
Facing
rejection from Harvard, he pursued knowledge at Columbia University, ultimately
leading him to his mentor Benjamin Graham.
5) Philanthropy and Legacy:
Despite
being one of the world's richest, Buffett's fame stems not just from wealth but
from donating 85% of his property to the Gates Foundation.
His
belief is that making a positive impact on lives is the most sensible
investment one can make.
The
reminder to follow excellence and do good work, with the assurance that money
will follow, forms the essence of Warren Buffett's philosophy.
Upcomings….
