I have my favourite Billionaires: Mark Cuban, Richard Branson, Bill Gates, Sheldon Adelson and George Lucas. All of them have made their fortunes doing what they love: Whether through software, the Internet, great branding, conferences or great movies. They each had that one thing that they became the best at. However none has got success down to an art like mr Warren Buffett.Warren Buffett, the world’s best investor and second richest man has made his fortune of being, 1, smart and 2, patient. When buys stock as an investment, he does so for the long haul. In his words:
“You should invest like a Catholic marries – For Life”
See it like a football game: His team is a great running team without a field goal kicker. He rushes to get to first down, without ever needing to kick in the fourth play. He does not go for the long, risky Quarterback throw, he moves slowly forward with his offence. And his team is always in the final.
His books are filled with lessons in success: He tells in one of his books that integrity and reputation is everything. That you can build your reputation for twenty years and loose it in five minutes: Therefore do not ever be greedy just to make an extra buck. He prides himself that he has no regrets. Every transaction he made seemed the best at the time and he never compromised his integrity in any of them.
If you ever want to read a good biography, read his. (I think there are three different biography titles out for him). He led an interesting life, making his first investment of $38 at the age of 11! I’ll keep quoting him, since I believe his life is a life worth modelling your own after.
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