some excerpts

Freda 2022-04-22 07:01:54

Quote excerpt If you have a good car, you will love it, but it will not be the only car in your life. However, you only have a body and mind, and you have to take good care of it. From Father Buffett: Believe in internal scoring , never worry about what other people think, if you know why you are doing what you are doing, that is enough. Evaluation of others: The evaluation of the past is cruel, in order to avoid repeating the same mistakes in the future. It's crazy if you spend your life sketching paintings you don't want to see. I sketch my paintings on an endless canvas. I still spend five to six hours a day reading books. Topic reading. focus - the word that Buffett and Bill Gates think helps them the most. Everyone can read the books I read , it's a fair game. Everybody can read what I read. It's a level playing field. The jugglers can play 25 bottles at the same time, how did they do it? They start with one bottle, then two, three, and then stick to it . Get up in the morning because you look forward to the day.

Two rules of investing Don't lose money; don't forget the rules. (PS: Bengram has a great influence on Buffett's investment philosophy.)

Others To be a sober person, it's okay to not fit in with the group, or be alone, just be independent. The added value of a company makes its products unrepeatable and therefore unique, like a castle with a moat and knights that cannot be easily conquered.

For individuals Perhaps, for individuals, if they don't want to become a screw, reading and thinking can help build their best moat and knight escort. The importance of reading and thinking is self-evident. It has been preached by many people and witnessed by many successful people. Well, even apart from the utilitarian purpose, reading and thinking are worth doing. You can realize your own insignificance and not be arrogant; you can communicate with saints, and you will not fall into emptiness and boredom. Economic compound interest is already objective, and knowledge compound interest is worth investing in.

Dongyu is gone, Sangyu is not too late. Don't dwell on the past, keep your time in your spare time, and come.

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Extended Reading

Becoming Warren Buffett quotes

  • Howard Buffett: When he wrote the letter to us, he put something in that letter that was incredibly important to me, which was exactly how our foundation behaves, which is, if you're gonna try to bat a thousand, you won't do very many things that are important. But if you're willing to basically strike out a few times, you can really change something big.

  • Warren Buffett: In my entire lifetime, everything that I've spent will be quite a bit less than one percent of everything I've made. The other 99% plus will go to others, because it has no utility to me.