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The entire thread will have 7 important lessons we can learn from Warren Buffet and his life. I hope this inspires a few and would love if it reaches masses.
So don't forget to #retweet and share with your loved once.
1-Rejection is the stepping stone
Warren Buffet a few years ago was rejected by Harvard where he really wanted to get enrolled. Instead of considering this setback as the end of the world,he took it positively and later on ended up being taught by his fav guru Benjamin.
2-Focus
Ever imagined why Warren Buffet prefers to stay in Omaha?
Or is Warren Buffet watching his cell phone again and again while working?
Or is he checking his mails?
Nah,Warren Buffet always focuses on work in hand and stays away from all distractions.
3-Power of diversification
Warren Buffet has always preached not to park all your funds in one particular asset class or share. He knows that the risks become too high and it becomes a sort of speculation and so he insists everyone to diversify always.
4-Economic moat
Warren Buffet always suggests people to look for competitive advantage in any company when one is planning to do long term investing. The sole reason being that with this moat,a company continues to grow in years to come and so does your money.
5-Power of compounding
If someone has really understood the power of compounding then it none other than Warren Buffet. Warren Buffet started investing since 16 and continued doing so. His major wealth came after 50s but the rate at which it compounded,baffled all.
6-Treat as business
You should look at stocks as small pieces of a business, not as a trading product.This is what Warren Buffet has always preached. Warren Buffet suggests to always think as if you are an owner of the company and a business requires time to grow.
7-Reading
Warren Buffet spends 80% of the time reading.I know its not possible for all but we can always twist it. Today we have newer resources like podcasts,videos,tweets etc from where we can learn.Luckily if you are reading,I too try to impart knowledge via all these :)
I hope you learned something from this thread and if you did,would appreciate a RT for wider reach.
I will soon be posting learning from more than 100 legends in our field to inspire you,guide you and help you.
Till then
Keep learning
Keep sharing
Keep growing
#AKAL
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