The sage of Omaha is worth more than $87 billion, making him third wealthiest human being on the globe. He is an all-time investor, and his expertise in buying shares is merely incredible. When it comes to money, Warren learned from his mentor Benjamin Graham two rules; first is that you should never lose money and second rule being that you should not forget the first rule. Mr. Buffett offers advice to young people and encourages them to embrace new ideas and progress towards being successful.
When it comes to how to grow your money, then the best man to make at home is the CEO and chairman of Berkshire Hathaway, Warren Buffet. Warren prefers investing in stocks and long-term strategies. And this has made him successful over the years.
Buffet insists that to grow your money while buying shares it should not be with the intention of selling it, but rather to have it stay for a while. Avoid using loans as this might lead you into a blunder. Investments bring worries when there is a drop in the value of shares leading to poor decisions. Learn to be humble and build good relationships with people and treat them well.
On the use of money, on should develop good financial habits has this helps when doing savings and making budgets. You should keep your investing style simple as making it complex will cost much. One time for quitting comes, learn to count your losses and call it a quit; some business is not worth saving. Avoid greediness; sell when the value is high.
Buffet says when you get lucky to be rich, as you represent that small fraction of humanity, don’t forget to share. Show your appreciation to those who are around you. You will be successful when those you hoped to have loved you, will do love you.