billionaire investor Warren Buffett's best advice

Berkshire Hathaway CEO and self-made billionaire Warren Buffett turned 89 on Friday 30. August. He is also celebrating his 13th wedding anniversary with his wife, Astrid.

In honor of Oracle of Omaha & # 39; s big day, CNBC Make It rounded up seven of his best life tips.

Marrying the Right Person

Buffett made his fortune through smart investing, but if you ask him about the most important decision he ever made, it would have nothing to do with money. The biggest decision in your life, Buffett says, is who you choose to marry.

"You want to be around people who are the type you want to be. You want to move in that direction," he said during a 201[ads1]7 conversation with Bill Gates. "And the most important person by far in that regard is your spouse. I can't monitor how important that is."

There is advice he has given for many years. As he said at the 2009 Berkshire Hathaway Annual Meeting: "Marry the right person. I'm serious about it. It will make more difference in your life. It will change your ambitions, all kinds of things."

Warren Buffett and his wife Astrid Buffett arrive at a state dinner hosted by US President Barack Obama and First Lady Michelle Obam at the White House in Washington, DC, USA, Wednesday, March 14, 2012.

Andrew Harrer | Getty Images

Invest in yourself

"By far the best investment you can make is in yourself," Buffett told Yahoo Finance Editor Andy Serwer earlier this year.

First, "learn to communicate better both in writing and in person." Honing that skill can increase your value by at least 50%, he said in a Facebook video posted in 2018.

Next, take care your body and mind – especially when you are young. "If I gave you a car and it would be the only car you get for the rest of your life, you would take care of it that you can't believe. a garage and do all these things, "he said. "You get exactly one mind and one body in this world, and you can't begin to take care of it when you're 50. At that time, you will equip it if you haven't done anything." [19659013] By far the best investment you can make is in yourself.

Warren Buffett

Berkshire Hathaway CEO

Associate you with & # 39; high quality people & # 39;

Who you associate with matters, Buffett author Gillian Zoe Segal told in an interview for his 2015 book, "Getting There: A Book of Mentors." "One of the best things you can do in life is to surround yourself with people who are better than you," he said.

If you are around what he calls "high-class people", you will start behaving more like them. Conversely, "If you hang out with people who are worse off than you, you will soon start to be pulled in that direction. That's exactly how it seems to work."

Work for people you respect

"Try to work for who you admire most," Buffett told Segal. "It won't necessarily be the job you want 10 years later, but you will have the opportunity to fetch as much as you get with you."

While pay is an important factor when thinking about your career, "You don't want to take a job just for the money," Buffett said.

He once thanked a job with his mentor and hero, Benjamin Graham, without even asking about his salary. "I found that out at the end of the month when I got my paycheck," he said.

Benjamin Graham in 1955

Bettmann | Getty Images

Ignore the noise

Investing can get emotional, and it doesn't help to see how you are doing through the day by checking a stock code or turning on the news.

But no one can be sure which way financial markets will move. The best strategy, even when the market seems to be thinking, is to keep a level head and stay the course, says Buffett.

"I don't notice what economists say, frankly," he said in 2016. "If you look at the whole story of [economists] they don't make a lot of money buying and selling stocks, but people who buy and Selling stocks listens to them. I have a little trouble with that. "

Success is not measured by money.

Warren Buffet, Chairman and CEO of Berkshire Hathaway Inc

India Today Group | India Today Group | Getty Images

Source link

Back to top button

mahjong slot