The Youth Brigade

30 Jan, 2009

Warren Buffet’s advice for 2009

Posted by: skprasad In: Uncategorized

Financial wisdom from the guru himself.

Hard work:  All hard work brings a profit, but mere talk leads only to poverty.

Laziness:  A sleeping lobster is carried away by the water current.

Earnings:  Never depend on a single source of income. [At least make your investments get you second earning].

Spending:  If you buy things you don't need, you'll soon sell things you need.
 
Savings:  Don't save what is left after spending; spend what is left after saving.

Borrowings:  The borrower becomes the lender's slave.

Accounting:  It's no use carrying an umbrella, if your shoes are leaking.

Auditing:  Beware of little expenses; a small leak can sink a large ship.

Risk-taking:  Never test the depth of the river with both feet. [Have an alternate plan ready].

Investment:  Don't put all your eggs in one basket.

“I’m certain that those who have already been practicing these principles remain financially healthy. I'm equally confident that those who resolve to start practicing these principles will quickly regain their financial health.” – Warren Buffet

Posted via email from A Poet & A Photographer

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • StumbleUpon
  • Google Bookmarks
  • Live
  • LinkedIn
  • TwitThis
  • Yahoo! Buzz
  • email

1 Response to "Warren Buffet’s advice for 2009"

1 | shuth

March 13th, 2009 at 1:08 pm

Avatar

may i know what his mean by.. “It’s no use carrying an umbrella, if your shoes are leaking.”

Comment Form

Categories

The Youth Brigade

About

This is an example of a WordPress page, you could edit this to put information about yourself or your site so readers know where you are coming from.