Warren Buffett’s lesson about true success

In 2006, Warren Buffett pledged to give away almost his entire fortune to charities. He is adamant about not funding monuments to himself – no Warren Buffett buildings or halls.

He says, “I know people who have a lot of money. And they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.”

Isn’t that interesting how a multi-BILLIONAIRE says NOTHING about money in his definition of success?

And yet, how much time do most of us spend obsessing about making more money and all the things we want to do with that money when we make it?

Bill Gates and Warren Buffett on Success

In 2006, the two stood before business students at the University of Washington to share their personal philosophies about success.
(The following conversation is an excerpt of SkyQuestCom’s Master Channel January Highlight)

How do you define success personally?

WARREN: Well, I can certainly define happiness. Because that’s what I am. (Audience laugh) I get to do what I like to do every single day of the year and I get to do it with the people I like. I don’t have to associate with someone who causes my stomach to churn. (Audience laugh) And the only thing in my job I don’t like, and it only happens in about 3 or 4 years, is that occasionally I have to fire somebody. I don’t like that. It is the only thing, other than that, I tap dance to work.

Continue reading “Bill Gates and Warren Buffett on Success”

What Shall We Do?

It’s a difficult time for investors. Europe is under the dark cloud of shaky government finances, while Chinese economy is either on the way to a hard landing or a short landing in the best case senario. On the other hand, the stocks are not expensive except the A shares in China. It’s the time to pick the right stock at good price. Life goes on, no matter what will happen temparary to the world economy. When it’s all over, a good company will grow stronger. And even over this uncertain period of time, they are keeping making more money and preparing for better time.