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Sunday, April 2, 2017

Nuggets of Wisdom by Warren Buffett

On Earning:
Never depend on single income. Make investment to create a second source.

On Spending:
If you buy things you do not need, soon you will have to sell things you need.

Price is what you pay. Value is what you get.

On Savings:
Do not save what is left after spending, but spent what is left after saving.

On Taking Risk:
Never test the depth of the river with both the feet.

On Investment:
Do not put all your eggs in one basket.

Rule No.1: Never lose money. 
Rule No.2: Never forget rule No.1.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

On Expectations:
Honesty is a very expensive gift. Do not expect it from cheap people.

On Perspective:
Past is a waste paper, present is a newspaper, and future is a question paper. Come out of your past, control the present, and secure the future.

Our eyes are placed in front because it it more important to look ahead than to look back.

When something bad happens, you have three choices. You can let it define you, let it destroy you, or you can let it strengthen you.


Click here to read a message from Warren Buffet, CEO of Berkshire Hathaway Inc.  


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