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Timely Advises from Warren Buffet

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  • Timely Advises from Warren Buffet

    Here is timely advise from Warren Buffet...
    *********

    "We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations..
    Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

    Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older.

    This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

    Hard work: All hard work brings profit; but mere talk leads only to poverty.
    Laziness: A sleeping lobster is carried away by the water current.
    Earnings: Never depend on a single source of income.
    Spending: If you buy things you don't need, you'll soon sell things you need.
    Savings: Don't save what is left after spending; Spend what is left after saving.
    Accounting: It's no use carrying an umbrella, if your shoes are leaking.
    Auditing: Beware of little expenses; a small leak can sink a large ship.
    Risk-taking: Never test the depth of the river with both feet.
    Investment: Don't put all your eggs in one basket.

    I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health. Let us become wiser and lead a happy, healthy, prosperous and peaceful life."

    -- Warren Buffet

  • #2
    Re: Timely Advises from Warren Buffet

    Thank you for sharing.

    Earnings: Never depend on a single source of income. That is very good advise.

    Comment


    • #3
      Re: Timely Advises from Warren Buffet

      Thanks.
      There's a book titled "Trade Like Warren Buffet" which I find interesting too.

      Comment


      • #4
        Re: Timely Advises from Warren Buffet

        Warren Buffet is long term investor not become trader

        Comment


        • #5
          Re: Timely Advises from Warren Buffet

          once he bet against usd, just to prove he is right, the greenbag is overvalue, that year he make 1billion usd to his company in forex.

          Comment


          • #6
            Re: Timely Advises from Warren Buffet

            Buffet is just a tool just like all the other elitists

            Comment


            • #7
              Re: Timely Advises from Warren Buffet

              thank you, very good

              Comment


              • #8
                Re: Timely Advises from Warren Buffet

                Warren Buffet is one very well heeled businessman..

                Comment


                • #9
                  Re: Timely Advises from Warren Buffet

                  thank, i think it so good :o [-O<

                  Comment

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