10 Rules for Success by Warren Buffets

Warren Buffet started investing at seven and still reads more than ten newspapers and reports for hours. He is a dream chaser and the most successful investor in history. His company Berkshire Hathaway has shares of the most significant companies in the world and they earn with it hugely.

Find your passion

Being passionate is an innate quality, and everybody has remained passionate about something since childhood

• Passion is the way that you follow to achieve your short term and long term goals
• Rakesh Jhunjhunwala, the big bull of the Indian stock market, started with just 5000 rupees
• People call him crazy, but they can not even hear who is talking when they reach the top

Always be competing

Competitors never die

• Stay active, one must remain active so that when we think I am done now, I don’t need to worry
• Warren Buffet did not invest in technology shares because he thought there was no value
• Now he owns a large percentage of the biggest tech companies

Hire well

Integrity, intelligence and energy are three main qualities to be found when hiring new people.

• If there is no integrity the latter two will kill him (the former two will lead you to greatness).
• Without integrity in life, the latter three remain useless.

Have a competitive advantage

Competitive advantage is whatever you do in life; you must have a plus point from others doing the same thing

• A competitive advantage can be from the spare time you give to your thought, business, and meetings
• In the form of the product’s price, quality, and customer satisfaction

Don’t care what others think

Passion always makes you do things differently, which sometimes makes your life difficult.

• Setting a lazy life routine makes you homesick. It never gives you a way to achieve goals set on the first day of the year, birthday, passing graduation or any time.

Schedule for your personality

Life without proper timelines and schedules can never be satisfactory

• Those who plan are different and make a difference
• Anything can be scheduled, and when things are adequately planned, you become habitual people and the people surrounding you become the same too

Give unconditional love

Warren buffet says love from your family, society and parents always counts, and it boosts your morale by working harder and harder for them

Read read read

Reading is an immersive process that benefits an individual in multiple ways

• It can help the whole personality development of the person and make you a person who has a diverse opinion on diverse topics
• People read a book weekly on average and don’t stop for years
• The benefit of reading a book, report, or article
• You gain new information, which enhances your viewpoint on the particular topic you read

Have a margin of safety

When you start investing and see a great opportunity and just start buying, and then suddenly the market crashes, and you start selling.

• The best way to avoid a market crash and possibly even a suicide is to think that I don’t want this particular thing to happen.

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