7 Secrets behind Buffett's Billions

1) He reads a lot -

Buffett believes reading works a lot like compound interest. You build your knowledge base, day-by day, by adding more information.

2) He’s methodical in his approach -

Buffett spends hours every day researching, writing, and exploring new economic theses. So when it’s time to make a rapid-fire conclusion, he’s already prepared.

3) He’s not an overnight success -

     Buffett’s billions are the product of years of hard work and mountains of effort.

4) He relies on the numbers -

Everybody has anopinion and a reason for telling stories a certain way. But rather than sifting through other people’s ideas, Buffett turns to the hard data and facts.

5) He’s a master of influence -

Without influence, Buffett wouldn’t be able takeover companies, to buy investors out, to convince people to work for free, or to negotiate multi-billion-dollar deals.

6) He’s persistent -

In the face of fear and uncertainty, Buffett has taken enormous financial risks to buy stocks, invest in foreign countries and bailout companies on the brink of bankruptcy.

7) He lives below his means and invests -

Without cutting expenses and saving his money, Buffett wouldn’t have the opportunity to beat the market through the years and earn billions of dollars.

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References

Robert Allen

Joel Brown