Warren Buffett is one of the world's richest man with a fortune estimated at $ 62 billion. In 1962, he began buying stock in Berkshire Hathaway, worth $ 7.50 per share. Today, Warren Buffett, who has a 78-year-old is the president and CEO of Berkshire. Today, Warren Buffett has penetrated the top 10 secrets that successful today:
1. Continue to reinvest your profits:
For the first time when it saves you money in the stock market, you might be tempted to spend money. Do not spend money not saved it for investment on anything else. Small amount today can become a great asset tomorrow.
2. Willing to do what is different:
Mr. Warren Buffett has started saving money in 1956, while a lot of people happy in spending money, and they say that Mr. Warren Buffett was a failure, that each of the money spend Thus as them. Instead of such a group of people, those he drank savings for investment, and 14 years later, his savings into property worth more than $ 100 million.
3. Gather information in advance:
Warren Buffett never sat sucking thumb to make a decision when there are any given investment, because it's a waste of time.
He always gather information in advance so when given investment to make decisions faster, and gain time.
4. Define a solution before starting work:
The negotiations with the other partners have thoroughly before you start working with someone. Since it is not damaging any time to resolve the dispute when the problem occurred.
5. Little focus on spending:
In business, do not look down on costs because there is some kind of small people you spend a little less necessary, it is also the company's losses.
6. Define what you borrow:
Living with creditors will not make you. If necessary, you can borrow a few that you can pay back after you pay all your savings to invest.
7. Struggles
With persistence, you can overcome any competition anytime. Warren Buffett has struggled all patiently for years barely able to succeed.
8. Know when to quit: When Warren Buffett was a teenager, he had a bet on the race and lost a lot of money over and over again. Then Warren Buffett has said that the time to cancel all bets.
9. Risk Assessment:
Warren Buffett has said that the successful investor is someone who can assess the risk before fluently. If unable to assess the risks to your debut and loss one day is not important.
10. Know the meaning of success:
Despite the wealth, Warren Buffett does not measure success by dollars. You have money does not ensure that a successful life. Find what you love and try to do it has to be a real success.
