Warren Buffett’s Top 10 Rules For Success (@WarrenBuffett)


He was the single most successful investor of the 20th century. Time Magazine named him one of the most influential people in the world. He’s worth over 70 billion dollars. He’s Warren Buffett, and here are his top 10 rules for success. How can other people… tap dance to work, what’s the secret of that? You find your passion, you find your passion. I was very, very lucky to find …. you know what? I was … Seven or eight years old and, you know and fortunately my children have found their passion. My, you know, one son loves farming like nothing else. One son loves music like everything else. And all three of them love philanthropy and what they get to do. You’re lucky in life when you find it, and uh– you can’t guarantee you’re gonna find it in your first job but I always tell the college students to come out I say, “Take the job that you would take if you would take if you were independently wealthy.” You know, that’s, you’re going to do well at it. If you think you’re going to be a lot happier if you’ve got 2x instead of x, you’re probably making a mistake. I mean … You oughta find something you like that’s– that works with that I am pagle abbas is good and also hassan is good and iam pagle Because then you will do things like borrow money when you shouldn’t … or maybe cut corners on things that your employer wants you to cut corners on. It just doesn’t make any sense. You won’t like it when you look back on it… The three things in hiring to people you look for are integrity, intelligence and energy and he said, “If the person didn’t have the first two, that the latter two would kill him” because if they don’t have integrity, you want ’em dumb and lazy. You don’t want ’em smart and energetic. It never bothered me, if people… disagreed with what I thought, as long as I felt I knew the facts. I mean there’s a whole bunch of things that I don’t know a thing about. I just stay away from those. So, I stay within what I call my circle of competence. Tom Watson said it best. He said, “I’m no genius but I’m smart in spots and I stay around those spots.” Well, I try and stay around those spots … and I just don’t have a problem if somebody says you know you are wrong on something. I just go back and look at the facts… and I think that really is much more important, frankly, than– than having a few more points of IQ or… or having an extra course or two in school or anything of the sort. You need emotional stability. I just read and read and read. I probably read five to six hours a day. I don’t read as fast now as when I was younger but I read five daily newspaper. I read a fair number of magazines. I read 10-Ks, I read annual reports and I read a lot of other things too. So I’ve always enjoyed reading, I love reading biographies. Famous lesson about a margin of safety … you don’t drive a truck that weighs 99-hundred pounds across a bridge that says limit 10-thousand pounds because you can’t be that sure about it If you see something like that, go a down further down the road and go by one that says, “limit 20,000 pounds” .. and that’s the one you drive across The nature of capitalism is that people want to come and take your castle. Perfectly understandable. I mean, if I’m selling television sets or something there’s going to be ten other people trying to sell a better television set. If I have a restaurant here in Omaha, people are gonna try and copy my menu and give more parking and take my chef, and so on … So, capitalism’s all about somebody coming and trying to take the castle. Now, what you need is you need a castle that has some durable … competitive advantage … Some castle that has a moat around it. And that moat, that’s one of the best moats, in many respects is to be a low-cost producer. But sometimes the moat is just having more talent. I mean, if you’re the heavyweight champion of the world and you keep knocking out people, you’ve got a competitive advantage as long as you can keep doing it. And it’s very profitable if you’re the one that happens to be able to do it. If you can turn out great motion pictures … Steven Spielberg … I mean, he’s a fellow to bet on and it has enormous economic value. You’d be surprised at– at my days I mean, they are very unstructured Uh … no meetings uh … none I mean … we don’t … I don’t like meetings and, uh … I read a lot I wish I were a faster reader. I’d get more done. But I do read a lot. And I– I, uh… I’m on the phone a moderate amount. Uh… Our businesses run themselves, basically, out there. My job is allocating capital and that’s what I’m thinking about. But I don’t like to have things all packed hour to hour to hour and Bill and I are both extraordinarily lucky … I mean, we really get to do what we like to do the way we wanna do it with the people that we choose to be around that are terrific. I mean, we’ve really got everything our way and we’re very fortunate. And … in his world, he has some… he has a different kind of pace than I have but we both love it the way we do it and my guess is that we’re each the most productive in that particular mode, too because it … it fits our personalities and aptitudes. What kills great businesses If you look at… I do believe in looking at history and I– I try to I like to study failure, actually … my partner says all I wanna know is where I’ll die so I’ll never go there. And we want to see what has caused businesses to go bad and the biggest thing that kills ’em is complacency. You want a restlessness a feeling that you know, that somebody’s always after you but you’re gonna stay ahead of them you always want to be on the move. And, uh… when you’ve got a great business you know, like Coca Cola, which is … there aren’t any like Coca Cola. But you really… the danger would always be that you rest on your morals but I see none of that in Coca Cola that is the key: to compete the same way when you’ve got 1.8 billion servings being sold daily as when you were selling ten a day that restlessness, that belief that tomorrow’s more exciting than today. You know, you just have to have it permeate the organizations. Who was Ben Graham …? He was your primary mentor, model … He was a wonderful man and he was my professor at Columbia I read his book when I was 19 at the University of Nebraska. And I’d started investing when I was eleven and I started reading about him when I was like seven. So, I had gone through all … I’d read every book in the Omaha Public Library that there was on…, by the time I was twelve, on investing and stock market. And I had a lot of fun, but I never really found out… I never got grounded in anything and it was entertaining but it wasn’t gonna be profitable. And then I read Graham’s book The Intelligent Investor when I was at University of Nebraska and that just opened the whole thing up to me. And I named my oldest son

100 thoughts on “Warren Buffett’s Top 10 Rules For Success (@WarrenBuffett)”

  1. If you enjoyed this video, check out Warren Buffett's Top 10 Rules for Success – Volume 2 – https://youtu.be/eIvKaEX_9mk

  2. I love your content really awesome…I'm an aspiring entrepreneur…I hope in 10 years you will make a video on me

  3. He's advise to read but to be more specific he reads 6 newspapers each day: the wall street journal, the financial Times, the new York Times, the USA today, the Omaha world Herald and the American banker.

  4. I am fully motivated from your videos πŸ‘ŒπŸ»πŸ’Ž
    I love your videos nice bro
    I will waiting for your next videos thank you Evan

  5. With due respect.I am Feeling encouraged.As a…Our lives are filled with meeting wonderful people!Really His life should be inspiration to all of us:
    Thank you and God bless,
    Manik

  6. All respect to Warren Buffett, the greatest investor the world has ever seen. And he lives in my home town, Omaha, NE, U.S.A.

  7. Warren is folksy, but believe me, what he does isn't easy, and he has a VERY hard edge to him when it comes to money and making financial decisions. He is very competitive.

  8. For me, the game changer was "Don't care what other's think." Do what you want to do in this life with no mind to what anyone thinks. If they take what you do personally then that's their issue, not yours. It's better for you as you can eliminate the dead weight in your life.

  9. Its ONTRAPENNER IN UNITED STATES OF AMERICA. WITH THE RIGHT ENGLISH OUT SIDE U.S.A THE ENGLISH NOT GOOD THEY PRONOUNCE IT ONTRAPENNOR'S SO

  10. Warren Buffet I can see from afar is just a humble man.❀️

    This trait is the winning one of them all. I love that he’s reading is up to six hours a day! When I originally found this out, it made me step my reading time up immediately!

  11. Mr. Buffet thank you for having a great heart to go along with the wealth you have amast in your life. Also being willing to share that knowlwdge.

  12. You don't chance while of good time, Digitlizionaucurrery Corporation LTD internation DCG stock market symbol πŸ˜‡πŸ™πŸ˜πŸ˜˜πŸŒžπŸŒπŸŒžπŸŒŽπŸ‘‘πŸ€”πŸ€£

  13. Warner Buffet is best piticing intellect knowledge wisdom finance strategic planning of
    If understand market know word frequencies show movement money they $5.5 Trillion four x

  14. GREAT video. Ya Gotta do what you love. It all starts with a BLUEPRINT, like building your home. Thanks for this video!

  15. Buffet I learn from the best but I have to deliver the people I know how πŸ™πŸ˜‡πŸ˜πŸ˜˜πŸ™ŒπŸ‘ΊπŸ˜ πŸ˜‚πŸ€£πŸ€£

  16. Good solid principle moral have values drinks water our coke, eath foot have a home shelter your family brilliant thinking Mr Buffet πŸ€”πŸ˜‡πŸ™πŸ˜πŸ˜˜πŸŒžπŸŒπŸŒ–πŸ€£πŸ€”

  17. Some of the most profoundly powerful tips of all time in this. Awesome beyond measure!
    Follow the actions, & strategies, that made others massively successful.
    Then, learn the best lessons you can along the way, by doing that. So, you can repeat the best & most powerful tactics & strategies to keep taking your success to higher & higher levels.
    It's interesting to compare Warren's tips to what various millionaires I've done projects with attribute to their own success, as well! Because, there's so much correlation to what makes the ultra-successful super stars so amazingly successful.
    Thx so much for posting/sharing this, Evan!!
    Amazingly powerful, for sure! πŸ™‚

  18. Another video idea for you Evan – Princess Diana! So much to learn from her humanitarian work. Thanks for all the research and hardwork behind these videos, I love learning from them!

  19. One of my favorite videos here that I come back to from time to time! Highly recommend this channel and Evan Carmichael for the true value and impact he provides to people's lives and businesses!

  20. I just think gates and buffet r so classy they work hard they help people and by God they read. Enough said

  21. The biggest lesson I've learned from Warren is invest for the long term if you want to be rich, I've applied this in all my videos.

  22. 1 find your passion
    2 hire well
    3 don't care what others think
    4 have a margin of safety
    5 read read and read
    6 have a competitive advantage
    7 schedule for your personality
    8 always be competing
    9 model success
    10 give unconditional love

  23. Warren buffet he has unconditionally love
    & he said don’t worries about others they are think about you it’s great advise thank everyone for sharing knowledge that Allah given you

  24. incorrect #3:
    he said that if someone told him he was wrong,
    HE WOULD LOOK AGAIN AT THE FACTS, &
    IF the facts back his determination,
    THEN don't care what others think.

    Deliberate objectivity is his key point!

    Who is it, Goldblatt? ( I may correct that, later…
    got it:
    Joel Greenblatt's "The Big Secret for the Small Investor" or something like that )
    whose book on investing is on Buffett's key point…
    Find YOUR specialty, which kind of business, or anything, can YOU understand better than "average" people/investors…
    specialize in that & don't gamble on the stuff you have only average understanding in
    ( excellent book, btw )

    Salut, Namaste, & Kaizen, eh?

    ( :

  25. Can I give you 10,000 dallar and you make me billionaire all things are possible I believe and trust you a lot. Thanks God bless you and your family.

  26. I love Warren Buffett because he's a rich man who is a people's man and he doesn't mind sharing his philosophy to the world. It's so hard to get information from aristocrats like him.

  27. Thanks very much more than this so good idea but you πŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉπŸŒΉ

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