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Warren Buffett Life And Lessons 

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The world’s second richest person and one of the most successful entrepreneurs in the world, Warren Buffett, has been a source of inspiration for entrepreneurs and venture capitalist everywhere. With a net worth of more than $90 billion, Warren Buffett is also known as the investment guru who still rides the same gold Cadillac to work every day, eats the same meal and takes every opportunity to offer his wisdom to others. The Oracle of Omaha, the Maestro of Wall Street and the Chairman and Founder of Berkshire Hathaway, Warren Buffett is a gentleman of ideas with a splendid personality. Here are a few life lessons from the greatest investment wizard of the century. It’s not enough to surround yourself with people working in the same industry or market. Surround yourself with those people who will help you become a better person and a great entrepreneur. While money can buy you almost everything, it can not buy people who will love your or good health. Build relationships and health, not just a bank balance. The only way to make sure you are growing and learning every day is by keeping up the practice of reading. There is no substitute for knowledge at the end of the day. Buffett is known for backing an idea and not the people behind the idea. He has also added that he would rather buy a wonderful company at a fair price than buy a fair company at a wonderful price. Market your company to get the best value for the best price possible. If you can provide a valuable product, customers will remain loyal to your company for a longer period of time. Learn from your mistakes. See what you did previously and how those decisions affected your business. Never repeat the same mistakes again and keep your rear view mirror clean at all times. Never lose sight of your dreams, Have complete faith in your ability to achieve your dreams despite what happens and work hard to achieve your goals. Once you have started your journey, nobody can stop you from reaching your destination. Everyone has role models that they look up to in life. However, having the right role models is much more important than just having someone to look up to or admire. You do not have to be the smartest entrepreneur or the smartest person in the room. You can run a successful company if you avoid simple mistakes and make the right decisions for yourself and your company at the right time. All it takes are a few right decisions. Save money where you can and keep a track of your expenses. Do not be in a hurry to buy things that are not essential and you can live without. Resist the urge to buy everything that is trending today. Warren Buffett is proof that everything is achievable in life as long as you are persistent, keep the right company and keep up your good work. Buffett has always shown fortitude in the face of adversity and believes in doing what is right regardless of the upheavals in the business world. In the end, he believes life is too short and therefore we should all spend our time and effort on work we love. Watch this motivational speech by the Oracle of Omaha, Warren Buffett.

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Entrepreneur Stories

Warren Buffett Most Inspiring Quotes

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The fourth richest man in the world, Warren Buffett is one of the greatest businessmen and investors of all time.  Known for succeeding in everything at which he tried his hands, Warren Buffett is an inspiration to many. Here are the 10 most inspiring quotes by the “Oracle of Omaha.”

 

Most inspiring quotes by Warren Buffett

1) About passion

2) About happiness

3) About expectations

4) About success

5) About spending

6) About the important rules of life

 

7) About reputation

 

8) About doing good

 

9) About investment

 

10) About greed and fear

 

From being a paper delivery boy, to becoming one of the richest men in the world, Warren Buffett is an absolutely inspirational figure.

 

Comment below and let us know which of these quotes by Warren Buffett inspired you the most. 

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First Jobs Of Famous Billionaires

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The success stories of many billionaires around the world inspire many people of our generation and have, on several occasions, ignited a desire in many to start their own business.  However, many of these successful people began their career by working ordinary jobs. Let’s look at 5 such successful people, who started their career by working some very ordinary jobs.

 

First jobs of famous billionaires

1) Warren Buffett

Warren Buffett is the CEO of Berkshire Hathaway and is often referred to as the “Oracle of Omaha.”  However, this American business magnate started his career by selling Coca-Cola bottles, chewing gum and magazines door-to-door.  At the age of 13, he became a newspaper delivery boy and made $ 175 a month, delivering The Washington Post.  He continued to look for other business ventures and accumulated savings of $ 9,800 by the time he finished college.  Now, with a net worth of $ 82 billion, he is the fourth richest person in the world.

2) Michael Bloomberg 

Michael Bloomberg, who founded the financial, software, data and media company Bloomberg L.P., worked as a parking lot attendant when he was young.  Born to middle class parents, Bloomberg worked in a parking lot to pay his tuition fees in college and went on to graduate from Harvard Business School.  Now a well known philanthropist, Michael Bloomberg is one of the richest people in America, with a net worth of $ 53.5 billion.

3) Oprah Winfrey

Oprah Winfrey is a well known media mogul and entrepreneur, who worked as a grocery store clerk in Nashville to support herself.  She then landed a job in radio at the age of 16 and worked her way to the top, eventually owning her own production company. Now, with a net worth of $ 2.6 billion, she is considered one of the most influential women in the world and is a source of inspiration to many.

4) Li Ka Shing

Li Ka Shing was the former chairperson of CK Hutchison Holdings and CK Asset Holdings and is one of the most influential entrepreneurs in Asia.  Coming from a poor family, he started his career as an apprentice at a watch strap factory when he was 13 years old and at the age of 19, became the general manager of the factory.  He later started his own plastic manufacturing company and used the profits from the company to invest in real estate. Li slowly worked his way up the ladder of success and is now one of the richest people in Hong Kong, with a net worth of $ 27.1 billion. 

5) Mark Cuban

Mark Cuban is an American Shark Tank investor, co founder of Broadcast.com and owner of the American basketball team Dallas Mavericks.  Cuban began working at the age of 12 as a door to door garbage bag salesman. After graduating college, he worked as a bartender and then as a salesman for a software company.  He started his own company, Broadcast.com, after getting fired from his job and now has a net worth of $ 4.1 billion.

 

It is true, starting at the bottom does not guarantee success.  However, if you find your passion and work hard towards it, nothing is impossible, as the aforementioned individuals proved.

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JRD Tata Unknown Facts

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Tata Group, which began in 1868, has had six chairmen until now.  Among the six men who served this renowned business group, there was one exceptional man who served as its chairman for 50 whole years and took the Company to great heights.  Yes, the man we are talking about is none other than Jehangir Ratanji Dadabhoy Tata, or JRD Tata.  

From starting India’s first ever international airline, to giving the Country one of its largest cosmetic brands (Lakmé,) this gentleman has done it all.  JRD Tata also strived his best to improve India’s economy on the whole. Here are some unknown facts about this exemplary industrialist. 

 

Unknown facts about JRD Tata

 

1) JRD Tata was born on 29th July, 1904 in Paris and had a French citizenship for a long time.  He even served as a part of the French Army for one year. 

2) In 1925, he entered the Tata Group as an unpaid apprentice. 

3) JRD Tata was always keen on flying and became India’s first licensed pilot in 1929.  

4) In 1929, JRD Tata also renounced his French citizenship and took up Indian citizenship. 

5) In 1934, JRD Tata was elected as the Chairman of the Tata Group.  He was only 30 years when he was elected for this position, making him the youngest person to head the Group. 

6) When he was appointed as the Chairman, the Tata Group had 14 companies under it.  JRD Tata expanded it to an empire of 95 companies in a span of 50 years. Some of the most renowned companies established by JRD Tata during his tenure as the Chairman include Tata Motors (1945,) Lakmé (1952,) Tata Tea Limited (1964,) Tata Consultancy Services (1968) and Titan Industries Limited (1987.) 

7) JRD Tata was the person who launched Air India International, India’s first ever international airline.  For this reason, he is also known as the ‘father of Indian aviation.’ 

8) JRD Tata was the man who initiated the ‘employee welfare schemes’ in India.  He is responsible for the 8 hour work day, free medical aid and the employee provident fund.  These principles were later adopted by the Indian Government. 

9) It is no surprise this man received several awards during his lifetime.  His awards include the Padma Vibhushan (1957) and the Bharat Ratna, India’s highest civilian award (1992.)

10) When JRD Tata died in November 1993, the Indian Parliament was adjourned in his honour. 

Which of these facts about JRD Tata surprised you the most?  Comment below and let us know. 

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