Warren Buffett, investment guru, was the first person to become the richest man in the world through stock trading, with a net worth of US$90 billion. The most powerful thing about Buffett is not his tens of billions of dollars, but that he figured out a lot of truths when he was young and stuck to them throughout his life.

Many of Buffett's famous sayings are circulated among the people, and much of Buffett's life wisdom is contained here. More can lead to confusion, less can lead to enlightenment. The so-called master is to know the key points and study in depth.

1. Life is like a snowball. The key is to find a long enough slope and wet enough snow.

This sentence is the soul of Buffett's philosophy of life, and all his investments are based on this sentence. Such as Coca-Cola, See's Candy, Gillette, and the Washington Post, including Apple, which has invested in the past two years.

His investment targets are basically the top brands in the consumer field, with long enough slopes and enough wet snow. Duan Yongping, the godfather of entrepreneurship (the mentor of the founders of three companies, Oppo, Vivo, and Pinduoduo), understands this sentence as: Do the right thing and insist on maximizing long-term value.

This sentence is not only applicable to investment, but can be applied to all aspects of life. There is such a story that Mr. A and Mr. B both graduated from the 985 prestigious school. In early 2000, Mr. A applied for a job at Kodak, a Fortune 500 company. Mr. B's hometown is in Guangdong and he joined Tencent after graduation.

At first Mr. A was at Kodak, and the welfare benefits were quite good. However, within two years the digital age came, and Kodak's film business suffered a huge impact. Mr. A had to find a new owner.

After all, Mr. A graduated from a prestigious school. With his outstanding personal ability, he applied for a job at Nokia, the mobile phone overlord at the time. I don’t need to tell you the ending. Everyone knows it. Not long after, the Apple mobile phone came out. In the tide of mobile Internet, Nokia made major strategic mistakes and quickly declined. Mr. A has to start looking for a new job again. As a middle-aged person, he still has to keep running for a living, and he has not been satisfied with several jobs.

B Junze has been staying at Tencent and became a department head. He holds a large amount of Tencent equity and has already achieved financial freedom.

Graduating from the same prestigious school, different choices lead to different lives. Mr. b chose Tencent because he chose a long slope with enough wet snow.

2. No one wants to get rich slowly

Bezos asked Buffett, you have always disclosed investment principles, and it is not difficult, so why so few people can learn and make money? Where's the money? Buffett replied: "Because no one wants to become rich slowly."

Buffett said: "Spend 50 years doing research and 5 minutes doing trading." He understood it at a young age, The greatness of compound interest actually refers to the accumulation of life, and quantitative changes lead to qualitative changes. If you don't accumulate steps, you won't be able to reach a thousand miles. Haste makes waste. As time goes by, all success is accumulated step by step.

6 But people tend to only focus on short-term interests. What they want is low investment and high output, and they can see immediate returns. It is best to make a breakthrough overnight. Wealth, as the saying goes, wealth does not come into trouble. You see, most of those fraudulent projects are for the poor. I thought it was a pie, but it was actually a trap.

Real talents know how to accumulate more and gain more. As Buffett said: "Even if you can get nine women pregnant within a month, you can't get them all to give birth to children within a month." Sowing and harvesting are not in the same season. There are some things you can't rush, you have to Wait for it to ripen! If you want to achieve something, you can only take your time. Be patient enough to match your ambition!

3. I never try to cross a seven-foot fence, I always choose a one-foot one.

Buffett is very aware of the limits of his abilities. He almost never invests in technology stocks. When others ask him why, he says he doesn't understand. He recently invested in Apple, which he studied for a long time before making the move. In his opinion, he prefers to treat Apple as a consumer company rather than a technology company.

It is important for people to know themselves. Know yourself, admit your shortcomings, use your strengths and avoid your weaknesses, do what you like and are good at, and persevere and you will eventually achieve something. It is great wisdom to clearly understand your own circle of competence and know your own shortcomings. The younger ones look down on them, and they always want to do something with the bigger ones. Mistaking luck for strength is the most terrible thing.

Do what you are good at and what you can control. Although sometimes it seems slower, the steering wheel of life is in your own hands. You will not overturn. Slow is fast, and you will eventually achieve success. the end point.