The man Warren Edward buffet happens an American business magnate, investor, and philanthropist. He is considered by some to be one of the most successful investors in the world and as of march 2017 is the second wealthiest in the United States and the fourth wealthiest in the world.
Warren buffet is the real great man when it comes to the investing, and he is really worth learning from. Warren buffet was born in 1930 in Omaha, Nebraska. He is also the son of a congressman and stockbroker. And this is a man every young growing person will also want to be like, but the fact is that even as we desire to be like them, look like them it will be very good we intend to know that which they do and even be willing to do more than what they do or they are currently doing.
If there’s anything that I will like to talk about before we launch into looking into some qualities this man possessed that has brought him this far and made him who is, I will like to talk about the fact if you are not will to be hardworking, it better you don’t just read or think of becoming like this kind of people, I tell nothing is it that this people get outside hardworking.
Let’s journey together and see some five basic qualities this man engaged that really work the giant him out, and I tell you this can work for anyone in anywhere in the world only if you are will to take some steps towards getting there.
- STARTING EARLY. One of the greatest lie we are expose to in this part of the world is the fact that we are always too young for everything, we are too young to own a business, we are too young to do something great or think big. In the case of Warren buffet he was not held down by being too young. He leveraged on the opportunity he has even as an ELEVEN (11) years old boy, bought his first stock with Coca-Cola. You can see he started pursing is passion since he was young, it is not enough that you start thinking big at a very young age but put something to start, that little you still have can go a long to help. Get yourself out of the lie that you’re too small to start anything Warren buffet was just 11years when he started and became the number three wealthiest in the United States.
- FOCUSING ON INCOME GENERATION. As an investor you don’t just invest into any business, you need a strategic study of every business or company you invest in, you don’t just pull your money to where you won’t be able to recover it and strategically studying whom and where to invest is nobody’s job than yours, you need to be sensitive to such things these are things that has given a person like Warren buffet an edge in this particular sector, you must be very careful of to discern a company or business that has a brighter future. The purpose of investing is to the end that you may generate income, so you don’t invest where you won’t be able to generate income.
- REINVESTING. This is the part most people don’t really understand, people don’t want to reinvest, but it very advisable to reinvest your dividend from your investment and that is what Warren buffet practice that make him to really stand out.
- ENGAGE INNOVATING SPIRIT. This is a great key that this man has engaged and he is still engaging, he has this innovating spirit that has helped him a lot more. I tell you if you are not will to think off the box, if you are not willing to do the uncommon, if you are not willing to take a risk then you are not will to stand out. You don’t do things the same way and expect different result it is impossible. Warren buffet is a man that has chooses to always find a path that is different and follow it. He is a man that buys when others are selling and also sell when others are buying.
Berkshire Hathaway is as a result of his innovation, even though many company has tried all they could do to imitate the style of the company still no one has the business capital to outperform the S & P 500 in the space of every four or five years.
- HAVING SOMEONE TO LEARN FROM. I decide to cap the whole story up with this particular point, because we are now in a generation why people want to emerge and attain greater height without learning from some who has pass through such a thing or into such a thing. Warren buffet is someone who learn from different source when it comes to investing and he is a type that acknowledge the fact that he learnt a lot from people and did not come this far all alone, if you are conversant with this man Warren buffet he always acknowledge of the person he learnt from in person of BENJAMIN GRAHAM. One the word of our great father in this part of the world Bishop David Oyedepo says if you don’t have a coach you will end up being a cockroach, the work get better and faster when we ride on the shoulder of the fathers and those that passed through what we want to engage.
These are some of the SUCCESS SECRETS of Warren Buffet.
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