Wise Wealth Advisors

D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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Some more on The Tao of Warren Buffett (Money Mantras….18)

Posted by Muthu on November 24, 2009

November 22’nd was my 5th wedding anniversary and wanted to share with you the last article in the series of ‘The Tao of Warren Buffett’ on that day. As I could not find time on that day (you may know why!), I woke up at 4 am today for writing this blog.

I received lot of feedback that the wisdom nuggets from the great master were highly enjoyable. Here is the last set in the above series of articles. Please do read and share your feedback.

It so happened that the month of November happened to be a month of ‘Money Mantras’.

Enjoy the current ride in stock market with caution and make some good money.

Now the Master Speaks…

1) There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of the bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t it that a little like saving up sex for your old age?

2) Wouldn’t be great if we could buy love for $1 Million. But the only way to be loved is be lovable. You always get back more than you give away. If you don’t give any, you won’t get any. There’s nobody I know who commands the love of others who doesn’t feel like a success. And I can’t imagine people who aren’t loved feel very successful.

3) When ideas fail, words come in very handy.

4) I’m a better investor because I am a businessman and a better businessman because I am an investor.

5) When a chief executive officer is encouraged by his advisers to make deals, he responds much as would a teenage boy who is encouraged by his father to have a normal sex life. It’s not a push he needs.

6) The reaction of weak management to weak operations is often weak accounting.

7) With each investment you make, you should have the courage and conviction to place atleast 10% of your networth in that stock.

8) My idea of a group decision is to look in the mirror.

9) It is impossible to unsign a contract, so do all your thinking before you sign.

10) The great personal fortunes in this country weren’t built on a portfolio of fifty companies. They were built by someone who identified one wonderful business.

(Courtesy: The Tao of Warren Buffett by Mary Buffett & David Clark)

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