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Thread: Warren Buffets advice for 2009

  1. #1
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    Default Warren Buffets advice for 2009

    Not sure about the source, but sure sounds like good advice.

    Warren Buffets advice for 2009:

    We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

    Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

    * Hard work : All hard work bring a profit, but mere talk leads only to poverty.

    * Laziness: A sleeping lobster is carried away by the water current.

    * Earnings: Never depend on a single source of income. [ At least make your Investments get you second earning ]

    * Spending: If you buy things you don't need, you'll soon sell things you need.

    * Savings: Don't save what is left after spending; Spend what is left after saving.

    * Borrowings: The borrower becomes the lender's slave.

    * Accounting: It's no use carrying an umbrella, if your shoes are leaking.

    * Auditing: Beware of little expenses; A small leak can sink a large ship.

    * Risk-taking: Never test the depth of the river with both feet. [ Have an alternate plan ready ]

    * Investment: Don't put all your eggs in one basket.

    I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will
    quickly regain their financial health.

    Let us become wiser and lead a happy, healthy, prosperous and peaceful life

  2. #2

    Default Re: Warren Buffets advice for 2009

    Actually these advice are common sense. But the problem is human beings usually dun obey common sense.

  3. #3
    Moderator diver-hloc's Avatar
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    Default Re: Warren Buffets advice for 2009

    Just like to add one.....

    Cars - Buy one only if you really need one.... not because its the S'pore dream.....

    Scuba & Father... For Life

  4. #4

    Default Re: Warren Buffets advice for 2009

    Quote Originally Posted by diver-hloc View Post
    Just like to add one.....

    Cars - Buy one only if you really need one.... not because its the S'pore dream.....
    But there are people who have lots of cash to buy lots of cars.

  5. #5
    Moderator diver-hloc's Avatar
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    Default Re: Warren Buffets advice for 2009

    Quote Originally Posted by Harry Potter View Post
    But there are people who have lots of cash to buy lots of cars.

    Then prepare to reap what they sow lor......

    Scuba & Father... For Life

  6. #6

    Default Re: Warren Buffets advice for 2009

    Quote Originally Posted by kernel View Post
    * Hard work : All hard work bring a profit, but mere talk leads only to poverty.
    Dont think so leh...

  7. #7

    Default Re: Warren Buffets advice for 2009

    Quote Originally Posted by scrat1 View Post
    Dont think so leh...
    Hard work like pushing against a wall reap profit?

  8. #8
    Moderator Clown's Avatar
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    Default Re: Warren Buffets advice for 2009

    thanks for the share.

    sometimes things like that does good motivation. =)
    sigh.

  9. #9

    Default Re: Warren Buffets advice for 2009

    Quote Originally Posted by Clown View Post
    thanks for the share.

    sometimes things like that does good motivation. =)
    You mean to strike rich?

  10. #10

    Default Re: Warren Buffets advice for 2009

    * Hard work : All hard work bring a profit, but mere talk leads only to poverty.

    => The TOTO shop is far away. I walked and sweat just to get to it.

    * Laziness: A sleeping lobster is carried away by the water current.

    => That's why we all woke up early to queue for CNY lottery.

    * Earnings: Never depend on a single source of income. [ At least make your Investments get you second earning ]

    => Lottery is our alternate source of income.

    * Investment: Don't put all your eggs in one basket.

    => Buy TOTO, Big Sweep, Horse Racing and 4D -- 4 baskets.

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