• Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.
• You can learn a lot from dead people. Read of the deceased you admire and detest.
• Don’t bail away in a sinking boat if you can swim to one that is seaworthy.
• A great company keeps working after you are not; a mediocre company won’t do that.
• Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.
11
30 reads
CURATED FROM
IDEAS CURATED BY
Lessons from annual letter of 2022-by warren buffet
“
Similar ideasundefined
Not Asking for Help
There are a handful of reasons we don’t ask for help, but it’s usually because we’re too proud or scared, and that’s a huge waste of time, because it keeps you from moving forward.
If you feel stuck in your career or need to learn new skills and have no idea how to get started, talking to ...
FINANCIAL MISTAKES TO AVOID DURING PANDEMIC.
● F&O – Weapons of mass destruction - As Warren Buffet once observed, Futures and Options are financial weapons of mass destruction. These financial instruments played a pivotal role in the 2008 financial crisis. So, it is better for lay investors to stay away from these fina...
The Compound Effect
Is "the principle of reaping huge rewards from a series of small, smart choices, made consistently, over a long period of time.” Compounding requires enormous amounts of patience.
For example: Would you rather have (A) $3 million upfront or (B) one penn...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates