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

by Isaac Fox

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!”

He 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.”

“It is the mark of an educated mind to be able to entertain a thought without accepting 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 one thing is …the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to worth less over a period of time. But good businesses are going to become worth more over time. And you don’t want to pay too much for them so you have to have some discipline about what you pay. But the thing to do is find a good business and stick with it. We always keep enough cash around so I feel very comfortable and don’t worry about sleeping at night. But it’s not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially.”

“Don’t criticize, condemn or complain”

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