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3 Killer Persuasion Techniques You Can Learn From Billionaire Warren Buffett
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Pre-suasion
Optimal persuasion is achieved through optimal pre-suasion: arranging for people to agree with a message before they know what's in it.
Pre-suasion is about establi...
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Build unity
When it comes to persuading people, the trust often matters more than the content of your ideas, and you get people to trust you by demonstrating that you're all on the same team.
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Admit mistakes
Although counterintuitive, admitting your errors upfront shows that you're human and can actually be a brilliant move.
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Make fun of yourself
Showing vulnerability can, paradoxically, strengthen your argument.
You can do this by admitting missteps, but you can also strive to come across as more human and believable by m...
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SIMILAR ARTICLES & IDEAS:
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Never Lose Money
- Rule No 1: Never lose money.
- Rule No 2: Never forget rule No. 1.
If you work from a loss, it's much harder to get back to where you started, not to mention ea...
High Value at a Low Price
- Price = what you pay.
- Value = what you get.
You lose money when the price you pay does not match the value you're getting. For example, when you're paying high interest on credit card debt or spending on stuff you hardly use.
You gain money when you look for opportunities to get more value at a lower price: For example, buying quality merchandise when it is marked down.
Form Healthy Money Habits
Most of your behavior is habitual. You can change your habits and the earlier you start, the better.
Saving is a habit. Learn the habits of saving properly early. Pay attention to your money habits. Strengthen those habits that help your finances, and break the habits that hurt your finances.
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Circle of Competence
Each of us, through experience or study, has built up useful knowledge on certain areas of the world. Some areas are understood by most of us, while some areas require a lot more specialty to evalu...
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Key Ideas
Analogy
An analogy is a comparison that asserts a parallel between two distinct things, based on the perception of a shared property.
Analogies appear in metaphors, similes, political...
An analogy is a tool
Analogies are arguments that operate unnoticed. Like icebergs, they conceal most of their mass and power beneath the surface.
Analogies are also used in innovation and decision making. For instance, the "bicycle for the mind” that Steve Jobs envisioned as a Macintosh computer.
The importance of a good analogy
Using analogies help us to communicate effectively. For example, Warren Buffett noted "You never know who’s swimming naked until the tide goes out,” meaning when times are bad, hidden weaknesses are exposed.
Lack of awareness of an analogy's influence can come at a cost. The ability to construct a good analogy can help you reach your outcomes.