7 Business Lessons Learned from Watching Warren Buffet
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I found these great & short videos of Warren Buffet talking about different business and investing ideas. I really like it and I know you would too.
I wrote down my seven business lessons learned from watching these videos. You would probably learn something different.
Enjoy!
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1. Buy Simple Business – See’s Candies sells 55 millions worth of chocolate three weeks before Christmas each year. Wow..
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2. Diversification is a terrible mistake for the Pro - If you can identify 6 wonderful businesses, which is all the diversification you need.
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3. Identify your own circle of competence. Understand what you know and what you don’t know.
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4. Buy Businesses or Investments that will continue to give you money (Ongoing Residual Income – I love it!)
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5. Pick the Job You Love
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6. Identify one good idea every year and ride it to its full potential
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7. Disney = Happiness. What kind of brand identify mole are you growing?
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Great list. Being a dividend investor I particularly like #4.
Thanks for sharing!
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I agree with you Dividends4life, residual income definitely is the main target me.
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