7 Business Lessons Learned from Watching Warren Buffet



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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  4. on 12 Nov 2007 at 4:00 am

    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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