Warren Buffett is the most successful investor in the world.
He started his life from small investments and now he is the 10th wealthiest
person of the world with wealth of $105.2 billion.
Here are his top 10 rules for success in every field of life.
Rule # 01 – Find Your Passion
You will be successful and luckiest businessman if your passion is your fun.
Rule # 02 - Hire Well
For establishment of business you
need to hire the people at the best choice. Your team is your asset.
“In Looking for people to hire, look for three qualities “Integrity”, “Intelligence” and “Energy” And if they don’t have the first two, the other will kill you. The around you in your organization without Intelligence & integrity will dump your name, reputation as will business.
Rule # 03 – Don’t Care What Others Think
Major hurdle in our success is
that we think about people desires. What people will think about it. Don’t be
care of people thinking, do what you can, what is your interest, in which field
you have capability you have expertise.
Rule # 04 – Read, Read, Read
“At the age nineteen, I read the
book (The Intelligent Investor) and what I am doing today, at the age 76 is
running things through the same thought process I learn from the book, I read at
19.”
An idea can change your life, you
may pick ideas by reading the ideas of successful men.
Rule # 05 – Have a Margin Safety
“Margin
of safety means, do not try and drive a 9,800 pound truck over a bridge that
says its capacity is 10,000 pounds. But go down the road a little bit and find
one that says, capacity 15,000 pounds”.
“Never test the depth of the river with both the feet”
Your safety is in your own hand. Always think before you leap.
Rule # 06 – Have a Competitive Advantage.
It is human nature that everyone wants to come in your hut to get benefit from your ideas. If anybody is selling fast food in a street the people will try to copy your idea with better implementations. They will try to attract the customers with easier and more comfortable environment. They will try to provide more choices in menu with lower prices. This is not against the nature. It is the key to success in life. If you have no better idea, you should visit the places of your interest to get ideas.
Rule # 07 – Schedule for Your Personality.
Best nature of successful men they have proper schedule of their activities. If any body even Obama, Bill Gates or any other personality who want to see Warren Buffett he gets time from Warren to see. Warren come out from his house at scheduled time, sit in coffee shop and listen to the visitor and go back to his house at scheduled time. We need to change our nature to waste our and others time.
Rule # 08 – Always Be Competitive.
If you want to get success in life you should study the person who face failures in life. Study the success story of Colonel Harland Sanders of KFC, Steve Jobs etc. Whose success is after multiple failures. Such study will encourage you to get back in struggle if you face failure.
Rule # 09 – Model Success.
Conduct your search in the field you have interest, you have the capacity to do something. You will find the examples of people doing well in that field.
Before blogging I studied the
life of “My Guru” Mr. Hisham Sarwar. He is inspiring personality for me to come
in blog writing and adopt it as passion. He is delivering his knowledge and
experiences with people without any charges. He is inspirational personality for
me. He is my ideal. You should have some to get success to get inspiration.
Rule # 10 – Give Unconditional Love
There is No Power on Earth Like Unconditional Love
"Warren Buffett"