Warren Buffett's 10 Ways To Get Rich

#1

Post by donna » Thu, Nov 27, 2008, 5:34 PM UTC

Warren Buffett's 10 Ways To Get Rich
warrenbuffett.com

Re: Warren Buffett's 10 Ways To Get Rich

#2

Post by slater » Thu, Nov 27, 2008, 6:00 PM UTC

why is this typo-riddled article, full of "folksy" tales, on the front page? "save money and reinvest profits"? is that so, cap'n obvious? :D

Re: Warren Buffett's 10 Ways To Get Rich

#3

Post by petercooper » Thu, Nov 27, 2008, 6:14 PM UTC

Just to note, warrenbuffett.com is not an official Warren Buffett site. The front page does say this - but this article does not. This doesn't detract from the article's quality - just the provenance of this copy.

Re: Warren Buffett's 10 Ways To Get Rich

#4

Post by markessien » Thu, Nov 27, 2008, 6:27 PM UTC

slater wrote: post #2

why is this typo-riddled article, full of "folksy" tales, on the front page? "save money and reinvest profits"? is that so, cap'n obvious? :D

It's not obvious. Most of the people on this site, if they sold their website or whatever project for 100.000, will blow at least 20.000 on pointless stuff.

Re: Warren Buffett's 10 Ways To Get Rich

#5

Post by wonka » Thu, Nov 27, 2008, 7:18 PM UTC

why dont you just save money thats what i do

Re: Warren Buffett's 10 Ways To Get Rich

#6

Post by cool-RR » Thu, Nov 27, 2008, 7:52 PM UTC

This is his number five:

"5. Watch Small Expenses: Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was)."

Do you believe in this? I totally don't. I think it's bullcrap. Anyone cares to prove me wrong?

Re: Warren Buffett's 10 Ways To Get Rich

#7

Post by j2d2 » Thu, Nov 27, 2008, 7:58 PM UTC

This kind of article would be appropriate for newmogul.com also. Which is run by nickb.

Re: Warren Buffett's 10 Ways To Get Rich

#8

Post by prakash » Thu, Nov 27, 2008, 8:28 PM UTC

#11: Listen to your own advice and not speculate in derivatives

(re: http://blogs.moneycentral.msn.com/topstocks/archive/2008/11/...)

Re: Warren Buffett's 10 Ways To Get Rich

#9

Post by truebosko » Thu, Nov 27, 2008, 9:22 PM UTC

I think "10. Know What Success Really Means" is awesome. Truly shows what a man he is.

Re: Warren Buffett's 10 Ways To Get Rich

#10

Post by zasz » Thu, Nov 27, 2008, 10:18 PM UTC

markessien wrote: post #4

slater wrote: post #2

why is this typo-riddled article, full of "folksy" tales, on the front page? "save money and reinvest profits"? is that so, cap'n obvious? :D

It's not obvious. Most of the people on this site, if they sold their website or whatever project for 100.000, will blow at least 20.000 on pointless stuff.

I think it is pretty obvious; it's just not easy to restrain yourself from the temptation of getting a new toy, and it's too easy to rationalize why it's not necessary to save right now.