Warren Buffett - How to Be a Success
Loading...
Uploaded by WarrenBuffettBlog on May 12, 2011
For the latest Warren Buffett, go to http://WarrenBuffettNews.com -
There will be a short speech in this MBA talk, and then there will be a question and answer session. It is important to think about your future. Everyone graduating has the ability to make a lot of money and to succeed. However in order to succeed, more is needed than intellect and energy. You also need integrity. Without integrity, intellect and energy doesn't matter too much.
Think for a moment that you had the right to buy 10% of one of your classmates for the rest of their lifetime. Are you going to give them an IQ test or pick the one with the best grades? Probably not. If you thought about this for an hour, you would probably invest in the persopn who has the type of leadership qualities, the type of person who has the ability to get other people to do what they want. By the same token, if you had to go short on one of your classmates, then you would also look for qualities like dishonesty and cutting corners.
As you reflect on those qualities, you will notice that they are all qualities that are achievable. They are not forbidden to other people. There aren't any negative qualities that you have to have. They are all simply habitual. Habits are too light to be felt until they are too heavy to cast off. When you are young, you can choose to have any habits that you want. Look around at the people that you admire and try to develop patterns of behavior like them. Benjamin Franklin did this and Benjamin Graham did it as well.
Warren Buffett is not a macro guy. But you can borrow money in Japan at 1%. You would think that you could make money if you can borrow money at 1%. However, he is having trouble finding anything. It is hard to make a lot as an investor if the business you are interested in doesn't make a large return on equity. However, you could take the cigar butt approach to investing. If you are looking for a free puff, then you can purchase a lousy business at a discount. Time is the friend of the wonderful business and the enemy of the lousy business. Japan had an incredible market without a lot of incredible businesses.
- 9 likes, 0 dislikes
-
- 10:01
Warren Buffett - You've Only Got to Get Rich Onceby WarrenBuffettBlog1,166 views
- 8:30
Warren Buffett - How to Turn $40 into $5 Millionby WarrenBuffettBlog228,184 views
- 9:10
Warren Buffett - How to Become the Person You Wantby WarrenBuffettBlog17,124 views
- 4:57
Warren Buffett - The Stock Market Casinoby WarrenBuffettBlog8,793 views
- 8:49
Warren Buffett - Coke vs McDonald'sby WarrenBuffettBlog4,933 views
- 2:02
The best advice Warren Buffett ever receivedby yahoo137,979 views
- 3:47
Warren Buffett - Absurd CEO Salariesby WarrenBuffettBlog8,521 views
- 1:58
Taxi Driver, is the richer than Warren Buffett!by rayks2716,502 views
- 5:46
Warren Buffett - The Book that Changed My Lifeby WarrenBuffettBlog107,767 views
- 14:01
Biography Channel - Warren Buffett (2/4)by NosferatuQQ9,640 views
- 2:57
Warren Buffett - How Should a CEO Be Compensated?by WarrenBuffettBlog2,431 views
- 5:33
Warren Buffett on Secret of His Successby valueinvestorsportal51,351 views
- 1:42
Warren Buffett - The Most Important Part of a Businessby WarrenBuffettBlog1,489 views
- 2:21
Warren Buffett - Advice for the Enterprising Investorby WarrenBuffettBlog3,395 views
- 1:07
Warren Buffett - How to Increase Your Income by 50%by WarrenBuffettBlog17,405 views
- 5:47
Warren Buffett - Why He is Investing in Indiaby WarrenBuffettBlog2,326 views
- 10:02
Warren Buffett - How He Became a Billionaireby WarrenBuffettBlog6,861 views
- 5:15
Warren Buffett - The Philosophy of Berkshire Hathawayby WarrenBuffettBlog2,869 views
- 10:05
Warren Buffett - Inside the Berkshire Officesby WarrenBuffettBlog11,414 views
- 10:02
Warren Buffett - The Mr. Market Conceptby WarrenBuffettBlog2,825 views
So much for the integrity stuff, Warren.
charadester 9 months ago