The Word of Wisdom that I learned from Mr Warren Buffett

For me, inside this book, you will get important advice from Warren about life skill, getting rich, business life, education and workplace.

There are many categories but I just list out some of the important points:

Quoted from Warren Buffett

1. Rule No.1 Never lose money. Rule No.2 Never forget rule No.1.

2. Never be afraid to ask for too much when selling or offer too little when buying.

3. It is impossible to unsign a contract, so do all your thinking before you sign.

4. It is easier to stay out of trouble than get out of trouble.

5. You should invest like a Catholic marries-for life.

6. It takes twenty years to build a reputation and five minutes to lose it. If you think about that, you will do thing differently.

7. I don't try to jump over seven foot bars; I look around for one foot bars that i can step over.

1. If a business does well, the stock eventually follows.

2. You don't have to make money back the same way you lost it.

3. I look for busnesses in which i think i can predict what they are going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the Internet is going to change how people chew gum.

1. You have to think for yourself. It always amazes me how high IQ people mindlessly imitate. I never get good ideas talking to other people.

2. The smarter the journalists are, the better off society is.

3. You want to learn from experience, but you want to learn from other people's experience when you can.

1. In looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity, because if they don't have that, the other two qualities are going to kill you.

2. The really good business manager does not wake up in the morning and say," this is the day that i am going to cut costs," any more than he wakes up and decides to practice breathing.

3. We enjoy the process far more than the proceeds, though i have learned to live with those also.

4. If you hit a hole in one on every hole, you wouldn't play golf for very long.

1. Never ask a barber if you need a hair cut.

2. Forcasts usually tell us more of the forecaster than of the forecast.

1. Diversification is a protection against ignorance. It makes very little sense for those who know what they are doing.

2. Why not invest your assests in the companies you really like? Too much of a good thing can be wonderful.

3. You only have to do a very few things right in your life so long as you don't do too many things wrong.

1. If you let yourself be undisciplined on the small things, you will probably be undisciplined on the large things as well.

2. Imagine that you had a car and that was the only car you'd have for your entire lifetime. Of course, you'd care for it well, chaging the oil more frequently than necessary and driving carefully. You have only one mind and one body. Prepare them for lifem care for them. You can enhance your mind over time. A person main asset is themselves, so preserve and enchance yourself.

3. We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful.

1. The most important thing to do if you find yourself in a hole is stop digging.

2. We never look back. We just figure there is so much to look forward to that there is no sense thinking of what we might have done. It just doesn't make any difference. You can only live life forward.

3. If you don't make mistakes, you can't make decisions.

4. That which goes up doesn't necessarily have to come down.

These are all the important ones I have taken notes. I guess is a useful and motivational quotes for all of you in the future in order to have a better life and enlightened business skill!

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