WARREN
BUFFET’S
SUCCESS
MANTRAS
It is always a pleasure, a highly insightful pleasure,
to read Warren Edward Buffet’s success mantras periodically. This Blog had
covered many of his success Mantras earlier. But, coming from SWATANTRA, an investment Education initiative
powered by the Times of India (page.15 of TOI today), it makes a refreshing
reading.
I am giving below, the bare mantras, leaving the
explanations and descriptions to be read by the reader from TOI itself :
1.
Don’t save what is
left after spending. Spend what is left after Saving
2.
Chains of Habit are
too light to be felt until they are too heavy to be broken
3.
If you Buy things
you don’t need, you will soon sell things you need
4.
Someone is sitting
in the shade today because someone planted a tree long ago
5.
Should you find
yourself in a chronically leaking boat, energy devoted to changing vessels is
likely to be more productive than energy devoted in patching leaks
6.
Risk comes from not
knowing what you are doing
7.
No matter how great
the talent or efforts, some things just take time. You can’t produce a baby in
one month by getting nine women pregnant
8.
The Business
schools reward difficult complex behavior more than simple behavior but simple behavior
is more effective
Buffet has said, “the happiest people do not
necessarily have the best things. They simply appreciate the things they have.”
Talking about his Mantras, Buffet has said,” we simply
attempt to be fearful when others are greedy and to be greedy when others are
fearful.”
Well. There are many more of his mantras well stated
and well explained by many Journalists, authors, Investment counselors and so
on. But, in the final analysis, even these 8 mantras are enough education if
properly understood, remembered and followed. The word saving in these Mantras
actually needs to be understood as timely saving and timely investment both.
So, Invest well and be happy.
= v.vijayamohan
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