Warren Buffett is a very popular guy – so much so that a fan just raised $ 3.3 million for a chance to have bread with the acclaimed Berkshire Hathaway Chairman.
Every year, Buffett volunteers for lunch with the winner of a charity auction for the San Francisco-based organization Glide, which helps homeless people. The Wall Street Journal notes that the price of a meal with the multi-billion dollar investor and philanthropist known as the "Oracle of Omaha" has been consistently over $ 1 million since 2008.
That's a lot of money to spend on an intimate session with the 87-year-old. But many people seem to think it's a solid investment – especially former bidder Ted Weschler, who gained a position as Portfolio Manager at Berkshire Hathaway after winning the Glide Auction twice.
But even if you have no millions available, you can still benefit from Buffett's wisdom. Here are some of the best advices that he has reported over the years:
Take care of the company you keep
In 2004, a 1
"It's better to be with people than you," Buffett said. "Choose employees whose behavior is better than yours and you will drift in that direction."
Buffett had support from his Vice Chairman Charlie Munger, who added, "If that gives you a temporary unpopularity with your peer group, hell with them."
Protect Your Time
"The difference between Successful people and truly successful people are really successful people who say no to almost anything, "Buffett said. That's because saying "no" means that you can focus on the things that matter most to you while filtering out the heavy workload.
If you're the type of person who's having trouble disappointing others, Kristin Wong has some helpful advice: Instead of saying "I can not" to say what leaves room for negotiation, just say, "I do not. "
Read How the Wind
Buffett reportedly gives 80% of a typical reading day. "Read 500 pages a day like this," he once advised the students how to build a career as an investor by pointing to a stack of papers. It works like compound interest, you can all do it, but I guarantee that not many of you will. "
Do not try to measure the speed – it does not really show that is working. Instead, you should take steps to integrate reading time into your daily routine and set a daily reading goal.
Get a Hobby
It can be worth over $ 82 billion, but Buffett is still fun. He plays an estimated 12 hours of bridge a week playing ukulele – even to the point of touring with his son, a professional musician. When you pick up a hobby, it can work wonders to connect with your friends and family. Buffett's son, Peter, told NPR, "It's really wonderful that first of all he's so enthusiastic and ready for it and that we can do it together because I'll tell you, I will not be in Berkshire Insurance brokers and insurance brokers, so when we do something together, it becomes musical. "