——Feelings of watching "BECOMING WARREN BUFFETT"
Before watching this film, I had no specific impression of Buffett, only that he was a very old man. In addition, it is the "stock god", the stock god who bought Coca-Cola's stock for many years and still hasn't sold it because he likes to drink Coke. The stock price has multiplied many times. And this impression is also formed unconsciously through the network. Besides, no matter how popular he used to be, no matter how many books on the street had his face printed on, and how many titles advertised his name, I never paid any serious attention to it.
When I was browsing Zhihu, I saw a question. Someone mentioned Buffett’s documentary, saying that this film was well-made, and it may be the film that best shows what Buffett himself is like, because the starring role is himself. I suddenly wanted to know what was special about this old man, so I came to watch it.
This one-and-a-half-hour documentary briefly reviews the old man's life and reveals the secret of his success. Of course, these "secrets" obviously can no longer be called "secrets", because many people have already studied and summarized them.
Simply put, the secret to his success is:
1. Love to read.
He has been very fond of reading since he was a child, even if it is a boring tome for many people (such as yearbook books), he can still read it. There are some old photos of Buffett in the documentary, many of them reading with a newspaper. He obviously didn't pay attention to the man with the camera. Interviews with several of his children also reflected that his father rarely "together" with them. Many times, he read books in the study upstairs by himself.
The habit of reading for a long time, combined with a surprisingly keen eye for data, has given Buffett more of the under-the-radar information that helps him pick and buy stocks of companies that will grow in value over the long term. Now in his eighties, he still reads at least five hours a day, which is unimaginable. In my personal opinion, I read about 40 minutes to an hour a day, and the cumulative reading time in a week is similar to his reading time in a day.
2. Stay focused.
This point, in the film is through Buffett's own mouth said. In addition to him, Gates also agrees that "focus" is the word he finds most helpful to them.
3. Integrity.
He has a famous saying: "I can accept that the company loses money, but if the company's reputation is damaged, I cannot tolerate it." It was precisely because he valued reputation that he rescued the Salomon Company in crisis; it was precisely because of this that he developed Berkshire Hathaway, which was on the verge of bankruptcy, into a super business empire.
I agree with all three of the above.
But what I really want to say is mainly the following points:
1. His parents had a profound influence on his growth and success.
Buffett's father turned out to be a stock salesman. When he was 1 year old, his father suffered unemployment. During that difficult period, his father chose ideas and set up an investment company, which survived the Great Depression without failing. Later, his father ran for Congress. As you can see from these simple experiences, Buffett's father was also a remarkable figure.
He and his sister would go to the company run by their father on weekends, playing with calculators and reading books in the office. Buffett said the first time he read a book on investing was in his father's office. Soon, he read all the books in the office, and some books were read more than once. When they were children, he said things like "I'm going to be a millionaire by 30" to his sister.
Buffett admires his father very much, saying that he "has such a father is the greatest gift of my life", "even if I do wrong, he still has unlimited confidence in me", he is not very preachy, try to "lead by example" ".
I believe that Buffett's love of reading and investment is largely due to the influence of his father. Of course, his unusual sensitivity to numbers, I think, came from his mother. According to the documentary, his mother was a mathematician and was very good at mental arithmetic.
2. The right mentor and circle of friends are very important.
Buffett attended Columbia Business School, where he studied under Benjamin Graham. Under his teaching, he has made a qualitative leap in his insights into investing and stocks. He learned from Benjamin Graham the lifelong rule of investing: never lose money, the famous saying "The first rule of investing is not to lose money; the second rule is never to forget the first rule of thumb. one."
Later, he got to know Charlie Munger, who told him to "buy great companies at the right price, not the right company at the cheap price." This changed Buffett's investment thesis, allowing him to quickly Accumulate wealth.
Buffett has known Bill Gates for a long time, and he felt a little late to meet him. They have been good friends for decades, which may explain why Buffett chose to donate most of his wealth to a foundation created by the Bill Gates and his wife in his later years.
The first two people helped Buffett build his wealth empire, and the latter one helped him dissipate his wealth and realize the value of his life.
3. A successful man is inseparable from the woman behind him - Susie.
"I had two lives, the first was when I was born and the second was when I met Susie," Buffett said.
Buffett was 21 and Susie was 19 when they got married. After their marriage, they had 3 children, and Susie became a housewife, taking care of the children and his diet.
Buffett is a genius when it comes to making money, but he can't take care of himself when it comes to life. He doesn't even know where the switch for the bedroom light is. He can feel at ease and focus on his work and career, thanks to Susie's hard work. Those with families and children must understand the greatness of this woman.
Buffett said:
"I have 3 children, and they all have an ordinary mind, which comes from their mothers",
"They have more of their mother's qualities than I do".
Buffett's son said of his mother:
"She will help anyone, whether she knows or doesn't know, or who doesn't agree with her, she will help."
"She's very empathetic, she's interested in everyone, she never cares about money or business."
Susie is an assertive, ambitious, kind-hearted, and pragmatic person. She hopes that Buffett will set up a foundation and donate all the money as soon as possible to help more people. Attracted by "compound interest", Buffett disagreed at the time. Susie passed away later, which left him with regret.
Of course, Buffett donated most of the money later, as Susie wished. 75% is donated to the infrastructure association of Bill and Stamps, and the other part is donated to the management of the foundation run by Susie and his three children.
Because of Susie, Buffett can concentrate on his work, and their three children have achieved their own achievements. At the same time, influenced by Susie, Buffett changed his values and political inclinations. The woman behind this is the person who has the greatest influence on Buffett's successful life.
The secret of Buffett's success lies in his own talent, diligence and thoughtfulness, and the positive influence of the environment on him.
For many people with dreams, the current inherent reality conditions, such as their own conditions, material conditions and family education they have received, do not seem to be able to change in a short period of time. If you compare it, you will find that the gap between yourself and the excellent people is deeper than the ocean trench, so it is inevitable to be pessimistic.
This is really not necessary.
Everyone is different, listen to their inner thoughts and do what they want to do. Like Buffett, if you can go to work with a tap dance every day, it will be very happy and lucky. At the same time, there are gaps that do not prevent studying hard and improving your own level.
If you are still overwhelmed, then start reading. If you can read 5 hours a day, it can be regarded as a small step on the road to success.
WeChat public account: Xu Caoyuan (ID: xucaoyuan7)
The writing and memory of an unscrupulous mining engineer.
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