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10 Quotes From Warren Buffett That Will Teach You How To Be A Successful Person

10 Quotes From Warren Buffett That Will Teach You How To Be A Successful Person

Warren Buffet knows a lot about what it takes to be successful, and over the years he’s been gracious enough to disperse much of that knowledge to the world at large. Here are ten convincing quotes about being successful from one of the world’s richest men.

1. Know Your Stuff

Risk comes from not knowing what you’re doing.

If someone’s a world champion player, are they really gambling when they sit down at the poker table? Warren Buffett doesn’t think so. He knows that, even when chance is involved, over time skill will win out over luck.

2. Think Things Through

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

A lot of businessmen and businessmen make impulsive decisions that sometimes pay off big and sometimes cost everything. Warren Buffett takes a different route than most, believing that to not only be successful but maintain that success you have to consider your choices very carefully.

3. Tread Carefully In All Matters

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

You have to be wary in life as well as business. It’s a little scary to think about how easy it is to destroy your public image. Exercise extreme caution by weighing every action like a million dollar decision, because it might be.

4. If Things Are Bad, Don’t Make Them Worse

The most important thing to do if you find yourself in a hole is to stop digging.

When people are in a mess, they have unfortunate habits of making things messier when trying to clean things up. To be successful you need know when doing nothing is the best option.

5. Associate With The Right People

You can’t make a good deal with a bad person.

You can’t put faith in someone you can’t trust if you want to be successful in either business or life.

6. Don’t Be Too Trusting

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Even if you associate with the right people, they may still let you down someday. Know that all good things end, and be prepared for when the curtain falls.

7. Appreciate What Came Before

Someone is sitting in the shade today because someone planted a tree a long time ago.

If you’re successful, it’s at least in part because others paved the way for you to succeed. Be thankful of those who came before and contributed to your success.

8. Know When To Jump Ship

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Successful people don’t call a bet with a losing hand. They recognize when something’s sinking, and know they need to get on a new boat.

9. Habits Are Hard To Break

Chains of habit are too light to be felt until they are too heavy to be broken.

Make sure you cultivate good habits, because the longer you have them the less likely they’ll break.

10. Be Certain Of Your Success, Even When No One Else Is

I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

You should always be convinced that you will succeed. It’ll take a little longer to convince everyone else, but if you continue to believe in yourself you’ll eventually have a very persuading argument.

Featured photo credit: BorsheimsJewelry via flickr.com

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Matt OKeefe

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Last Updated on December 17, 2018

Read this and stop feeling overwhelmed…for good!

Read this and stop feeling overwhelmed…for good!

We live in a time of productivity overload.

Everywhere you turn are articles and books about how to be more productive, how to squeeze 27 hours of work out of every 24, how to double your work pace, how to do more and more all in the name of someday getting out of the rat race. Well this is about the side effects of those ideas. If we aren’t multitasking, we feel lazy. If we aren’t doing everything, we feel like we’re slacking. We compare ourselves to others who we think are doing more, having more, getting more and achieving more, and it’s driving us crazy. We feel overwhelmed when we think we have too much to do, too much is expected of us, or that a stressor is too much for us to handle. And we respond by lashing out with emotions of anger, irritability, anxiety, doubt and helplessness.

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This season especially is the most stressful time of year. Between the holidays, final exams, family gatherings and general feelings of guilt that it’s the end of the year, it’s easy to get overwhelmed thinking of all the things you still need to get done. But if you use these tips, not only will you get the important stuff done, you’ll keep your sanity while doing it!

    Is this you?

    Change your thought pattern-stop thinking negatively

    When you feel overwhelmed, the first thing you do is start thinking negatively or begin to resent why it’s your responsibility in the first place! The first thing you have to do is to stop! Stop thinking negatively immediately. Instead, focus on the positive. If you’re stuck in traffic, think of how great it is to have some time to yourself. If you’re rushing trying to get things done by a deadline, think how lucky you are to have a purpose and to be working towards it. If you’re stressing about a final exam, think of how fortunate you are to be given the opportunity of higher education. After you’ve changed your thought patterns, you must then say to yourself “I can do this.” Keep saying it until you believe it and you’re more than halfway to ending feeling overwhelmed.

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    Take a deep breath/change your body posture

    When you’re stressed certain things happen to your body. You start to breath shallowly, you hunch over, you immediately tense up and all that tension drives your feelings of stress even more. Relax! Straighten your posture and take at least ten deep, cleansing, breaths. Force yourself to smile and do something to change your state. It could be as simple as giving yourself a hug or as silly as clapping your hands three times, throwing them up in the air and shouting “I GOT THIS!” Think to yourself, how would I sit/stand if I had perfect confidence and control of the situation?

    Focus on right now

    Now that you are in a better state of mind and are no longer thinking negatively, you need to focus on the here and now. Ask yourself this question: What is the most important thing I have control of and can act on right now? Keep asking yourself this until you have a concrete next step.

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    Take Action

    Now that you know what’s most important and what to do about it, do it! Start with the first step and focus on getting that done. Don’t worry about anything else right now, just on what your first step is and how to get it done. Once that’s done with, determine the next most important step and get that done.

    Let go of what you can’t control (the gambler’s theory)

    Seasoned gamblers understand the importance of due diligence and knowing when to let go. The Gambler’s Theory is that once your bet is placed there is nothing you can do, so you might as well relax and enjoy the process. The time to worry is when you’re figuring out the best odds and making the decision of what to bet when you can actually take action. I used this one a lot in college. After an exam, there is absolutely no point in stressing about it. There’s nothing you can do. And the same goes for feeling overwhelmed. If you can do something about your situation, do it, focus and take action. But if you’ve done what you could and now are just waiting, or if you’re worried about something you have no control over, realize that there’s no point. You might as well relax and enjoy the moment.

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      Relax and enjoy the moment

      Stop feeling guilty

      Finally, stop comparing yourself to others. If you are at your wits end trying to keep up with what you think you should be doing, you aren’t being fair to yourself. This isn’t to say that you shouldn’t strive for improvement, just don’t go overboard because you feel like you have to. Only you know what’s really important to you, and your personal success journey so focus on what your top priorities are, not someone else’s.

      Everyone feels overwhelmed sometimes. The important thing is to realize it’s normal and that you can do something about it by taking focused and deliberate action. Happy Holidays!

      Featured photo credit: Stress Therapy via flickr.com

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