Warren Buffett quotes (part 3)

You only have to do a very few things right in your life so long as you don't do too many things wrong.

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Warren Buffett quotes (part 2)

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.

Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.

Warren Buffett quotes

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

The 2 Main Routes of becoming a Millionaire

The 2 Main Routes of becoming a Millionaire are Entrepreneurship and Investing. The former is more difficult than the latter. The first one is required to produce excessive cashflow that is needed for the second one, i.e. investing via Real Estate or Stock Market or both! Bill Gates and Mark Zuckerberg became rich via Entrepreneurship, while Warren Buffett and Donald Trump through Investing!

What it takes to be a successful Entrepreneur

You need to take a lot of action, and double your rate of failure. Do not fear failure! You must have big dreams and set goals. Work according to your goals. Be flexible with your plans. If your first plan does not work, come up with a second plan! Persevere until you reach your goals!

What it takes to be a successful Investor

It takes a lot of patience and perseverance to be a Millionaire Investor. You must spend at least 4 hours per day reading. Read business news, finance sections of newspapers, financial journals and annual reports of companies. You must also study financial statements, and you must know how to acquire businesses based on your knowledge of financial statements! To be continued...