The reasons for Warren Buffett's success seen in this film: Talent: Interested in numbers since childhood, strong memory, good learning and skipping grades when he was in middle school. How to make money: compound interest.
The power of compound interest (from the pocket bookkeeping APP): save 800 per month and 10,000 a year, assuming an annual interest rate of 15%, then after 3 years, principal + interest = 39933.75 yuan, 7 years later, 127264.75 yuan, 20 years The latter is 1,178,062 yuan.
Two rules of Warren investing:
1. "Never lose money"
2. "Never forget rule 1."
But this is not an iron rule today. Many companies in China lost money when they first started. The most typical one should be JD. American companies like eBay are not willing to lose money in the early stage, so they cannot survive in China. The national conditions are different. In the early days of e-commerce, when the trust of Chinese people has not yet been built, if they want to compete for users, they must spare no effort to open this market, so JD.com can be so successful, and many Chinese e-commerce companies are so successful, and they have their own way of survival.
"Omaha and Nebraska are home to me, and everything about here feels like home. It's a rhythm, a relationship, there's a lot of continuity, and there's a lot of community. You grow up and A place to invest is a reliable and friendly place.”
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