Personal Development

Warren Buffet’s Wisdom

Posted on by ums

 

Warren buffet has great words of wisdom to share. Known as the Oracle of Omaha, he is one of the greatest investors of all time. Despite his extensive knowledge in the field finances, Buffet is able to offer advice to anyone willing to learn. The team at Unique Mindset has complied some of his greatest advice.

Find your passion.

Never give up searching for a career that you are passionate about in life. Without passion, you don’t have energy. Without energy, you have nothing.

Look up to great people.

If you tell me who your heroes are, I’ll tell you how you’re gonna turn out. Have a list of outstanding individuals you look up to and learn from them.

Don’t follow the crowd.

Be fearful when others are greedy and to be greedy when others are fearful. Do not follow blindly. It is easy to be lost in the wave of emotion these days. However, learn to stand firm in your beliefs. Do not be like a leaf that blows with any coming wind.

Communication is key.

Warren Buffett was scared of public speaking. He signed up for a Dale Carnegie class which changed his view of public speaking and helped him tremendously.

Get involved with a growing businesses.

You want to be on a train that’s going 90 miles an hour and not on one that’s going 30 miles an hour.

It’s better to hang out with people better than you.

The only way to grow is to surround yourself with people who know more than you do. Pick colleagues who are better than you and your life will drift in that direction.

Someone’s sitting in the shade today because someone planted a tree a long time ago.

Life is not always about you. What you give to others can go a long way to have an impact on their life and yours.

You don’t have to be a genius to invest well.

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

Stock Investing.

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. For investors as a whole, your returns decrease as your motion increases. The more you buy and sell, the lower your return. Also, never invest in a business you can’t understand.

How you react makes all the difference.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently. People who take off with anger, usually make a rough landing.