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

by Isaac Fox

Only 2 things matter to get any desired result. Willingness to do and action.

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

I am talking about his consistency in doing that over and over again.

Companies are valued based on their market capitalization – or the market value of their shares.

The unusual results are not due to one-time deal due to a gift, but these are due to the habits that men cultivate and stick to in their life. For this elite class, results are only a part of the process.

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

report reading at least 2 books a month.

“1939 World Almanac” which

book on Contract Bridge game, given

game involved figuring out a problem was equally important as solving it!

This demonstrated his choice towards self-development and systematic approach towards problems very ear...

“One thousand ways to make $1,000?”

“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.”

pennyweight scales. He

“Intelligent Investor”

“Mentor”, Benjamin Graham.

History is known to human race through documentation and not through telepathy! You just have to read it.

“The stimuli that are created while you are engaged in a reading process are almost similar to that of the real world

This is the reason it is said that that people who read become instantly wiser not because they know what to do, but more because they know – what not to do!

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

“In a six-month daily reading program from Carnegie Mellon, scientists discovered that the volume of white matter in the language area of the brain actually increased”

Oxford scientists proved that the process of reading trains the cognitive abilities of the brain.

This is because while reading blood enters the areas of brain that require concentration and cognition.

Everyone’s schedule is different.

planning to take a forward leap in some decided domain.

as a whole is not confined to any particular domain like Finance or Fiction. ...

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.

The Alchemist. Most

Just read 30 minutes a day for 7 days

“Compound interest is the 8th wonder of the world. He, who understands it, earns it ... he who doesn't ... pays it.”

Compounding is the process of re-investing your earnings in your principal to earn exponential return as the next growth is on a bigger principal, then following this processes of adding the earnings to the principal. In the passage of time, the principal grows exponentially and produces abnormal returns.

“Due to 3 things: Living in America for the great opportunities, having good genes so I lived a long time, and compound interest.”

that money today is worth more than money tomorrow as money itself loses in value due to inflation (increase in prices).

if you want to make sure that the money should at least beat inflation, you got to invest it somewhere.

they should invest in Index Funds, the funds that mimic the overall market or a set of representative stocks and not one particular stock.

Just keep on investing a fixed amount of sum into it each month and forget about it. The portfolio keeps building up.

Understand that compounding is nothing but using the benefit of using the previously done thing to further amplify it and produce greater benefit.

All the successful people have explained the benefit of being good to all people around you.

The trick is goodness that you pass on to others will

eventually come back to you in an unexpected way, sometimes in the form of of...

The ultimate trick is to understand and grasp the fact that whatever we decide in life, we have to be consistent in that and ignore any short term benefits from it.

He has an old fashion belief that we should only expect to make money over things that we really understand.

This ability to project the company’s sales or how long it can survive stems directly from our understanding of the economics of that business.

“Will the demand remaining for the business 20 years from now” – is nothing but what falls within your Circle of Competence!

You just have to take action over things that you are certain of.

said "I am no genius, but I am smart in spots, so I stand around those spots"

It is important to understand that the fact that you will succeed with your strength and fall by your weaknesses. Circle of competence in daily life implies to focus on things that you have an expertise or area where you already have grip of.

speed reading.

It’s all about understanding your core strengths, areas where even if you fall, you won’t regret that just because you know that you would eventually succeed.