Warren Buffett on Secret of His Success
- I start early. I start at 7. I had 15 years jump on many people. I know what I want to do early.
- You don't need a brain on this business, what you need is emotional stability.
- You have to think independent. When it come to comclusion, you don't need to care about what people say. Juet follow the fact, and follow you reason.
- It never bother ne if people disagree what I though. Jut go back and look at the fact.
- I stay with you circle of competence. amd stay on those spot.
Compare with Tennis. Just got the ball over the net, yoiu will do fine.
First rule, Don't loose.
Second rule, dont forget about the first rule.
Margin on safty: you don't drive a truck weight 9,900 lb across the bridge and say limit is 10,000 lb.
But it it say limit 20,000 lb,. that is the one you drive across.