1. Everyone will have more than one car, but only one body and brain, and will follow you for a lifetime 2. Childhood - sensitive to numbers (like world yearbooks), curious, loves to read, and never forgets 3. Very Played money games as a child, sold Coke, chewing gum, newspapers, magazines, and liked freelance work 4. Compound interest - a story of the board and the grain 5. [Father] believed in the existence of an inner scorecard, Congressman;
[Mother] A socialist, ambitious, competitive, good at math, and quick to respond. I have headaches, throw things when I'm sick, lose my temper After running away from home, my father’s method was to let him feel his own disappointment and teach him instead of demanding 7. After being rejected by Harvard, he saw the author and professor he knew in the admissions catalog and wrote to them: “I thought Passed away, but I found out that now you are alive and teaching at Columbia, and I really want to come” 6. Benjamin Graham, professor and economist, unpretentious, humorous.
Two investment rules: 1. Don't lose money. 2. Never forget the first rule.
Value Investing: Scrutinize Financial Statements, Buy Stocks of Valuable Companies
7. Moody's Playbook: Look for undervalued stocks
8. She is ignorant of the world and sneered at her future wife. Susie replied and thought: Who is this bastard?
Susie's evaluation: His IQ is higher than you think, and his mind keeps spinning
Advice from Suzy's father: you have to understand him, you can't talk to him like most normal people, but he has a heart of gold
What Warren's sister said: They had a crush on each other, she would sit on his lap the whole time, and he stroked her hair, which softened him. Suzy is very kind and considerate, she is the balance force.
Warren's voice: I'm a very unbalanced person, but she's like holding a little water bottle, watering me, and changing me.
9. Dale Carnegie's Lessons
Used to be afraid of public speaking and would vomit
The classes let them do all kinds of crazy things to free themselves, such as standing on a table and doing all kinds of things
【Sign up for useful courses】
10. Married at the age of 21, his wife was 19 years old, and decided not to wear glasses because of nervousness on the wedding day
11. Settle in Omaha
12. Buffett left such images, toddlers, children, teenagers, youth, etc., family gatherings, classes, weddings, speeches, etc.
13. Investment Concepts
[Cigarette Butts]: Find and profit from cigarette butts that are still smoked
[Circle of Competence]: Observe the court until the ball in your circle appears
Look for good companies with reasonable prices, not good companies with high prices
[Company with a moat]: Brand reputation
14. Kingship lasts forever, but the gallows will shake the future
15. Buffett thought it was the wrong move to buy Berkshire at the time
He critically analyzes his past practices and wants to identify wrong ideas and avoid them in the future
16. Women were slaves of the world
For some wrong reason, half the people are bystanders
17. Buffett is good at condensing important ideas into a few words
never lie
He never argues with Charlie, he simply goes with the flow
have their own moral standards, so they can do well
(In the 1960s Wall Street fraud was rampant, and Warren knew what game it was, but he didn't want to play it, so he closed the partnership) 18. Berkshire was the best company he constructed for him
It's like sketching your own painting on an endless canvas
He works with a group of people who make his life easy and take good care of him
There are only 25 people in the office
19. Read five or six hours a day
like a computer with unlimited capacity
20. Bill Gates friendship
I thought he was a stock trader, but it wasn't like that at all.
The word that helped them the most: focus
Both like to work hard and dislike boring things like cooking, art, the physical universe, etc.
Warren can accurately assess the capabilities of people and businesses
21.【Focus】
The most powerful part of Buffett's personality
Interest is genuine interest, read relevant material, discuss, see people involved
He does not understand the physical universe, but he is the first in the commercial universe
He likes to think and spends a lot of time doing it, although it's useless most of the time, but thinking about business and investing makes him happy
Questions about people sometimes don't turn out well, but there are always good answers about money
22. Humorous people have a moat around them to decide who gets in
Buffett has difficulty connecting emotionally with others
Second Son's Comment: That's Not His Basic Operation
Evaluation of the eldest daughter: He is there, his body is there, but in fact he has been studying upstairs.
I kept telling my mother we needed to communicate by making our voices heard.
If you need him to do something for a long time, you must explain it to him in advance, and you need him to persevere.
When he's thinking about things, he won't listen to you. He's probably thinking before you come in and really wants to keep thinking.
A joke: Be a mother's shoutout: "Goodbye! Warren, I'll be back!", then close the door, and dad will think she's really here
The younger son's evaluation: He is different from us. He doesn't despise anyone, but sometimes he can't see what others are doing behind the scenes.
Warren Buffett: My biggest weakness is that I can't understand people like the average person
Wife's evaluation: He can't take care of himself, he can't find the light switch, it's my fault (wife wanted to vomit, he took a leaking pot for her)
Physical proximity doesn't mean he's with you
he is very awake
We are like two parallel lines, but when he opens we are connected
23. Disagreement
Wife wants to donate money, but Buffett doesn't think so, money is a scorer for him
Buffett thinks it's a level playing world because everyone reads the same books and everyone can read them
He has a desire to win and often sits in his office reading books that everyone can read
24. Kay Graham, publisher of The Washington Post
25. The Importance of Building Your Personal Reputation
There is a bottom line in doing things, and the means are moderate
It takes 20 years to build a reputation, it only takes 5 minutes to lose it
26. Salomon Brothers
Did they deceive Buffett? Whatever their purpose, Buffett didn't fall.
He stood up, chose to take responsibility, served as interim chairman, intervened in company affairs, did whatever was necessary, digged up all the information from the past, and made sure things went well in the future.
He sought government aid, held company meetings, and turned the tide
The finance minister doesn't believe he can salvage anything, but gives him a chance out of humanitarianism
27. The wonderful view of marriage
love and respect each other
But then another woman lived with him
Daughter Comments: It might be weird to people, I often think, who cares? If the client feels fine, who cares what others think? They like each other, my mom thinks it's right for her, she loves my father
Buffett's own evaluation: Ah and I have lived for a long time, she has done a lot for me, I think this is very good, but it may not work for others. Suzy and I love and adore each other, we can do everything in sync, but we are two different individuals
28. I can learn a lot about investing from books, but not about people, you do need some experience
29. In October 2003, Susie was diagnosed with stage four oral cancer
Surgery for someone else
Daughter has been with her for several months, Buffett visits her every weekend
In July 2004, Suzy suffered a stroke
Daughter's comment: "I'm proud of him, because when something happens, he knows what he should do, and he does it, although it's useless (laughs)." ... Obviously ironic, she should be hating his rationality
The daughter has always been very humorous and decent, until when it comes to her mother's death, she has a clear emotional loss
"He went to bed when we came... woke him up and told him the news was the worst time of my life."
Buffett: "Love is a weird thing, you can't control it. If you give it, you will get more love. If you hold on to it, you will lose it."
"Susie shaped me, I didn't become what I wanted to be, but without her, I wouldn't be who I am now (with the success I am now), she made me a whole person." (Suspected emotion Out of control, don't know what I'm talking about)
The younger son commented: "He was in the dark at that time, quiet and introverted. You know, he was a lonely person. He lived alone many times. I think he had to think about how to walk through this tunnel and get to the other end."
The daughter commented: "God, I don't know if he can get out of bed."
30. In June 2006, Buffett donated $600 billion to the Gates Foundation
"I originally thought she would outlive me and she would make the decision."
"It's stupid not to give something useful to someone who can use it. It doesn't work for me."
Susie: "Everyone who lives in the world doesn't want to waste energy, love, and time on useless things. I always thought I'd marry a priest, a doctor, or someone of value to humanity. , the truth is, being married to someone who's going to make a lot of money is the opposite of what I think, but I know what he's like, and he's, the best person in the world."
31. "The world is a great movie, but you can't sleepwalk and live, it's important to find a job that you want to do when you don't need it... You get out of bed every day because you look forward to it. one day……"
"Are you afraid of death? No.
I have a great life. Death will come, I don't know what happens after death, I'm agnostic, so I think, it may be very interesting, it may be boring, we'll see.
But physically, I have no value... but it doesn't stop me from working, it doesn't stop me from being happy, it doesn't stop me from thinking...
In a sense, the game I'm playing is getting more and more interesting, this competitive game, and I'm enjoying it. "
++++++++++++++++++++++++++++++
Warren Buffett, a typical high IQ personality, lacks empathy, but as long as his life is the same as ordinary people, as long as he has real happiness and sadness, no one can escape the control of emotions
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