Warren Buffett: “Really Successful People Say No To Almost Everything” (2024)

FAQs

When most successful people say no to almost everything? ›

That's why this Buffett quote remains a powerful life lesson. The mega-mogul said: "The difference between successful people and really successful people is that really successful people say no to almost everything."

“Price is what you pay, value is what you get.” This famous Buffett quote strikes at the heart of the “value investor” approach and reveals the secret of how Buffett made his fortune. After Buffett was rejected by Harvard, he enrolled in an undergraduate degree at Columbia Business School.

"Money is not everything. Make sure you earn a lot before speaking such nonsense."

Buffett presented a three-step exercise to help streamline his focus. The first step was to write down his top 25 career goals. In the second step, Buffett told Flint to identify his top five goals from the list. In the final step, Flint had two lists: the top five goals (List A) and the remaining 20 (List B).

Oftentimes, yes. The reason is simple: quiet people tend to be smarter than talkative people because they tend to be introverts, and therefore have a higher baseline of arousal.

Many successful professionals struggle to enjoy their accomplishments. For example, one study found that 72% of successful entrepreneurs suffer from depression or other mental health concerns. And CEOs may be depressed at more than double the rate of the public at large.

The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not uncommon.

Warren Buffett typically does not give money to individuals, although he frequently donates to charities. However, he has in the past forwarded individual requests for money to his sister, Ms. Doris Buffett, who operates an organization called the Sunshine Lady Foundation.

Despite having a mountain of cash at his disposal, Warren Buffett is unlikely to deploy the majority of it any time soon. In part, that's because, as an insurance company, Berkshire will always need a cash reserve in the event of catastrophic losses.

A 70/30 portfolio is an investment portfolio where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.

What is the rule number 1 buffet? ›

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule. And that's all the rules there are.”

Buffett's 5/25 rule is not only a great strategy for investing but also a useful tool for maximizing productivity. The rule is simple: identify the 25 most important things on your to-do list, prioritize them, and then focus on the top five items while ignoring the rest.

His biggest weakness is the disadvantages of his strength. He is pretty strict and he doesn't really listen. His opinion are often right, but some don't end up right. When he goes down a track that doesn't make sense, he does not pay attention to anything, which is a weakness for a big business leader like him.

His penchant for long-term investments is reflected in another of his aphorisms: “You should invest in a business that even a fool can run, because someday a fool will.” He doesn't believe in businesses that rely for their success on every employee being excellent.

Successful people learn from a failure or loss and don't let it happen again. They won't try to get different results from the same actions. Live for glory days. They don't dwell on things that happened long ago and far away.

Coco Chanel Quotes

Success is often achieved by those who don't know that failure is inevitable.

One of the most common reasons why people may not like others to have success is due to feelings of envy and jealousy. Seeing someone else succeed may trigger a sense of inadequacy or dissatisfaction with one's own life, which can result in negative feelings towards the successful person.