10 Tips investment from Warren Buffett

Smart Business

Charlie Munger never quit college before working as a meteorologist at the US Army Air Corps and a graduate law degree at Harvard University .

Then , he met with Warren Buffett . The rest is history . As second in Berkshire Hathaway , Buffett Munger is right-handed . He has a net worth of US $ 1.19 billion .

As Buffett , Munger also had a sharp intelligence investment . Reporting from Business Insider , Saturday ( 01/16/2016 ) , here are some of the best quotes about Munger investment, business , and life :

1. Do not think you are very smart

" If you think your IQ of 160 but it was 150 then it is a disaster. It's much better to have an IQ of 130 and think only got 120. "

2. Smart people do stupid things

" We realized early on that very clever people do stupid things and we want to know why and who in order to avoid them . "

3. Invest in businesses that a fool can run

" Investing in businesses that a fool can run it. If you can not put up with a bit of mismanagement , then it is not a business. We do not find fault but who can survive . "

4. There is only one way to the top : hard work

" If you want to get sesuaty competitive , you have to think and a lot of practice. You have to keep learning because the world is constantly changing and competitors to learn.

You have to go to bed in a state wiser than when awake. You should move slowly but it should be towards the top . "


5. Do what you love and mastered

"You'll do a better job if you have passion in it. If Warren became a ballet dancer, no one will hear him."

6. If you are lazy and unreliable, no use of expertise

"What do you avoid? The answer is simple, laziness and unreliable. Do you faithfully involved in it should become an automatic behavior."

7. Must rise

Life will knock you down, but you have to get up again and learn from it all.

"Life has a punch that is terrible and unfair. There are people who heal and others do not. I think the attitude Epictetus was the best. He thinks every failure in life is an opportunity to behave well, learn something, and your task is not to sink as well as self-pity but utilizing a terrible blow it. "

8. Keep a simple

"The cost of an opportunity is a great filter in life. If you have two applicants who want to have you, but one is better than the other, then you have to choose. That's how you filter opportunities in the stock market. A lot of people ask us what the mystery, but what we have is a simple and basic ideas. "

9. The self-pity does not solve anything

"In general, envy, revenge, revenge, and self-pity is a disastrous idea. Feeling sorry for yourself close to nature paranoid and it can be difficult for you because it will not improve the situation."

10. The thought of it is in the book, not the classroom

"I met with intellectuals in the book and not in the classroom. I can not remember when I first read Ben Franklin. I have a book of Thomas Jefferson's bedside when she was seven or eight years old. My family really like things that are related to discipline, knowledge, and self-control. "