Warren Buffett – Life Lessons from the Legendary Investor

Never invest in a business you do not understand
He often said that one should always invest in businesses they understand. One should always invest in sectors one believes in.

If you’re not investing, you’re doing it wrong
His lessons are always to invest, rather than holding on to the assets and doing nothing to increase them, as he says holding on to cash is a bad investment.

Stick to your long term plans
Buffett always promoted long term investments and says only buy something that you’d be perfectly happy to hold if the market shut down for 10 years

Invest in yourself
One of the biggest investments is to invest in yourself. Invest time to think and analyze. Read books to gain knowledge, are a few of his takeaways that one must incorporate in their lives to be successful

Credit card debts
He always believed that having credit cards and paying 12% to 18% interest on them makes less benefit. You can’t go through life, borrowing money at those rates and be better off. I would suggest to anybody that the first thing they do in life is that they can get something else later on, but don’t be paying even 12% to anybody just pay that off…,” said Buffett.

You only have to do a few things right
There is a lot one can learn from the legendary business tycoon and investor. There is one quote from him which says “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

Time is a friend of …
Warren Buffett says, “Time is the friend of the wonderful business, the enemy of the mediocre.” The long run to success holds many valuable and life lessons and makes the victory even more worthy. So, one should always be patient.

We should never get obsessed with quick results and profits, instead, keep calm and have patience. Success doesn’t come overnight—not even for Warren Buffett.

Love what you do
Buffett has always promoted that one should spend their time and effort on things they like and love doing, rather than taking on too many successive jobs which they dislike.

He has said many times that he loves what he does. It’s that passion and love for work that allows him to still wake up every day and go to work when he’s pushing 90 years old.

He was quoted saying: “I can’t buy time, I can’t buy love but I can do anything else with money, pretty much. And why do I get up every day and jump out of bed and I’m excited at 88? It’s because I love what I do and love the people I do it with.”

Closing thoughts
The legendary businessman and entrepreneur continues to inspire new and old generations with his outstanding business capabilities and success stature. A lot more can be learned from him and the learning continues as he continues to instigate the businessman and investor amongst each newcomer.

Warren Buffett – Life Lessons from the Legendary Investor

Never invest in a business you do not understand
He often said that one should always invest in businesses they understand. One should always invest in sectors one believes in.

If you’re not investing, you’re doing it wrong
His lessons are always to invest, rather than holding on to the assets and doing nothing to increase them, as he says holding on to cash is a bad investment.

Stick to your long term plans
Buffett always promoted long term investments and says only buy something that you’d be perfectly happy to hold if the market shut down for 10 years

Invest in yourself
One of the biggest investments is to invest in yourself. Invest time to think and analyze. Read books to gain knowledge, are a few of his takeaways that one must incorporate in their lives to be successful

Credit card debts
He always believed that having credit cards and paying 12% to 18% interest on them makes less benefit. You can’t go through life, borrowing money at those rates and be better off. I would suggest to anybody that the first thing they do in life is that they can get something else later on, but don’t be paying even 12% to anybody just pay that off…,” said Buffett.

You only have to do a few things right
There is a lot one can learn from the legendary business tycoon and investor. There is one quote from him which says “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

Time is a friend of …
Warren Buffett says, “Time is the friend of the wonderful business, the enemy of the mediocre.” The long run to success holds many valuable and life lessons and makes the victory even more worthy. So, one should always be patient.

We should never get obsessed with quick results and profits, instead, keep calm and have patience. Success doesn’t come overnight—not even for Warren Buffett.

Love what you do
Buffett has always promoted that one should spend their time and effort on things they like and love doing, rather than taking on too many successive jobs which they dislike.

He has said many times that he loves what he does. It’s that passion and love for work that allows him to still wake up every day and go to work when he’s pushing 90 years old.

He was quoted saying: “I can’t buy time, I can’t buy love but I can do anything else with money, pretty much. And why do I get up every day and jump out of bed and I’m excited at 88? It’s because I love what I do and love the people I do it with.”

Closing thoughts
The legendary businessman and entrepreneur continues to inspire new and old generations with his outstanding business capabilities and success stature. A lot more can be learned from him and the learning continues as he continues to instigate the businessman and investor amongst each newcomer.