notes

Braulio 2022-04-24 07:01:25

1. Like numbers

2. Love to read

3. Thoughts determine destiny, I longed for money when I was very young, and tried to make money

4. Use newspapers with multiple stock market disasters to warn yourself, panic should be careful at all times

5. He read a lot of books in his father's office when he was very young

6. His mother is good at communication, good at mathematics, and has strong mental arithmetic ability

7. Became a shareholder of at&t at the age of 13 and shorted

8. Father leads by example and gives him a lot of encouragement

9. When I was in college, I always had the best grades. I hope to get out of school and enter the society as soon as possible, so I study hard.

10. Mentor, Ben Graham

11. Graham taught never to lose money

12. When you graduate from college, your business skills are already very good

13. Met his wife Susie (Northwestern University), who is empathetic, and Buffett speaks differently from ordinary people

14. Be afraid of speeches, go to Carnegie training, do some crazy things, let yourself go, practice training for n weeks, there will be rewards every week

15. Proposal, Susie 19, Buffett 21

16. I rented a house first, and then I bought a house after making money.

17. The wife takes care of the children full-time, and the wife agrees with him

18. Circle of competence, choose the time to swing the ball, even if someone next to you is urging you, don't move.

19. In the early stage, I mainly bought at a cheap price (seeking for wealth and insurance), and picked undervalued stocks

20. Accept Charlie Munger's fair price to buy proper company later

21. For a moat, what you buy is not stocks, but products, but also brands, business models, and values.

22, focus, work hard don't like to do boring things

23. Likes to sit down and think, usually stay upstairs at home to read

24. The most important thing to make money is timing, you don't have to be smart, but you have to be patient

25. A person's good reputation really helps in life

26. Compounding is important

27, over the years. I've learned a better understanding of human nature.

I can learn o lot about investments out of a book.

But I don't think you can learn as much about human beings

You really need some experiences

28. Don’t waste your energy, time and love on something useless

29. Life is like a movie. It's very short. Find a job you like, even if you don't have a salary, you are willing to do it.

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Extended Reading
  • Laverna 2022-03-16 09:01:09

    1. If you only listen to the audio, you can't imagine that the speed of speech comes from an 86-year-old man. 2. For decades, 5 hours of reading time per day is enough to leave people all over the world far behind. 3. A pair of great parents and a great wife make this great child and husband. 4. Treat the wealth with a normal mind.

  • Brooke 2022-03-17 09:01:10

    Warren is really a rational and dedicated person, surprising his ordinary and extraordinary, the idol of life, people should clearly recognize their own strengths and love. ——In the rest of my life, I also hope to get up early every morning, tap dance, go to work, spend my life with the people I love, and sing "over the rainbow" to my children every night to lull them to sleep.

Becoming Warren Buffett quotes

  • Susan Buffett: I was talking to him one day about some racial issue, and he said to me, "wait till women discover they're the slaves of the world." Now how many men were cognizant of that, and even women then?

  • Warren Buffett: The worst mistakes involve not understanding other people as well as you might.