Warren Buffett Advice for Young People
Adam Rifkin stashed this in Warren Buffett
1. Find your passion.
"Never give up searching for the job that you’re passionate about," he says. "Try to find the job you’d have if you were independently rich. ... Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.”
2. Be careful who you look up to.
"If you tell me who your heroes are, I'll tell you how you're gonna turn out. It's really important in life to have the right heroes. I've been very lucky in that I've probably had a dozen or so major heroes. And none of them have ever let me down. You want to hang around with people that are better than you are. You will move in the direction of the crowd that you associate with."
3. Learn how to communicate effectively.
While he was getting his MBA from Columbia University, Buffett said that he was "terrified of public speaking," and signed up for a Dale Carnegie class, but changed his mind at the last minute. After graduating, Buffett saw the ad for the course again and decided to give it a second chance.
"I became associated with the 30 other people in the class. We couldn't stand up in front of a group and say our own name. I mean it was — we were — it was pathetic. But that class changed my life in a big way."
4. Develop healthy habits by studying people.
"Pick the person that has the right habits, that is cheerful, generous, gives other people credit for what they do. Look at all of the qualities that you admire in other people ... and say to yourself, 'Which of those qualities can't I have myself?' Because you determine whether you have them. And the truth is you can have all of them."
5. Learn how to say "no."
"You won't keep control of your time, unless you can say 'no.' You can't let other people set your agenda in life."
That last point is very important: DEFINE YOUR BOUNDARIES. LEARN TO SAY NO.