For those who don't know who Warren Buffett is, he is the world's most successful investor, second richest man in the world after Bill Gates.
The best part is, his personality is completely opposite to what should have been of the man who is so rich, he is very simple, lives in a small house in Omaha, the same house which he bought in 1955 for only $30,000. And yes he is only 81 yrs old. Still no plans for retirement.
I would like to share with you one of his beliefs. Yes this belief, I admit, I dont follow, I should follow. Ok ok, I am not a big Wise old woman, just another girl like you who is also on her path to learn things about life.
So his belief is as follows:
"If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?"
Those who answer the latter have an inner scorecard. They'll have the ability to be a true contrarian, ignoring the world's judgment and focusing on long-term results.
Very simple sounding, but difficult to follow as we are constantly in the need of others approval, others respect. Its a subtle form of ego. We want to feed the self esteem based on others opinion, rather than developing it ourselves. How could we be great if we have such thinking. If i want to be Warren Buffett, since he is my ideal, I will have to let go of this ego. He works for the love of his work, and not to earn money. And the fact that he donated 31 billion dollars to Bill and Melinda Gates charity is the proof of it. Do we work for money, other people's approval and respect or for the love of it?
The best part is, his personality is completely opposite to what should have been of the man who is so rich, he is very simple, lives in a small house in Omaha, the same house which he bought in 1955 for only $30,000. And yes he is only 81 yrs old. Still no plans for retirement.
I would like to share with you one of his beliefs. Yes this belief, I admit, I dont follow, I should follow. Ok ok, I am not a big Wise old woman, just another girl like you who is also on her path to learn things about life.
So his belief is as follows:
"If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?"
Those who answer the latter have an inner scorecard. They'll have the ability to be a true contrarian, ignoring the world's judgment and focusing on long-term results.
Very simple sounding, but difficult to follow as we are constantly in the need of others approval, others respect. Its a subtle form of ego. We want to feed the self esteem based on others opinion, rather than developing it ourselves. How could we be great if we have such thinking. If i want to be Warren Buffett, since he is my ideal, I will have to let go of this ego. He works for the love of his work, and not to earn money. And the fact that he donated 31 billion dollars to Bill and Melinda Gates charity is the proof of it. Do we work for money, other people's approval and respect or for the love of it?
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