Recommendations for those wishing to get rich from investor Warren Buffett

1. Reinvest revenue

When you make your first big money, you’re tempted to spend it. Not do this. You better put it in a business that you think is profitable. I learned that early in high school. My friend and I bought a used pinball machine and installed it in the Barber shop. The money we have not spent, as would have done in our place ordinary teenagers, and began to buy other machines. By the age of 26, I had already $174,000, which is $1.4 million for modern money

2. Be ready to be different

Don’t make decisions based on what others say. When I started to manage money, having collected from several investors $100 000, I was called a crank and predicted me a failure. Continue reading →