Warren Buffett, the chairman and CEO of Berkshire Hathaway, also known as the “Oracle of Omaha”, is undoubtedly the most successful investor of the 20th century and one of the wealthiest individuals in the world. Despite all his worldly success, he is also one of the most humble and generous human beings alive. He recently donated a great portion of his wealth to Bill and Melinda Gates Foundation to be used for philanthropic purposes. At 82 years old, Buffett also has a wealth of life experiences and wisdom to share with the young professionals like you and me.
Lesson 1: Work on your character
He often says there’re many things in life that are outside of your control. Circumstances, genetic traits like IQ, appearances and talent. It’s like winning the lottery. Some people are more fortunate than others. But there are things you can control.. like your character and habits. The things you can’t control might get you success, but the things you can control helps you keep that success!
“The chains of habit are too week to be felt until they are too strong to be broken”.
What Now: Cultivate a good character and habits as early as you can. Yes that means start being nice to people! Think of all the people you admire and write down all the character traits and habits you admire in them. Think about how these traits have helped them, especially in difficult situations. When your time comes, apply these traits. You’ll find the more you do it, the more you’ll develop that good character!