The success of Warren buffet is not only due to his own sensitivity to numbers and unforgettable talent ➕ the quality of concentration ➕ the habit of reading books ➕ the essence of integrity and kindness, but also the lucky people in his life, good parents, good wife , a good teacher and a good partner, and his intrinsic integrity and kindness is the basis for many noble people to help.
He is a prodigy, God has given him the gift of remembering numbers, a perpetual motion-like brain that is always thinking, his love for reading, his concentration in doing anything, and his obsession with making money and compound interest since he was a child (compound interest: putting rice grains on a chessboard) story), let him use money as a scorecard, become a winner in the game of making money, and become the only one who built a company from scratch to reach the 100 billion level and ranks among the top five of the world's top 500. The stock price of his company BRK (Berkshine Hathaway) has also risen from a few hundred dollars in 1983 to more than 10,000 dollars per share.
He's also a lucky guy, not just 1 in 80 born during the Great Depression like he said in 1930, because the baby survives only 1 in 40 and he's a boy. It's more because he has good parents, a father who doesn't blame too much but teaches by example, and a smart, kind, competitive, always being competitive and mathematically gifted mother. The father is a stock trader and gave Warren The good enlightenment of numbers on money is also a successful father. He never rudely tells his children what to do, but uses himself as an example and an example to make Warren figure out for himself. A Republican congressman gave Warren a good family education since he was a child, encouraged him to make money by himself, and gave him three views of integrity, such as equality for everyone.
Met a good teacher , Ben Graham of Columbia University taught him 2 Rule of investment, rule No.1 never lose money. rule No.2 never forget rule No.1. And Dale Carnegie's speech class helped him overcome his shyness Character weakness and courageous to propose to a loved one and go on to meet Susie, the soulmate of a lifetime.
Sometime genius, by default, lonely and isolated. The good wife Susie makes him more complete. Susie taught him a lot of life principles. Susie's kindness and dedication to public welfare finally influenced Warren, who is a little lonely and obsessed with making money games. , and even turned his descendant of a Republican congressman into a Democrat, moved by Martin Luther King's affirmative speech, after which he would think that patriarchal preference would waste half of the ability of intelligence. After Susie's death in 2006, Warren donated $37 billion to the foundation.
He also met a lifelong good friend and partner , Charlie Munger, both wise, truthful (honest, not pursuing formalism), having ethics, let him go from a company that only pays attention to whether the stock price is undervalued regardless of whether the company itself Value (the cigarette butt company) has become more concerned with whether the company has long-term intrinsic value (looking for a wonderful company at fair price rather than a fair company at a wonderful price). Charile has no tact (not tactful), and in the investment of Salomon Brother, Charlie is also not optimistic, but he rolls with it, the precious thing is that two maverick geniuses can be so compatible and even have no quarrel, team up together Teams slaughtered the Quartet in the money-making game.
And so many noble people help after all because he is a good person, has a heart of gold. After Susie was diagnosed with cancer, he always visited and took care of him, and finally fulfilled her last wish after Susie left. Although he enjoys making money, it is not for his own enjoyment. Thinking that he eats McDonald's and Coke for a few dollars every day, making money is only the source of his sense of accomplishment and happiness, and he also decided to use the money in the form of public welfare. Give back to the society and make the money more useful. Like Susie said, there is no finer human being than who he is.
He is so rational, wise, and living a simple and transparent life. You can learn a lot from him:
For example 1) He used his life to build his own brand and protect him, it takes 20 years to build your reputation, then it takes 5 mins to lose it. It is also because of his reputation for integrity that Salomon Brother's false operation credit incident broke out. Turn the tide. Everyone invests in BRK based on their trust in him, and he also treats investors as family. 2) He's hard on his mistakes, making sure they don't make them again in the future. 3) Companding, Patient, "the biggest things in making money is time, you dont have to be particularly smart, you just have to be patient." 4) When investing, the biggest concern is whether the company has enough moat. 5) Circle of competence, only stay in your own circle of competence. 6) Focus, the biggest thing in common with bill gates.
In the last paragraph of the film, Warren said some of his views on life and death, open-minded, warm and beautiful, just like the song "Somewhere over the rainbow", the echoes lingering in the ears.
On work: "The world is a great movie to watch, but you dont want to sleepwalk through life, the important things to do is to look for the job. you would take if you wouldnt need a job, and life is wonderful then. you will jump out of bed in the morning, because you are really looking forward to the day, i have, for over 60 years, i have be able to tap dance to work, just cause i am doing what i love doing and i just feel very very lucky.” - Warren Buffett
About death: Are you afraid of death?
"I have had a tarrific life, i feel, you know, it's gonna happen, and i have no idea what happens after that, I am an agnostic, it maybe terribly interesting, it may not be interesting at all , we will find out. But physically, i am pretty well depreciated, I am getting down to salvage value. But it really does not make any difference at all, it does not interfere with my work, it does not interfere with my happiness, it does not interfere with my thinking, i dont feel any diminution in my enjoyment of life or enthusiasm for life at all. In fact, in a sense, the game that im in getting more interesting all the time, its a competitive game, a big game, and i enjoyed the game a lot.”
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