How to take your business online
Recommendations for starting an online business, steps towards successful results online, and measures for reaching a high level in the Internet space.
Read nowIt’s no coincidence that Warren Buffett has been nicknamed the Oracle of Omaha. For decades, he has been one of the leading forces in investments. His success would seem almost magical, if it didn’t have such a simple strategy. Save. Invest. Educate yourself. His humble determination and single-mindedness are two of the reasons for his success. For those of us who don’t have the capacity to read financial newspapers for hours of the day, we have gathered a list of Buffett’s advice for finance, investing, and life.
Warren Buffett began his life as a shy child in Omaha, Nebraska. Born in 1930, he was raised in an upper middle-class family with two older sisters. His father eventually ran for Congress and was a Member of the U.S. House of Representatives for around 8 years. Buffett graduated from the University of Nebraska and subsequently from Columbia University. After graduating from Columbia, he returned to Omaha, where he has remained ever since. Buffett was married to his wife, Susan, for almost 50 years, until her death. Together, they had three children. He got married a second time in 2006, to his wife, Astrid. Despite being one of the richest people on the earth, Warren Buffett’s life is remarkably normal. He has lived in the same city for most of his life, has a short commute to work at his job as the CEO of Berkshire Hathaway, and buys breakfast at McDonald’s on his way.
Berkshire Hathaway began in the 19th century as a textile company. In 1962, Warren Buffett started investing in it, buying more and more stock. A couple of years passed and Buffett saw that business was waning and decided to sell his shares, but after the owner reneged on the sell price that had only been agreed on orally, Buffett retaliated. He started buying up Berkshire Hathaway shares, obtaining enough to gain control and get rid of the owner. Eventually, the business became a holding company. Berkshire Hathaway is now worth well over four hundred billion dollars now has partial or full ownership of an extensive list of assets, including construction, insurance, food, and clothing companies. Some of these are more obscure, others are household names, like Dairy Queen, Duracell, GEICO, or Fruit of the Loom. Warren Buffett is the CEO.
Warren Buffett says that he has two rules for investing, “rule number one, never lose money. Rule number two, never forget rule number one”. Sound too good to be true? We’ve made a more detailed list for you with tips and advice just in case this isn’t enough.
Warren Buffett gives advice about financial investments. Oddly enough, Mr. Buffett’s best advice has little to do with finance and a lot to do with how to live your life.
His isn’t number one on the Forbes 500, but this is partly due to the fact that he’s a generous philanthropist. Buffet pledged to give away 99% of his wealth within his lifetime or at his death. To date he has donated over $38.8 billion.
Here are some of his words of wisdom.
Warren Buffett has had a profound influence as an investor and as a philanthropist in the 20th and 21st century. When he began investing, Buffett made a point to educate himself and constantly be in the know. Currently, it is enough for him to make a move and everyone else follows. This is due to his stellar record and unparalleled knowledge. He is also unique in his desire to share all that he knows. Buffett openly gives advice and shares what he has accumulated with others. This indestructible desire to help and share has made him not only one of the most successful individuals in the modern world, but also one of the most liked.
He not only shares his knowledge but shares his financial resources as well. Buffett believes that he won the genetic lottery; being in the right place at the right time. He has made it his life’s work to even the playing field. Buffett has donated billions to the Bill and Melinda Gates Foundation and the Susan Thompson Buffett Foundation. In his statement on The Giving Pledge, Buffett writes that he will give 99% of his wealth away, in hopes of improving the health and welfare of others. Warren Buffett has found the formula to being successful at anything in life.
Recommendations for starting an online business, steps towards successful results online, and measures for reaching a high level in the Internet space.
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