Why Everyone Should Study Warren Buffett

Everyone wants to get rick quick. Unfortunately, while there isn’t really a shortcut to fame and fortune, there are some tips and tricks that you can follow to at least enhance your chances. You can read Buffett’s 10 Ways To Get Rich for some tips, but you can’t go wrong with reading just about anyhing about the Oracle of Omaha. Reading his papers and articles is something that every investor, no matter how knowledgeable, can benefit from.

Here’s why: 

1. He lives and breathes important business concepts

Whether you’re talking about investing, running a business, or evaluating people, Warren Buffett is constantly spouting information that comes from some of best business concepts available today. Listening to him is kind of like reading cliff notes of some of the most influential investing and business books available today. While it’s not a good substitute for doing your own reading and research, he’s a great launching point and sometimes explains things better than the books themselves.

2. You will see difference between manager and leader

Despite the fact that his company, Berkshire Hathaway, owns more than 60 subsidiary companies, Buffett himself is not so much a manager as a leader. Reading through his shareholder letters will reveal some of the differences between a manager and leader, and may help readers better their own leadership abilities.

3. His simplicity and frugality are legendary and practical

In today’s constant mad dash to buy more, move faster, and outdo everyone else, it can be hard to keep track of what’s going on. Warren Buffett, despite his multi-billion dollar net worth, is surprisingly frugal and grounded. Whether you’re already well off or looking to get there, a dose of frugality, simplicity, and old-fashioned life is bound to help anyone focus and succeed.

4. Buffett is an excellent role model

Your heroes and role models will have a huge impact on who you become. Warren Buffett, with his impeccable standards and his high amount of integrity, is a great hero to have.

“Tell me who your heroes are and I’ll tell you how you’ll turn out to be,” Buffett said. Here’s to hoping that will become true!

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