Warren Buffett: This is how to be successful via CNBCMakeIt
At 88, billionaire investing guru Warren Buffett is often considered the Yoda of the investing world. He's the chairman of Berkshire Hathaway and is currently worth $86 billion, according to Forbes. div >div.
group >p:first-child">But his best wisdom on how to achieve success in business has nothing to do with profit and loss statements or stock portfolios. "By far the best investment you can make is in yourself," Buffett recently told Yahoo Finance editor-in-chief Andy Serwer. First,"learn to communicate better both in writing and in person, they increase their value at least 50 percent. If you can't communicate to somebody, it's like winking at a girl in the dark. Nothing happens," Buffett told Serwer."You have to be able to get forth your ideas.""If I gave you a car, and it'd be the only car you get the rest of your life, you would take care of it like you can't believe. Any scratch, you'd fix that moment, you'd read the owner's manual, you'd keep a garage and do all these things," he said. "You get exactly one mind and one body in this world, and you can't start taking care of it when you're 50. By that time, you'll rust it out, if you haven't done anything. So it's just hugely important. And if you invest in yourself, nobody can take it away from you." Of course, Buffett is famous for his diet of Coke and McDonald's, so he admitted people should do what he says, not what he does:"I'll get a certain criticism for not living it," he said.Finally, Buffett's definition of"true success" doesn't have anything to do with money. "Well, I've said many times that If you get to be 65 or 70 and later and the people that you want to have love you actually do love you, you're a success," Buffett told Serwer. Billionaire 'Shark Tank' star Mark Cuban: This is how to know if a business will be successful Google execs reveal secrets to success they got from Silicon Valley's 'trillion dollar' business coach Like this story? Subscribe to CNBC Make It on YouTube!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett wants young people to know: Ignoring this is like 'leaving a car out in hailstorms'Warren Buffett wants young people to know that ignoring this is like 'leaving a car out in hailstorms.' via CNBCMakeIt
Read more »
Warren Buffett and Bill Gates weigh in on the Time 100 list honoring LeBron James, AOC and moreThe Times 100 profiles celebrating LeBron James, Mark Zuckerberg, AOC, Michelle Obama and more were penned by other notables.
Read more »
What impressed Warren Buffett when he first met LeBron James—and it wasn't his basketball skillsThis is what impressed Warren Buffett when he first met LeBron James—and it wasn’t his basketball skills. via CNBCMakeIt
Read more »
Warren Buffett eats the same thing for breakfast every day and it never costs more than $3.17Warren Buffett eats the same thing for breakfast every day and it never costs more than $3.17. via CNBCMakeIt
Read more »
Warren Buffett made 12 predictions about bitcoin, table tennis, and his death — here's how they turned outWarren Buffett made 12 predictions about cryptocurrency, table tennis, and even his own death.
Read more »
A 36-year-old who learned to invest like Warren Buffett explains how saving can cost you moneyA 36-year-old who learned to invest like Warren Buffett explains how saving can cost you money. via CNBCMakeIt
Read more »
A 36-year-old who learned to invest like Warren Buffett explains Buffett's No. 1 ruleA 36-year-old who learned to invest like Warren Buffett explains his No. 1 rule. via CNBCMakeIt
Read more »
Warren Buffett’s big life lesson to students: Don’t borrow money like Donald TrumpWarren Buffett explained the perils of using debt and leverage during a question-and-answer session with Notre Dame students in 1991.
Read more »
7 quirky ways the super rich save moneyWarren Buffett never spends more than $3.17 on breakfast.
Read more »
20 Business Magnates Share The Wisdom They Learned From Their FathersWarren Buffett: 'My first hero was my dad'
Read more »
Take a look inside an $18 million beach house in the same exclusive neighborhood as Warren BuffettTake a look inside an $18 million beach house in the same exclusive neighborhood as Warren Buffett. via CNBCMakeIt
Read more »