Business Tips from a Billionaire
Warren Buffett is a true genius as he is able to simplify complex ideas into quotes that will stand the test of time. Warren Buffett spent his life dispensing advice to all who would listen, earning him the nickname of the Oracle of Omaha.
1. Temperament is Better than Intellect
Buffett want you to know that while intellect is an important quality of a good investor, temperament is most important.
“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.” said Buffett
2. Relationship is Better than Money
Buffett doesn’t want you to focus too much on how much money you have. Being rich is nice, but how you get there — and the people who help and support you along the way — is what matters the most.
“I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.” said Buffett
Buffett warns investors to look for future growth and not be tricked by unsustainable past performance when choosing investments.
“Of course the investor of today does not profit from yesterday’s growth.” said Buffett
4. Successful Investment Always takes Time, Discipline and Patience