Warren Buffett: The Life and Business Lessons of Warren Buffett

by George Ilian

be patient and persistent when it comes to not only your stock portfolio but to personal investments as well.

“The best education you can get is investing in yourself. But this doesn’t always mean college or university.”

he has always emphasized and promoted the need for continuing education—whether

The need for a mentor in business—or in any endeavor, really—is vital.

“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

Success typically comes to people who project confidence and a positive outlook, so you should ask yourself, what kind of person do you attract?

Project a willingness to listen and learn from your peers and you will attract quality people who you can learn and benefit from.

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.“

“You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right – that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.”

“Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.”

What sets Buffett apart from others when faced with a personal or professional criss is his ability to logically asses various situations and not allow it to physically and emotionally shock him and disrupt his day-to-day existence.

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

“The most important thing to do if you find yourself in a hole is to stop digging.”

How we face adversity and turmoil is the best measurement of a person.