I would like to share with all my reader some of the most inspiring parts of Buffett's speech. He was much more friendly and approachable than everyone can ever imagine ( I think the picture on the left speaks louder than my word :-) )
1. Anything he lose sleep over: Nothing. He commented that the thing most people lose sleep over is leverage. He believes if you are smart enough, you don’t need leverage to get to where you want to be and if you are not, you’ll lose it if you leverage. Neither is good
2. Most important decision he has ever made: Who to marry. Want a marriage to last? Look for someone with low expectation ( haha…). No seriously, find someone who will make you better and bring out the best in you. This is same for finding a business partner or a job- Work only for people who you love and loves you back. Work for companies you truly admire
3. On the topic of relevant classes for investing in business, he commented that there are three things that one needs to know - How to think about the market ( Also Chapter 8 in the Intelligent Investor), How to value a business ( he advised to think of business like a farm) and Excellent communication - both verbal and written communications. Mr Buffet recounted his initial fear of public speaking and how he finally attended Dale Carnegie's course by paying cash instead of a check.
4. Key to happiness : Do things you have so much passion for that you will want to do it even if you are independently rich
5. Where and how he gets his value: Not from religious but from his parents. He doesn’t do things that will disappoint his parents or people he respects
6. It’s okay not be the person with the greatest potential but be the person who is going to get the greatest percentage of your potential
Today, I witnessed what truly makes a men great is not the size of his wallet, but the size of his heart.
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