Focus of what you want, invest in yourself via a course and work towards monetizing it.

For years he has beaten the S&P 500 Index consistently. Since 1965, S&P 500 delivered an overall gain of over 7,400% and Warren Buffett delivered an overall gain of 586,817% in the same period.

“The man who does not read has no advantage over a man who cannot read” – Mark Twain

Understand that 75% of self-made millionaires report reading at least 2 books a month. And, Warren too showed tremendous inclination towards reading since early childhood.

“Never in the history of the United has the time been so favorable for a man with small capital to start his own business as it is today, but,” It continued, “you cannot possible succeed until you start!”

“The way to begin making money is to begin…Hundreds and thousands of people in this country who would like to make a lot of money, but are not making it because they are waiting for something to happen.”

“Intelligent Investor” written by what he considers his “Mentor”, Benjamin Graham. Published in 1949, it is still a practical counsel for all types of investors including the cautious (“defensive”) or the aggressive (“speculative”). The book destroyed the principals of Wall Street and states that Wall Street operates on speculation and market on rational and mathematics.

• Note: Todo

If a great person has experienced and amassed enormous knowledge, he will most probably write it through a book.

“The stimuli that are created while you are engaged in a reading process are almost similar to that of the real world experiences and it is as if you are experiencing those moments” This is the reason it is said that that people who read become instantly wiser not because they know what to do, but more because they know – what not to do!

Warren has several times mentioned that “you hit your short term or long term goal easily by ensuring you are NOT doing a wrong thing!”

“In a six-month daily reading program from Carnegie Mellon, scientists discovered that the volume of white matter in the language area of the brain actually increased”

“Compound interest is the 8th wonder of the world. He, who understands it, earns it … he who doesn’t … pays it.”

Warren advises that for lay people who do not understand to invest or do not have the time for researching stocks, they should invest in Index Funds, the funds that mimic the overall market or a set of representative stocks and not one particular stock. By investing this way you mitigate the concentrate risk of picking and investing only in one stock.

Just keep on investing a fixed amount of sum into it each month and forget about it. The portfolio keeps building up.

stay away from noise and find your own voice!

“The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.”  - Warren Buffett

“I feel like I’m on my back, and there is Sistine Chapel, and I’m painting away. I like it when people say, “Gee, that’s a pretty good-looking painting”. But it’s my painting, and when somebody says, “why don’t you use more red instead of blue? I would say Good bye. It’s my painting! And I don’t care what they sell it for. The painting itself will never be finished. That’s one of the great things about it.” “The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard. I always pose it this way. I say,” look it: Would you rather be the world’s greatest lover, but have everyone think you’re the world’s worst lover? Or would you rather be worst lover but have everyone think you’re the world’s greatest lover?” Now, that’s an interesting question” “Here’s another one. If the world couldn’t see your results, would you rather be thought of as the world’s greatest investor but in reality have the world’s worst record? Or be thought as the world’s worst investor when you were actually the best? “In teaching your kids, I think the lesson they’re learning at a very, very early age is what their parents put the emphasis on. If all the emphasis is one what the world’s going to think about you, forgetting about how you really behave, you will wind up with an Outer Scorecard. Now, my dad: He was a hundred present Inner Scorecard guy”

Warren further says, doing a job that you don’t like is like saving up sex for your old age.

Invest in yourself - Pay yourself first!

The investment that supersedes all others is the investment in YOU. The benefits are life-long, these are not taxed and inflation free so they always increase in the value.

Lord Buddha, the enlightened one said, “To keep the body in good health is a duty… otherwise we shall not be able to keep our mind strong and clear”.

The Trick –Paradox of too many choices! Research has indicated that increasing the number of choices simply increases our negative emotions because our sense of opportunity cost increases. For those who don’t understand economics, opportunity cost is the cost of a lost opportunity when you select one thing and give up another. The value of that lost opportunity that you intentionally gave up, by selecting the other one is an opportunity cost. So, when you look at 100 items at the same time, it’s very difficult for the human brain to select 1.

don’t expose yourself to multiple choices, will end up in doing nothing.

“The difference between successful people and really successful people is that really successful people say “NO” to almost everything”.

There are 1440 minutes in a day and that’s all you get to make a difference. Relentless focus demands a strict “NO” for anything that is not among the “5 goals” set from the above mentioned technique in the lesson.

Understand one thing that you cannot keep everyone happy all the time. You have to manage your growth and the world will pose its own problem as “yours” to eat your time.

Focus on the top 5 goals and make every minute out of 1440 count.

action always beats inaction.

Only 2 things matter to get any desired result. Willingness to do and action.

80% of results come from 20% of the effort. That’s the Pareto principle as we know.