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5 Lessons We Can All Learn From the Life of Warren Buffett

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Of all billionaires and successful business people, Warren Buffet remains my favorite. Not only is he witty and sharp-minded but, Buffet is also very insightful. He reads a lot and above all that, he knows how to enjoy life from his famous junk-food diet to the old house he still lives in today.

Check out the video below! Here are some of my favorite lessons that I’ve learned from Warren Buffett:

1. It`s all about how you present it

Many believe Buffett is one of the greatest thought leaders in the past 100 years and he’s also known for being a great public speaker. But things weren’t always this way. For more than twenty years, Buffett couldn`t even say his name in public. In college, he selected the courses where he didn`t have to stand up in front of the class and even the mere idea of giving a presentation made him throw up. But he finally found his courage and took a public speaking course, then a teaching job to hone those skills and build mastery.

In his interviews,  Buffet attributes most of his business success to his presentation skills. He believes that regardless of what you do, you must build good communication skills or people won`t follow you.

He values the public speaking course he took at the Carnegie Institute so much that he hangs that certificate on his office wall instead of his Diplomas from both Colombia and the University of Nebraska. He also believes he wouldn`t have persuaded the love of his life to marry him if it wasn`t for that course on public speaking.

“In graduate school, you learn all this complicated stuff, but what’s really essential is being able to get others to follow your ideas.” – Warren Buffett

2. Follow the right people

If you want a shortcut to learning or becoming anything then what you should do is surround yourself with what Buffett calls “High-grade people,” or those who are better than you are. Before you know it, you will soak up their good skills and end up behaving similarly to them, which is good if you`ve picked the right people to follow.

One of Buffett`s smart shortcuts is to pay for tutoring. Yes, self-tutoring is cheap. In fact, it was common among Greek debaters to spend years studying rhetoric in solitary before returning to Athens. But this doesn`t normally work with all people. You may waste a year figuring out something an expert would`ve taught you in a month or even a week. Besides, paying a tutor will force you to commit, attend all lessons and do your homework which is exactly what you need to learn a skill.

According to Buffett, he spent years trying to learn public speaking and failed. It`s only when he paid for the entire course in advance he was able to commit and learn what he believes to be the most valuable skill a businessman can have.

3. Stick to your circle of competence

Buffett admits he`s only great at evaluating businesses. Not even all of them, only the ones he can comprehend. Early on, he noticed that along with his emotional stability, he had a unique way of evaluating investment opportunities so he honed that skill, became a master at it and made a fortune. And he urges you to do the same. Instead of trying to be good at all things, try to be great at one thing and give it all you`ve got. It`s better to be known for one thing than nothing.

4. Change the way you see setbacks

You will make mistakes, probably lots of them, as long as you choose to swing for the fences. Buffett believes you can do well if you program your mind to see opportunities in every setback. When he was rejected by Harvard, it was a huge disappointment for him and his father who thought a great deal of his son.

Buffett was devastated but the young man pulled himself together and began to investigate other schools until he discovered that Benjamin Graham, whom he was really fond of, was teaching at Colombia. So he applied there, got accepted and met with Graham who became a major influence in his life and taught him everything he knew about investing.

“I always knew I was going to be rich. I don’t think I ever doubtet it for a minute.” – Warren Buffett

5. Treat your body like the only car you could have

If someone offered you the most expensive car in the world with a single condition that you never get another one, how will you treat this car? I guess you`ll treat it like one of your kids, if not better. With this analogy in mind, Buffett urges you to treat your body and mind the same way you treat your one, and only car. If you don’t take care of your mind and body now, by the time you are forty or fifty you’ll be like a car that can’t go anywhere.

What is your favorite thing you have learned from Warren Buffett? Please leave your comments below!

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Life

How Learning the Skill of Hope Can Change Everything

Hope isn’t wishful thinking. It’s a state of being and a skill that has profound evidence of helping people achieve success in life

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Hope as a skill
Image Credit: Midjourney

Hope isn’t wishful thinking. It’s a state of being and a skill that has profound evidence of helping people achieve success in life.

Wishful thinking, on the other hand, is like having dreams in the sky without a ladder to climb, having a destination without a map, or trying to operate a jet-engine airplane without instructions. It sounds nice but is impossible to realize. You don’t have what you need to make it happen!

What Real Hope Is

Real hope is actionable, practical, and realistic. Better yet, it’s feasible and can be learned.

One popular approach is Hope Theory. This concept is used by colleges to study how hope impacts students’ academic performance. Researchers found that students with high levels of hope achieve better grades and are more likely to graduate compared to those with less hope.

Hope can be broken down into two components:

  1. Pathways – The “how to” of hope. This is where people think of and establish plans for achieving their goals.
  2. Agency – The “I can” of hope. This is the belief that the person can accomplish their goals.

Does Hope Really Work?

According to Webster’s Dictionary, hope as a noun is defined as: “desire accompanied by expectation of or belief in fulfillment.”

As humans, we are wired to crave fulfillment. We have the ability to envision it and, through hope, make it a reality.

My Experience with Hope

For 13 years, I was a hopeless human. During my time working at a luxury hotel as a front desk agent earning $11.42 per hour, I felt the sting of hopelessness the most.

The regret of feeling my time was being stolen from me lingered every time I clocked in. Eventually, I decided to do something about it.

I gave myself permission to hope for something better. I began establishing pathways to success and regained agency by learning from self-help books and seeking mentorship.

Because I took action toward something I desired, I now feel more hope and joy than I ever felt hopelessness. Hope changed me.

Hope Actually Improves Your Life

Wishful thinking doesn’t work, and false hope is equally ineffective. Real hope, however, is directly tied to success in all areas of life.

Studies show that hopeful people tend to:

  • Demonstrate better problem-solving skills
  • Cultivate healthier relationships
  • Maintain stronger motivation to achieve goals
  • Exhibit better work ethic
  • Have a positive outlook on life

These benefits can impact work life, family life, habit-building, mental health, physical health, and spiritual practice. Imagine how much better your life could be by applying real hope to all these areas.

How to Develop the Skill to Hope

As acclaimed French writer Jean Giono wrote in The Man Who Planted Trees:
“There are also times in life when a person has to rush off in pursuit of hopefulness.”

If you are at one of those times, here are ways to develop the skill to hope:

1. Dream Again

To cultivate hope, you need to believe in its possibility. Start by:

  • Reflecting on what you’re passionate about, your values, and what you want to achieve.
  • Writing your dreams down, sharing them with someone encouraging, or saying them out loud.
  • Creating a vision board to make your dreams feel more tangible.

Dreams are the foundation of hope—they give you something meaningful to aspire toward.

2. Create an Environment of Hope

  • Set Goals: Write down your goals and create a plan to achieve them.
  • Visualize Success: Use inspirational quotes, photos, or tools like dumbbells or canvases to remind yourself of your goals.
  • Build a Resource Library: Collect books, eBooks, or audiobooks about hope and success to inspire you.

An environment that fosters hope will keep you motivated, resilient, and focused.

3. Face the Challenges

Don’t avoid challenges—overcoming them builds confidence. Participating in challenging activities, like strategic games, can enhance your problem-solving skills and reinforce hope.

4. Commit to Wisdom

Seek wisdom from those who have achieved what you aspire to. Whether through books, blogs, or social media platforms, learn from their journeys. Wisdom provides the foundation for real, actionable hope.

5. Take Note of Small Wins

Reflecting on past victories can fuel your hope for the future. Ask yourself:

  • What challenges have I already overcome?
  • How did I feel when I succeeded?

By remembering those feelings of happiness, relief, or satisfaction, your brain will naturally adopt a more hopeful mindset.

Conclusion

Hope is more than wishful thinking—it’s a powerful skill that can transform your life. By dreaming again, creating a hopeful environment, facing challenges, seeking wisdom, and celebrating small wins, you can develop the real hope necessary for success in all aspects of life.

Let hope guide you toward a brighter, more fulfilling future.

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Life

The 5 Stages of a Quarter-Life Crisis & What You Can Do

A quarter-life crisis isn’t a sign you’ve lost your way; it’s a sign you’re fighting for a life that’s truly yours.

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what is a quarter life crisis
Image Credit: Midjourney

The quarter-life crisis is a well-defined set of stages—Trapped, Checking Out, Separation, Exploration, Rebuilding—one goes through in breaking free from feelings of meaninglessness, lack of fulfillment, and misalignment with purpose. I detail the stages and interweave my story below. (more…)

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Life

Here’s The Thing About Learning, Unlearning, and Relearning

Stop hoarding and start sharing your knowledge and wealth for the benefit of humankind

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sharing your knowledge
Image Credit: Midjourney

Few people have the habit of hoarding their wealth without spending.  However, it limits their motivation as they tend to get into their comfort zones.  When people start spending money, then there will be depletion in their coffers. (more…)

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Life

3 Steps That’ll Help You Take Back Control of Your Life Immediately

The key to finding “enough” is recognizing that the root of the problem is a question of self-esteem and deservedness

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How to build self worth
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“It’s never enough.” (more…)

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