Warren Buffet - Investment Wizard
Warren Buffett is one of the richest men in America. He made a great fortune out of his practical approach and business skills. He lives a very simple life even though he has lots of money. He has been living in the same place with all his wealth. Besides that, he donated his considerable fortune to Bill Gates and the Miranda Foundation. He has given his family members a small part of his wealth from which they can maintain their daily lives.
However, his approach to life is efficient and logical. He believes in not putting all of his eggs in one basket. One may looose every penny in the process. Therefore, one must spread one investments portfolio various companies.
He thinks that one must spend money that is saved. He also said 'Do not expect honesty from all because it is the very expensive thing in life. He meant honest people have to pay too much for being honest.
He advised do not buy things which are not required otherwise one will have to sell those things which are very much useful in life.
Warren Buffett has said,' Do not depend upon on only one source of income. One must make efforts to have alternative Income. ' It obviously brings more security in life.
It is important to see front side because our eyes are also on front side. Hence things behind are not important.
Warren Buffett also says,' The past is a Dustbin of dirty things, the Present is a Newspaper, and the Future is always a question mark. He advised to come out of Past, Try to control Present and Make efforts to win Future.
We used a Pencil as a child and started using a Pen in youth because we can erase the mistakes of childhood, but it is very difficult to erase the mistakes made in youth. This is a practical philosophy of Warren Buffett.
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