Wednesday, March 26, 2014

Secrets of success, and Warren Buffet's investment philosophy



Over the weekend, living a Travelife, a group of friends got together for a long and relaxing dinner. Most of the talk centered on travel, as we're planning two or three trips together this year.

And, of course, half the fun of a Travelife is in discussing what you're going to do on a trip and planning it out with your companions.

But in between talk of a Travelife, I had a short but interesting discussion with someone about what makes a person work hard.

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THREE KEYS TO SUCCESS

"There are only three things that will make a person work really hard -- and I mean the kind of effort needed to determine great success," he said.

I don't even remember why we started talking about this.

But I think we were dissecting someone's personality, and trying to figure out what made him a spectacular success compared to so many other people we knew.





WHY PEOPLE WORK HARD

This friend continued: "People work hard because of an anger, a hunger or a passion. Or a combination of two, or of all."



He continued: "And, of course, the healthiest of the three is to work hard because of a passion. With passion in your life, no one can beat you and the competition is breakfast."

Just some food for thought on just another wonderful day in my never-ending, and never-endingly eventful Travelife.


KEY TO SUCCESSFUL INVESTING




PS:  I just read an essay Warren Buffet wrote this month, culled from his annual letter to shareholders of Berkshire Hathaway.  He outlined two exceptionally interesting points:

1
"Owners of stocks too often let the capricious and irrational behavior of their fellow owners cause them to behave irrationally as well."

2
"A climate of fear is your friend when investing; a euphoric world is your enemy."


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