Towards Thought Leadership

Warren Buffett on Reputation

 

Warren Buffett is the legend in finance and business world. He is often known as the “Oracle of Omaha.”
A famous piece of advice to remember at all times, from this 89 years old ace:

“Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1.”

He is also one of the top influential philanthropist in the history. Warren Buffett, the Intelligent Investor entered the billionaires list in 1982. And more important he maintained his position in the list. For more than 20 years, he is in the top 5 richest person in the World. During this same period he has donated more than $46 billion till date. He co-founded ‘The Giving Pledge’ in 2009.

Warren Buffett shared one of his life experiences saying:

“Risk comes from not knowing what you’re doing.”

Warren Buffett started understanding his interests in investing and business from early age.  A book named One Thousand Ways to Make $1000′  inspired him at the age of 7. He purchased his first stock at the age of 11. He went on investing, working and made savings doing misc jobs. His earnings graph is shown below:

He was rejected by Harvard Business School. On average Buffett made $37 million a day, in 2013. People are ready to pay enormous amount of money to have lunch with him. In mid of this year, lunch with Warren Buffett was auctioned for over $4.5 million. Warren Buffett still lives in a 5 bedroom house that he bought in his late 20s. He also invested in himself and took a Dale Carnegie Public-Speaking course.

He is an avid reader, started reading 500 – 1000 pages a day and  still spends 80% of his day reading. One of his Great Musings :

 

It’s tough to earn a good reputation and above that it’s indispensable to maintain it in a life long process. Protect it at all cost.

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