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

by Isaac Fox

It’s America’s bright future that has been giving exceptional stock market returns mimicking the growth in the economy He likes to stay away and operate as an independent thinker.

He likes to sit and think. He spends 80 % of his time reading and thinking. It means he spends 80 % of his daily time just thinking about businesses and investments.

What Warren does here, is strategizing most of his work and then smartly executing it.

It is not about doing something without a thought and then hoping for a great result. It is about first understanding the problem, figuring out all the possible ways to solve it and then using the most optimum of channels to resolve it.

Through this he advises us to have an independent logic from everything that the world is following. The idea is simple – stay away from noise and find your own voice!

In reality, internet and social media are the primary distractors available today. Don’t believe it? Why not try one day? Just one day without internet and cell phone and you would realize that how much focus do we all lose by spending hours on internet surfing YouTube, being on social media, thinking and doing stuff that is not at all important and not productive. It’s simply not required.

“The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.” - Warren Buffett

Having an inner scorecard means to be satisfied with your own opinion and not of everyone else.

“In teaching your kids, I think the lesson they’re learning at a very, very early age is what their parents put the emphasis on. If all the emphasis is one what the world’s going to think about you, forgetting about how you really behave, you will wind up with an Outer Scorecard. Now, my dad: He was a hundred present Inner Scorecard guy”