Warren Buffett is one of the world's most successful investors. Investors consistently notice and appreciate the advice he provides to Berkshire Hathaway shareholders in his annual letter.
Our elders have a saying: "At fifty years old, one knows one's destiny," implying that a person reaching the age of fifty will have the most accurate prediction about life.
Life Lesson: To make life from middle age to old age peaceful and happy, the ancients advised: don't falter at 40, don't be greedy at 50, and don't indulge yourself at 60!
Life Lesson: A person's good life habits are the cornerstone of wealth.
One of the worst decisions of Warren Buffett's career, according to him, was the purchase of the shoe manufacturer Dexter Shoe. Additionally, Buffett foresaw that he would continue to make errors in the future.
To enhance your chances of good fortune, it is imperative to cultivate personal growth and endeavor to evolve into an improved iteration of yourself.
Only when you are "hungry" can you turn the wheel upward and continue to gain strength. Only when you are "hungry" can you live a fulfilling life without being eliminated. Only by remaining hungry can you continue to work hard and move closer to your goals.
Life Lesson - Acquiring substantial wealth can potentially lead to unfortunate consequences, such as developing detrimental behaviors, succumbing to societal vices, accumulating debt, and more.
The "straw theory" asserts that choosing which team to join and who to follow is critical to a person's success in life.
Errors are an inherent part of human existence, as they can be committed by anyone. Some mistakes are correctable, while others only result in remorse.