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If you want to explore the secrets of successful investment through this film, I am afraid you will be disappointed
The whole film is Buffett's complete life, not so much to teach you how to make money, but to teach you how to have a correct view of wealth
Of course, one has to work hard in one's life, and Buffett certainly works hard enough, but please don't ignore the luck behind every success.
I would like to talk about his life from three aspects, or the factors of his success.
self, environment, luck
The characteristics of Buffett
1. I love reading very much. Since childhood, I like to read various books, newspapers, yearbooks, etc. Li Ka-shing said that he should read a book for half an hour every day before going to bed. Buffett is 86 years old and still reads four or five hours a day. He said: The books I read are books that others can read.
2. Focus. Bill Gates and Warren Buffett were friends. When they met, Bill's father gave each of them a small card and asked them to sum up the key to their success in one word. They all wrote the same word: Focus , is focus. The experience they had met was also very interesting. Before meeting Buffett, Bill despised such a businessman, and it was a late meeting after he met.
3. Extremely sensitive to numbers, 86 years old, still remember the exact number of Omaha population in 1930, according to his words: some numbers will be printed in your mind, you don't know why. It can be seen that he is obsessed and sensitive to numbers.
4. He is extremely pursuing the spiritual world. He doesn't buy any famous paintings. His office and home are very ordinary, and he doesn't see all kinds of splendid and exaggerated decorations. Instead, he puts a lot of commemorative objects, such as newspapers from the stock market crash in 1930, such as The diploma of course training he took to overcome his shyness to speak in public. He is extremely fond of eating McDonald's and drinking Coca-Cola, and has no special requirements for substances.
5. Integrity, Munger commented that he said Buffett was ashamed to use deceit to make money. After he acquired Salomon Brothers, Salomon broke the scandal, and finally said when he heard the news on TV: He said this to the employees: I can understand the company losing money, but the reputation of the company is damaged, and I cannot tolerate it.
Second, the nobles in life:
1. Father, Howard Buffett, his father was a stock trader, and later he founded a company and became a Republican congressman. As a child, Buffett first read a book on investing in his father's study, and soon read all the books on the shelf. Although Buffett was politically inclined to the Democratic Party due to the influence of his wife Susie in the later period, he has always maintained his admiration for his father himself, and his father's photo has been hung on the wall of his office.
Being a financial father gave him the natural soil to be exposed to business, investment, and finance since he was a child.
2. Mother, her mother is very good at math. Buffett's sensitivity to numbers should come from her mother's genes.
3. His wife, Susie, is very considerate and takes care of children and family so that he can devote himself to his investment career.
But Susie and he have always had a disagreement about how to manage Buffett's money when he started to make a lot of money. Buffett is a person who strongly believes in the concept of "compound interest". He believes that the money earned should be put into new investments so as to generate new returns. And his wife, Susie, always thought that the money should be donated to charity. So in the early years, Buffett was burdened with a lot of pressure from public opinion because he made a lot of money and lacked donations. After his wife's death, Buffett decided to donate most of his fortune, most to the Bill Merlin Foundation, and a small part to the foundation named after her wife, and their three children took care of it. This is really the best choice. From his wife's foundation to his later death, Buffett's view of wealth has a profound impact.
4. Good teacher: Graham, the proposer of the concept of value investment, Buffett's teacher when he was studying at Columbia University Business School, Graham is the proposer and early practitioner of the value investment theory. Buffett is the perfect practitioner of this theory and has made value investing famous all over the world.
5. Friends: Munger and Bill Gates.
Buffett thinks the smartest person he has ever seen is Munger,
Early Buffett's investment strategy was to only buy cheap stocks, and the emergence of Munger influenced and changed his choice. He would choose valuable stocks, that is, as long as the price of the stock is lower than the actual value of the company, he can buy. Munger, like Buffett, loves to read, and his head is full of all kinds of powerful thought patterns. Munger is also a man of great wisdom, and his thinking patterns and books have influenced many people.
If Graham taught Buffett value investing, then Munger helped Buffett further perfect value investing.
Bill Gates, Bill said Buffett is the smartest person he has ever seen in the world, and he is also the best friend of his wife Merlin.
Buffett taught him investing, Bill and Merlin taught Buffett philanthropy. This sentence is not actually in the film, it's just my guess. In fact, the word "teaching" is not very accurate, and it may be more accurate to use discussion. Buffett donated most of his fortune to the Bill Merlin Foundation, and the two complement each other.
These people are all nobles in Buffett's life, and they have made Buffett today. These are fertile soil, and Buffett is that towering tree.
3. Luck
But do you think it's enough to have that, and to my delight, Buffett considers himself a very lucky man. Successful people say they are lucky, you can understand it as a kind of humility, but it is also part of the truth.
He said that he was very lucky to be born in the United States in 1930, which was a 1/40 probability at the time, and at the same time he was a boy, which was already a 1/80 probability (he was very early Realized that even in the US, women had very few rights at the time, low status, and not the respect they deserved)
His life is really lucky, and his achievements are worthy of this luck. So in the end, when asked if he was afraid of death, he was very calm, saying that his life was like a movie and he was very satisfied.
Finally, great wisdom
Buffett said that he wanted to be a teacher. A very important scene in the film is Buffett sitting in the classroom, telling dozens of students the story of his life and answering their questions.
His brilliant opening:
You can choose a car, any color, any brand, any model, you can get the car as you choose, but there is a precondition that you can only use this car in your life, then you will cherish it very much , very good care of it, right.
Of course, we won't have only one car in our life, but we will only have one body and one mind in our life, and now both the body and the mind feel good, but they will accompany you all your life.
Not every lucky person can achieve a career, but every successful person, when pursuing the reasons for success, should not blindly emphasize their own efforts, but ignore the easily overlooked lucky element.
above.
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