Posts Tagged Warren Buffet

Warren buffet advice to a young invester

“If you’re interested in financial matters, getting a stake early is very useful and getting knowlege early is useful…. Just try to keep accumulating knowledge. That’s one of the beauties of the business that Charlie and I are in – everything is cumulative. The stuff I learned at 20 is useful today – not necessarily in the same way and not necessarily every day, but it’s useful. So you’re building a database in your mind that’s going to pay off over time.”

Source: 2001 Berkshire Hathaway annual meeting report.


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Best investment that you can make: Warren Buffet

The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realisation for many people…… Just imagine you’re 16 and I was going to give you a car of your choice today, any car you wanted to pick. But there was one catch. It was the only car you were able to have for the rest of your life. You had to make it last. So how would you treat it?

Well, of course you’d read the owners’ manual about five times before you turn the key in the ignition. You would keep it garaged; any little rust would get taken care of immediately; you’d change the oil twice as often as you were supposed to – because you would know it had to last a lifetime….

Then I tell the students you get one body and one mind. And it’s going to have to last you a lifetime so you’d better treat it the same way. You’d better start doing it right now because it doesn’t do any good if you start working on it when you are 50 or 60 and the little speck of rust has turned into something big… The best asset is your own self. You can become to an enormous degree the person you want to be.”

Source : During the question and answer session at the AGM of his Berkshire Hathaway

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