Warran Buffet
- Find ur Passion – Warren found his, his boys: Farming and Music /and Philanthropy. Take the job that you would take if you were wealthy, you’re going to do well at it.
- Hire people w/integrity, intelligence and energy
- Don’t care wat others think. Look@facts. Emotional stability.
- Read a lot. Daily newspaper/magazine, course material, best p.d book, biographies
- Margin of safety. Keep the carburetor warmer on
- Competitive advantage. People trying to copy/better/take-from you. Defense: Low-cost producer. Tallent. Working harder. Be the BEST at what you do.
- Schedule for your personality. Daily: Unstructured, no meetings–not including pd bids(this could be outsourced). Have self-running businesses, I allocate capital. Set ur own pace.
- Compete. Don’t rest.. Have that vigor of wen you were selling one a day/walking on 5gal buckets, even if ur on top of the world. Excitement/belief that tom is more exciting than tod. Permeate that through the organization.
- Model success. Read every book on investing and stock market in the whole library/amazon–entertaining, maybe learn something. Then read the Intelligent Investor – Graham. Behave like people that you admire and be not like the reverse–get rid of them.
- Unconditional love. Variety of forms. Teaching child how to live life lessons. Not by preaching… Lead by example. There will be days you may not feel like it… Not talking about uncritical love. To know that you can always come back–extend that to your child at a young age… they will become a better human being.