Finishing an article about an interview with Buffett's grandfather, I would like each of you to read to become wise and good
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- A. For the people you most admire / Company
- II. Study habits you know the most successful people
- III. The most important thing is to invest in your own
- IV. To become lifelong learners
- V. treat your body like the only car to have the same
- VI. If your life is only 20 times the investment opportunities
- VII. There is a "heart scoreboard"
Learn to invest in yourself while you are young, but also try to find a career you love for life, even if you don't have the money.What I'm doing now is what I love, so I keep fighting for it and I'm happy every day.
Warren E. Buffett
A. For the people you most admire / Company
Work for the person/company you most admire.
Buffett said he often asked a question - where should I graduated after work?
"My answer is very simple, to the person or organization you admire to do things. On the contrary, if only because the other eye on your resume, or commitment to higher salaries, such a career choice in my opinion is simply crazy.
Not long ago I returned to Harvard Business School to attend the meeting, a very good young man to the airport to meet me, he said, 'I graduated from Harvard undergraduate, then X, Y, Z companies have worked there, and now I'm back here, I think to add some well-known management consulting firm experience on my resume perfect the. '
I said: "That is what you want it?"
He replied: "No, but that would be the perfect resume."
I said: "Since when do you anticipate you really want to do?"
He said: "There is always a day for it."
I said: "You know, your plan sounded to me like that in your retirement savings of energy, did not mean much."
So that, I told the Harvard students: "Go work for you admire most folks, whoever TA is that the results are not too bad because you will be happy to get up every morning, go to work after a few weeks. Dean called me: "What did you say to the students? They are now all become a freelancer. "
Why do you admire most in the people around it? Buffett in his military service after graduating from a good college experience illustrates this truth.
"National Guard is a very democratic organization. The basic does not matter what you do on the outside, but in order to integrate into the community, you have to do is watch cartoons with them the same. I go over there almost more than an hour later, they begin to see comics and everyone watching, why do I not? but slowly, my vocabulary would reduce to one word (four-letter word). so I understand, you want more than to stay with people better than you together, because then you will a little bit of progress. On the contrary, it is likely that you fall into the abyss. "
II. Study habits you know the most successful people
Learn the habits of the most successful people you know.
Buffett asked in the MBA class had a problem: anyone can choose if you classmates, the rest of his life to give 10% of his income, who would you choose?
"In your time to make decisions, who flashed your mind? You do not choose that the father of the richest students probably would not choose the class that best results.
To obtain the best results without any problems, but that does not mean that you can become a big winner in the rest of your life. You have considerable ability, otherwise it would not be sitting here. You are also very motivated, intelligent mind. However, some of you people just become bigger winner.
What's the Difference? Is your own qualities. I do not mean your height and speed, the talent on the pitch, sprint, or if you are that ...... I'm talking about integrity, honesty, generosity best-looking class, and whether you are willing to complete work outside the duties - - all these qualities you can select.
Another question: If you could choose to sell one of your classmates - but you have to pay 10% of the cost for what he did. Who would you choose?
Similarly, he will not be the lowest score of the class, but in terms of quality very bad people. We recruit employees generally do three things: 1 is clever; 2 if there is internal driving force / initiative; 3 whether upright. If a candidate does not have the last point, then the first two but will harm him. Because, if a person is not honest, you would want him lazy, stupid, do not burst out of the spark energy. So this is the importance of third quality, with every quality that ultimately your choice. "
Every quality is ultimately a choice you make.
III. The most important thing is to invest in your own
The most important thing is to invest in yourself
Speaking of how Buffett Munger success story, then I did not know:
"Munger was a young lawyer when, earn $ 20 an hour. But he thought Road, who is my most valuable clients?
After much deliberation, he felt should be his own. So he decided to give yourself a separate one hour every morning research projects and real estate transactions. Everyone should do it, either working for someone else, but also sell their own an hour . "
FarnamStreet of Shane Parrish pointed to the long-term interests at the expense of the importance of being comfortable:
People need to seriously consider the opportunities contained in this hour. In an hour's time, you could brush Twitter, reading online news, or reply to a message, to pretend that these are complete your desired goal; however, you can also use the time to upgrade themselves. In the short term, you'd better restrain myself not to brush all kinds of news and Twitter; in the long run, learning new things, this enhance their investment will let you go further.
This investment in learning something new and improving yourself will take you further in the long run.
As Munger said: "I always think how to put something better, even if it would reduce my income in a certain time period on the other hand, I also always set aside some time for recreation. and self-improvement. "
As munger puts it: "I'm always thinking about how to do something better, even if it takes away from my income at some point. On the other hand, I always set aside some time for entertainment and self-improvement.
IV. To become lifelong learners
Become a lifelong learner
Buffett and Munger are "knowledge sponge," they do everything possible to absorb a lot of information and wisdom. Buffett read 500 books a day, and in the early development of his career, he read per day is 1000.
Charlie Munger has two great suggestions:
"By devoured become a life-long learners develop their own curiosity, have become wiser to fight every day."
Become a lifelong learner by reading voraciously, cultivate your curiosity, and strive to be smarter every day.
"Every day before going to sleep, when to get up in the morning than you wiser."
Buffett said:
"I read every day, reading, reading ...... I really enjoy reading it."
"I just sit in the office all day reading."
V. treat your body like the only car to have the same
Treat your body like the only car you own
Buffett said: "When I was sixteen years old, I have only two things in mind - girls and cars.
If then there is a spirit in front of me, he said to me:. "I will give the car you want, it will show up here tomorrow morning, a brand new car," I should be asking: "What ? conditions do "spirit will say:" only a condition which is the only life you have a car you want to open a lifetime. ".
Guess how I would do? I will certainly read the manual repeatedly five times, then put it there in the garage. With a little scratch, I would immediately to fix it, because I do not want it to rust broken. I will treasure it as, like, after all, this is the whole life thing.
This car is the equivalent of your body and mind. Every human being has a body, a head, have to use a lifetime. These two things are not difficult to use for many years, but once you do not take good care of them, perhaps 40 years later they will strike, just like the car the same.
I was talking about, what you are doing now will determine your body and mind in use for 10 years, 20 years, will become what it was like 30 years later. "
What you do now determines what your body and mind will look like in 10, 20, 30 years.
VI. If your life is only 20 times the investment opportunities
Suppose you only have 20 investment opportunities in your lifetime.
Buffett has an analogy:
When "life must seize the golden opportunity. Munger and what I'm doing is not much, but when we have the opportunity to do the right and important thing, we would not miss this opportunity, because in fact , you are likely to encounter 500 great opportunities.
Imagine that you wish to have his life and only 20 investment opportunities. As a result, every time your investment decisions will be after careful consideration. For example, you go to a cocktail party, dinner hear people talking about a company, they do not know what this company is doing business, and even the company name can not tell, but last week they made money from the same types of companies who . Then, if you clearly understand that he is only 20 chances, a high probability that you will not buy the company's stock.
People will be tempted to try to do something - especially when the stock market is excellent when the temptation is even more intense. Not to mention now stock trading has become very easy, you just need to click online, maybe the next moment the stock price will go up, you feel very excited, the next day to continue to do so. But when you repeat this operation, you can imagine, you can not make money.
Back to the 20's hypothesis, which limits the discretion and you can only pick the best, the most important opportunity. It is also possible that you have used up 20 chances in their lifetimes, but that does not matter. "
VII. There is a "heart scoreboard"
Having an "inner scoreboard"
Buffett last piece of advice is: we should no longer care how other people are thinking, the key is your own intrinsic motivation, or is a "heart of the scoreboard."
" The key is that you people doing things is a measure of the heart, or rely on external standards.
Another way. Do you want to be the best lover in the world, even if other people think you are the world's worst lover; or, you like to be the worst lovers in the world, even if other people think you are the best lover? This is a very interesting question.
If all you focus in on how others perceive you, not your own true way, then you will be plagued by external standards. "
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Buffett Grandpa said he found the love of his life's work and fought for so was happy and fulfilling, we would like every young are still young to find what you love, and fought for honing our own personality, become better of us .
The best investment you can make while you're young is in yourself
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Thanks for reading
