5 Life Lessons To Learn From Warren Buffett
There’s a quote by Warren Buffett that holds a true-depth meaning
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”– Warren Buffett
Warren Buffett, the CEO of Berkshire Hathaway, the American MNC which wholly owns about 12 leading companies and holds minority shares in other major leading world brands.
Well, even if I don’t tell you all of that, I’m pretty sure the name itself is enough to figure out who Mr. Buffett is because the world’s seventh-richest person has become a regular on the world wide web and the papers as well.
Buffett is best known for being one of the world’s most successful investors and it is not surprising that his investment strategy has reached mythical proportions.
So, while we’re at it let us also dive a bit into Buffett’s philosophy.
Like bargain hunters, the value investor searches for stocks believed to be undervalued by the market, or stocks that are valuable but not recognized by the majority of other buyers.
Buffett isn’t actually really concerned with the activities of the stock market. This is the implication in his famous paraphrase of a famous Benjamin Graham quote: “In the short run, a market is a voting machine but in the long run it is a weighing machine.“
Buffett looks at a company as a whole, so he chooses stocks solely based on their overall potential as a company. Holding these stocks as a long-term play, Buffett doesn’t seek capital gain, but ownership in quality companies extremely capable of generating earnings.
When Buffett invests in a company, he isn’t concerned with whether the market will eventually recognize its worth. He is concerned with how well that company can make money as a business.
While there is a growing awareness among youths in the share market, investment, and stocks, truth be told most of us aren’t sure most of the time or are scared.
But the best thing is that even if we can’t pick up Buffett’s methodology or philosophy, we can pick up some of the best life lessons from the inspirational life of billionaire investor Warren Buffett.
1. Success has no age bar
Just because you see your social media filled with young successful entrepreneurs doesn’t mean that success comes at an early age only.
Everybody has their own journey, you just need to trust the process and work smart. For Buffett, success came knocking in his late sixties.
2. Frugal living isn’t a bad thing
As you’ve probably noticed, Buffett’s investing style is like the shopping style of a bargain hunter. It reflects a practical, down-to-earth attitude. Buffett maintains this attitude in other areas of his life as well: he doesn’t live in a huge mansion, he doesn’t collect cars and he doesn’t take a limousine to work.
3. Investing in yourself is the best investment
Buffett often speaks about how when he was younger he knew that he needed good investors to invest in his partnerships so he took classes on public speaking. So the next time you spend your money on your fifth LBD, think again!
4. Reputation is prime
Buffett’s quote “It takes 20 years to build a reputation, and five minutes to ruin it” stands true to this day. No matter which walks of life, your integrity and reputation with others will determine how far you go, and what circles of influence you get into.
5. Do it only if it makes you happy
No matter what you do, make sure it makes you happy. Unhappiness will result in a half-hearted work ethic and poor results. You’re probably going to be better at something if you enjoy doing it.
Buffett famously once tweeted,
The above statement probably stands true irrespective of age. I sincerely hope this article helped you in some way.
Let me know your thoughts in the comments section below.
Thank You 🙂