All You Can Eat Buffett: Warren Buffett & Achieving Greatness
There is an old saying that says, “love me or hate me, but you will respect me.” For aspiring entrepreneurs, investors, financial advisors, or others, to be respected is nearly as fulfilling and as important as being paid. The reason? You are not truly wealthy until you have built a lasting name. Yes, fame and fortune are formidable and play a key role in expansion and influence in the market. But the first-ballot halls of famers are the people who necessitate successors to their throne and know it. These people are visionaries. These people are gentleman like Warren Edward Buffett.
Who Sits on The Throne?
Warren Buffett, CEO of Berkshire Hathaway Inc., sits on the throne. Berkshire Hathaway Inc. is a worldwide-enterprise and industrial conglomerate that is arguably the most formidable holding company in the world. This company has stake in Heinz Ketchup, Restaurant Brands International, American Express, MasterCard, The Coca-Cola Company, Wells Fargo and Mars, Incorporated. Impressive as that is, this goes further. Warren Buffett also has out-and-out ownership of GEICO, BNSF, Lubrizol,Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and NetJets. But the buck does not stop there. This company, headquartered in Omaha, Nebraska, has minority stock in Verizon, AT&T, and IBM.
If someone were to suggest a certain company to an investor, the expectation the investor or investment group has is to make a sizable return on that investment. That much is obvious sure, but what if someone has this down to a tee. What makes someone a timeless sage of business and investment? What makes Warren Buffett the King?
Let’s hear from him.
Buffett of Advice! Desert is Coming Up Soon!
- Patience is a virtue: Invest in Businesses that hold rational long-term value. The return may take longer than the norm, but this is what sets the great ones from the rest.
- Defend What You Stand For: An established, recognizable name should remember that with great wealth and influence comes great responsibility. Buffett believes the wealthy should be taxed significantly, advocating one million and ten million tax brackets for the very wealthy.
- Quality over Quantity: According to Warren Buffett, “It’s far to be better to buy a wonderful company at a fair price than a fair company at a wonderful price” (Sun Entrepreneur).
- Philanthropy: To whom much is given, much is expected. Warren Buffett joined Bill Gates as being part of The Giving Pledge, donating most of their wealth to charity.
- Honesty/Integrity: Warren Buffett revealed his diagnosis, prostate cancer; despite the hit his company’s stock may take. He has since fully recovered, believing that he has a responsibility to be honest to his investors and the public. Honesty to oneself and the community helps breed honest investments and realistic returns by placing faith in businesses that appear to value similar principles.
How Successful Is this Guy?
Tune in next time!
Big Thanks To https://www.entrepreneur.com/slideshow/274722