With the worth over $70 billion, Warren Buffett is one of the most influential persons in the world.
Being the single most successful investor of 20th Century, Buffett is considered to be a role model for young businessmen. We get to learn a lot from him.
Buffett has been the chairman and the largest shareholder of Berkshire Hathaway since 1970. He is considered to be one of the most successful investors in the world, and as of February 2017 is the second wealthiest person in the world with a total net worth of $73.9 billion.
Today, we bring the top rules of success by Warren Buffett to ‘inspire’ you.
Don’t dwell on mistakes
Warren Buffett is of the opinion that a person should learn from his mistakes and move on. He should not dwell on the mistakes he has made. Everyone commits mistake, so do not worry about that. Not a single person achieved success without committing a mistake.
If you are an entrepreneur or a businessman and want to be called ‘successful’ then you have to follow the rule number two of Mr. Buffett. To run a business, you need a very good personnel to work under you. Hire well as these employees of you are only going to build the steps of your stairs to the success.
Paint what you want
Design a picture of you dreams. Buffett said that you should paint what you want. This will help you to be more clear and specific about your desire and what you are aiming for. Dream huge, draw big.
Surround yourself with great people
Buffett once revealed in an interview that one of the major reasons behind his success is the company he enjoys. Always surround yourself with great people who will guide you and give you a better advice when required. Surroundings do matter a lot.
Read, Read, Read!
Have a habit of reading. A person learns a lot from reading. Books are called Human’s best friend because of a reason. They teach many lessons and show the path of success. Buffett acknowledges the fact that reading regularly has helped him a lot in understanding the market.
Have a margin of safety
With this Buffett meant that you need to keep a margin of safety while making any move in your business. Do not ever risk it all. Although it is a very old proverb, “more the risk, more the profit” but business isn’t a gamble. You need to play safe.
There is a famous proverb – “Success comes to those who never give up”! There will be times when anything will not go according to you plan, There will be times when your idea or your hard work will be rejected! But that’s not the end of the world. Failure doesn’t mean that you are not good enough, But it means that you have to put some extra efforts to make things work!
Keep walking towards the goal you have set your eyes to and remember there is nothing such thing as a smooth mountain, there will be steeps and many obstacles in you way but If you want to get to the top of the mountain then you have to fight these! Eventually you’ll get to your destination If you doesn’t stop!!
We hope you follow these rules in your daily life and achieve the success you aspire for. Always follow these golden rules and work hard!
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