Warren Buffett the Entrepreneur

Warren Buffett is the Man

Before seeing this documentary, we totally had a different image of the billionaire Warren Buffett.  Contrary to our perception of billionaires, Warren Buffett is simple, funny, and very approachable.  His lifestyle and view in life is worth emulating.  When asked why he doesn't consider getting a bigger house with all his wealth, he simply said "I'm warm in the Winter.  I'm cool in the Summer and it's convenient for me.  I can't imagine having a better house." He lives a simple life, he eats steaks, and he loves junk food!  Watch this six part documentary from BBC about The Wizard of Omaha.  It is inspiring and very educational.

In summary, Warren Buffett's Investing tips:
1. Invest don't speculate.
2. Stick with what you know.  There's no need to diversify.
3. Be a business owner.  Buy companies.
4. Allocate capital efficiently.  Take profits of one business and invest it in another.
5. Don't get into debt.
6. Think independently.
7. Be ready to break your own rules.
8. Give it away.

In choosing which investments to invest in Charlie Munger shared these simple guidelines:

1.  Invest in instruments that you are capable of understanding.
2.  Choose a business with an intrinsic characteristic that gives it a durable advantage.
3.  Choose a business with a management with integrity and talent.
4.  Buy the business at a price that makes sense.

A  few things we'd like to highlight in this documentary are the practices of living simply, thinking independently, and being able to break your own rules when necessary.  We must be readily be able to adapt to different situations so as to be able to grab the opportunities.

Even at a young age Mr. Buffett is already very entrepreneurial.  It seems like being an entrepreneur is definitely a crucial ingredient to achieving wealth and success in life.

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  1. Jokihaara Says:

    You're right Warren Buffett is the man.Very popular and very professional in business.

  2. Josh Wilkins Says: This comment has been removed by a blog administrator.
  3. John Meyer Says:

    Owning a House, Property or a small business offers numerous rewards, both personal and financial. But getting the money to have your own property, business or to start a new one can be challenging.

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  4. grow your business fast Says:

    Hi, just wanted to let you know that I appreciate your post. I hope there will be more good posts here!

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