The Berkshire Hathway stalwart, Warren Buffet investment tips are truly an inspiration. He is a genius, whose advice can be followed by anyone who desires to be successful. He knows what trick to play to make things the way he wants them to be. He has become a household name, and is admired by many.
If you want to follow his path, you must follow Warren Buffett investment tips. Do you want to know what advice? Keep reading to find out.
- The Quest of Becoming Extraordinary
Buffet said, “It is not necessary to do extraordinary things to get extraordinary results.” He truly knows the relevance of originality and authenticity, and believes that it is not always necessary to go out of the box, wonderful things can be done even by staying on a common path. The only thing required is motivation and hard work, and if you have that, nothing is unachievable.
- Relevance of Temperament
“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”
Buffet is quite right while saying this since any business requires patience and calm, more than anything else. Being neutral will surely save you from a lot of troubles, and prepare you for the challenges to come.
- Love is Significant
“I tell college students when you get to be my age you will be successful if the people who you hope to have love you, do love you.”
Loving your career and your work is necessary, however, leaving behind the important people in your life is never an option. Moreover, the success is sweeter when shared with the near and dear ones. Money is not everything, the earlier you understand this, the better.
- Do Not Be Afraid To Say ‘No’
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
If you want to become great at what you do, saying no to some things always works in favor of it. More work for more productivity in a messed up concept, and saying no to most of the things and focusing on just the relevant few is actually what takes you towards success.
- The Right Attitude at the Right Time
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
This is one of Buffet’s favorite tactic and it suggests to take advantage of every opportunity you get. Not following the masses blindly and paving a road of your own will certainly take you to new heights.
- The Fragile Case of Reputation
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
Be it any field, having a reputation is important, and building a good one helps you in progress. While it takes years to attain a decent reputation, it can be ruined in seconds. Therefore, proceeding with utmost cautious is quite significant.