Analyze the inspiration of Buffett’s success to ordinary people from three dimensions

Buffett, the existence of this name is a kind of public charm. Because when we hear this name, we will think of fascinating labels such as stock god, investment guru, and the world's richest man. How many people are eager to imitate Buffett's investment methods, and how many people are eager to get rich overnight and become rich!

However, one minute on stage can take ten years off stage. How can the success of investment masters be so easily copied?

It is difficult to copy success, but the trajectory of success can be traced. This article will analyze the inspiration of Buffett's success to ordinary people from three dimensions.

Buffett, who now has a net worth of hundreds of millions, is not only a leader in the investment community, but also owns many companies, among which Berkshire Hathaway is a company that owns stocks and bonds. , the insurance kingdom of cash and silver. For such a person who lives at the top of the pyramid, can you imagine that there were times when he was very introverted?

1. Introverts are not necessarily timid

In his childhood, Buffett was a very introverted person. Most of his comments were: a good boy who did not cause trouble to adults. . Specifically reflected in three aspects:

1. Well-behaved personality

Compared with his sister Doris, Buffett is like a docile little lamb. If the family goes shopping, my sister will always run around and often get lost; while Buffett will always stay close to his parents. As he gets older, Buffett's character becomes more cautious. He always avoids quarrels with his friends and never goes to unfamiliar streets and alleys. Because Buffett is too introverted, his family is always worried, fearing that he will be bullied by others, so they love this shy son even more.

2. Physical reasons

When Buffett was 7 years old, he had a severe high fever. Worried that he was dying like his sister Doris, his parents rushed him to the hospital for an appendectomy. After this operation, Buffett's physique became weaker, which also caused a psychological burden on him, and his personality became more reserved and cautious.

3. Repressed childhood

Buffett’s mother Lila’s personality changed a lot after her marriage, and the pressure of life made her complain from time to time. The year after giving birth to Buffett, Leila's sister committed suicide. Since the two sisters had a very deep relationship, this was a huge blow to her. And Lila's beloved husband has less and less communication with her because he is busy with work. Lila, who could only live with the trivial life of daily necessities, rice, oil and salt, undoubtedly took all her anger out on her children. Buffett and his older sister and younger sister were walking on thin ice at home, and if they were not careful later, they would be scolded by their mother. The childhood shadow brought by his mother to Buffett has always shrouded him until he became an adult, and has a subtle influence on his character development.

Buffett’s introversion has directly affected his love experience. During his student days, he had almost no close contact with girls. The date in high school ended awkwardly because both of them were too introverted; the beautiful girl who was attracted by her heart had long been chased away by those humorous and fashionable rich kids; even the girl whom she had a crush on for a long time ended up not having the courage to confess her love until graduation.

Until the age of 21, Buffett met Susan (who later became Buffett’s wife) at his sister’s dance, fell in love with her at first sight, and eventually launched a fierce pursuit of her.

After inquiring, it was discovered that Susan’s father, Dr. Thompson, and Buffett’s father were old acquaintances. Taking advantage of this convenience, Buffett often came to Susan's home on the pretext of visiting Dr. Thompson. Dr. Thompson appreciates Buffett's talent in investment and is very willing to facilitate a date between Buffett and Susan.

However, Buffett’s talents were all about investment theories related to numbers, and he really couldn’t win Susan’s favor. Later, Susan even slipped out of the back door as soon as she saw Buffett. What's more, Susan already had a date at the time, but the other person's family was relatively poor, and Susan's father, who was from a better family, strongly opposed their being together.

In the end, Susan was forced to break up due to class differences, and started dating Buffett again under the arrangement of her father. Slowly, Susan also discovered some hidden advantages of Buffett, and the two fell in love.

It can be seen from Buffett's courtship experience that although he is introverted, he has failed many times. But he can formulate plans and implement them effectively when his goals are clear:

1) Dare to take the first step and pursue it. If you still don't dare to express your love as before, you will only watch your cherished love pass by.

2) Knowing that one’s shortcomings are not liked by the opposite sex, first obtain approval from Susan’s father.

3) Pursue persistently and diligently. Although she was disliked by Susan and knew that Susan had a partner, she did not give up pursuing love because of this. In the end, she used her perseverance to get the opportunity to date again, which also allowed Susan to truly understand and accept herself.

Being introverted is not terrible. What is terrible is accepting this fact and denying yourself. The advantage of Buffett is that he does not feel sorry for himself because of his inherent disadvantages. Instead, he accepts his actual situation, looks for solutions, and then persists in doing it.

2. People with poor grades may not be able to learn

Buffett’s junior high school transcript:

In terms of grades alone, Buffett in junior high school was definitely A proper "student". But we also know the later story. He entered Wharton Business School, studied under Graham, and counterattacked to become a college champion. So people with poor grades must not learn?

The answer is obviously no.

In fact, let’s take a look at a few examples first:

Qian Zhongshu scored 100 points in foreign languages ??and 15 points in mathematics;

Zang Kejia had excellent literature and 0 points in mathematics;

Jack Ma is excellent in English and has a score of 1 in mathematics;

...

There are many popular examples, which actually illustrate one fact: grades can Reflect some problems, but not all problems. Many people who are partial to subjects often have one of their own strengths, and the areas they are good at are often the areas they are most interested in.

Buffett's strength is investment, which is also the field in which he is most interested, so he is willing to spend a lot of time learning knowledge in this field and reading books in this field. Therefore, it is not enough to measure a person only by his or her grades, and it is even more impossible to measure a person's grades by his or her junior high school grades. Academic performance is not equal to learning ability.

Especially after graduation and entering society, many people seem to get rid of study as soon as they get rid of test scores. In fact, it is precisely after graduation that our learning really begins. The school is more like cultivating our learning ability, allowing us to understand various learning methods and learning approaches, and laying the foundation for lifelong learning after graduation. And reading is a good way to learn.

Buffett spends up to 6 hours a day reading, covering company financial reports, news, books, etc.

Therefore, people with poor grades may not be able to learn, but people who don’t like reading must not be qualified learners.

3. People who can make money must keep money

Buffett’s fame comes from his investment success. Anyone who studies investment knows that investment, like starting a business, requires original capital.

In fact, it means that the more original capital, the faster and more wealth will grow.

Buffett was born during the Great Depression, and his family was not particularly wealthy. He started selling chewing gum door-to-door at the age of 6, and later sold Coca-Cola, golf balls, popcorn, newspapers and other items, accumulating his wealth penny by penny. Only with this money can he have the funds to buy stocks of companies he is optimistic about.

When his wealth began to increase, Buffett did not change much in his life. He once joked: "If the company's stock price goes up today, I will buy the 4 yuan 2 package; if the stock price is not good, ha, then I will buy the 3 yuan 8 package." Use more of the money you save for investment , money will create greater value.

If you just stick to your dead salary and a meager fixed salary, you will never be able to achieve financial freedom. Of course, we may not necessarily be able to make money like Buffett, but there are three things we can do:

1) Accumulate our own original capital. Whether you are working part-time or living frugally, it is best not to "operate with debt". Only with your own start-up capital can you have the capital to start a business and invest.

2) Pay attention to the power of compound interest. Maybe you just buy one more piece of clothing or eat one more big meal, every day, every month. Making more money means spending more money. Then the income and expenditure are still the same, and you lose the opportunity to add value.

3) Start a business as early as possible. When you are young, you can try different industries to better explore your interests and find a career you want to pursue for life. Even if you fail, you will have the opportunity to start over. The older you are, the greater the risk of change.

Even Buffett has experienced failure, pain, and confusion. But he did what most ordinary people couldn't do - persist. Keep working to make money, keep reading, keep researching companies, keep being frugal, and keep challenging yourself.

If you and I can have such ordinary perseverance, we will definitely become extraordinary people!