Warren Buffett ( ultimate goal achiever )

Warren Buffett

He was the most successful investor of the 20th century. Time magazine named him one of the most influential people in the world. It is worth more than $ 70 billion. He is Warren Buffett, and here are his top 10 rules for success. How can other people ... tap dance to work, what's the secret? You find your passion, you find your passion. I was very, very lucky to find .... you know what? I was… seven or eight years old and you know and fortunately my children have found their passion. 

My, you know, a son loves farming and nothing else. A son loves music like everyone else. And all three love philanthropy and what they have to do. When you get it, you're lucky in life and uh- you can't guarantee that you can find it at your first job, but I always tell college students that I come out and say, "Do the work that you will take. If you were rich independently, you would have taken you." You know, you are going to do it well. If you think you're going to be very happy if you've got 2x instead of x, you're probably making a mistake. I mean… you think you like something - that works with me, I am good Pagle Abbas and also Haraman is good and I am crazy because then you will act like borrowed money when you Shouldn't ... or maybe cut corners on things that your employer wants you to cut corners on. It doesn't make any sense. You won't like it when you look back at it ... Three things are integrity, intelligence, and energy in hiring the people you are looking for and they said, "If the person didn't have the first two, then the latter Tha. Two will kill him "Because if they don't have integrity, you want them dumb and lazy. You do not want them smart and energetic. It never bothered me, if people ... disagreed with what I thought, as long as I felt that I knew the facts. I mean there's a whole bunch of things that I don't know anything about. I just stay away from them. Therefore, I keep my circle of competence within me. Tom Watson described it as excellent. He said, "I am not a genius, but I am clever in spots and I live around those places." 

 Well I try and stay around those places… and I have no problem if someone says that you know you are doing something wrong. I just go back and look at the facts ... and I think that is actually a lot more important, frankly, than having an IQ with a few more points or ... or an extra course or two in school Or anything like this. You need emotional stability. I just study and study and study. I probably read for five to six hours daily. I no longer read as fast when I was younger, but I used to read five daily newspapers. I read a large number of magazines. I read 10-KS, I read annual reports and I also read a lot of other things. So I always enjoyed reading, I love reading biographies. Famous lesson about a margin of safety ... You don't drive a truck that weighs 99-hundred pounds across a bridge that says the limit is 10-thousand pounds because you're not sure about it.

 If you see something like that, go down another one down the street and go one after the other, which says, "£ 20,000 limit" .. And that is what you see the nature of capitalism That people want to come to your palace. Makes sense. I mean, if I'm selling television sets or something else is happening then ten other people are trying to sell a better television set. If I have a restaurant in Omaha, people are trying to copy my menu and give more parking and take my chef, and so on ... So, all of capitalism's coming up and taking over the castle Are trying Now, what you need is you need a palace that has something sustainable ... competitive advantage ... some castle with a moat around it. And that trench, which is one of the best mats, is in many cases a low-cost producer. But sometimes fame is just more talent. I mean, if you are the heavyweight champion of the world and you keep beating people, you get a competitive advantage as long as you can do it.

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