Warren Buffett: 9 Daily Habits of Warren Buffett [Entrepreneur, Highly Effective, Motivation, Rich, Success]

by Isaac Fox

“Inspiration with material results”.

80% of results come from 20% of the effort. That’s the Pareto principle as we know.

“The man who does not read has no advantage over a man who cannot read” – Mark Twain

“Never in the history of the United has the time been so favorable for a man with small capital to start his own business as it is today, but,” It continued, “you cannot possible succeed until you start!”

“The way to begin making money is to begin...Hundreds and thousands of people in this country who would like to make a lot of money, but are not making it because they are waiting for something to happen.”

“you hit your short term or long term goal easily by ensuring you are NOT doing a wrong thing!”

after reading for a while and a pattern has emerged. The pattern is all of them were lazy initially, and then they started reading beginning with their favorite book. They picked up another book, read it, took a break and the cycle continued. They reported that they could prioritize daily things better now. This is because as the connections in the brain are re-wired, management of disparate events is improved. You would know and could decide what to do and when to begin simple tasks in daily life. This is what makes all the difference. Because we all have 24 hours in life including Warren Buffet. Given that everyone has 24 hours, why is that some evolve smarter at their work and demonstrate practical growth? This is because they know what to do it as their brain is effortlessly guiding them what NOT to do and what to FOCUS ON. Answer: Reading establishes and strengthens both the hemispheres of the brain and re-wires broken connections. As the brain can co-ordinate better, it manages decision making

often quotes that Albert Einstein once said, “Compound interest is the 8th wonder of the world. He, who understands it, earns it ... he who doesn't ... pays it.”

Essence of this habit is to follow what you love, irrespective of what others say and then stand your ground. The world will keep on saying a few things and then the same people would criticize you for not being original. Just do what you love and experiment. Have an inner scorecard.

“The Intelligent Investor”. Ben Graham

Warren further says, doing a job that you don’t like is like saving up sex for your old age.

“Cash is to a business as oxygen is to a body: "Never thought about it when it is present, the only thing in mind when it is absent”

“To keep the body in good health is a duty… otherwise we shall not be able to keep our mind strong and clear”.