2021 Supplement
7. I like to be my own host (since I can earn pocket money selling Coca-Cola gum because I can plan my own route).
8. Cut and paste all of Wall Street's economic crisis news stories from the 1900s and paste them on the company hallway to remind yourself that anything can happen.
9. Shorting stocks was Buffett’s way of bullying his teachers in his youth…
10. The father taught him by example, not teaching him. His father supported him too much, and his father was "the greatest gift since birth". My mother is very gifted in mathematics.
11. Investment rules: never lose money; look for moat companies with low valuations. 12. After working for a while, he decided to move to Omaha, the small city where he was born, to develop a personal career. (I sketch my own paintings on an endless canvas) 13. FOCUS, "Focus is the most powerful part of my personality".
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1. Buffett was born with a sensitivity to numbers and a high IQ.
2. He has a deep understanding of the power of compound interest. Here is a little story.
There is an ancient legend in India: King Shekhan intends to reward the inventor of chess, Prime Minister Sissa Ban Dayir. The king asked him what he wanted, and he said to the king, "Your Majesty, please give me one grain of wheat on the first cell of this chessboard, two grains in the second cell, and two grains in the third cell. Give 4 squares, and each square will be doubled from the previous square. Please give all the 64 squares of wheat on the chessboard to your servants!" The king felt that this was too much of a request. When it was easy to be satisfied, he commanded these grains of wheat to be given to him. When people moved bags of wheat to start counting, the king discovered that even bringing all the grains of wheat from all over India or even the whole world would not satisfy the prime minister's request.
Buffett thinks this story is a good illustration of the power of compound interest.
3. Both Buffett and Bill Gates believe that focus is the most important part of personality.
4. You can only have one body and one brain in your life, and they will accompany you throughout your life. Therefore, learning to maintain them is the premise that we can accomplish other great things.
5. Buffett is actually an introvert, and he spends 5-6 hours reading every day.
6. Two paragraphs I like very much
Regarding career choices: I have constructed a business that fits me. it's kind of crazy to spend your life painting if you are painting a subject you don't want to look at. I have got to paint my own painting at business on an unlimited canvases in a way.
About love: Love is a ver strange thing, you can't get rid of it. If you try to give it out, you get more back. If you try to hang onto it, you lose it. Emotions after the death of the first wife, tears running)
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