How Warren Buffet build wealth by investing?

HabiebRiziq

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Quote from: aioc on January 13, 2020, 07:34:26 AM

Quote from: jameshugo17 on January 13, 2020, 05:56:04 AM

We need to create a constant income gate. This may be possible with investment. People can't work all the time. When they get older, they need to create enough capital for them. An accurate investment plan can provide us with this.

And Bitcoin and Cryptocurrency is one investment that you cannot afford to miss, so many people have made a huge and continuous profit from trading Bitcoin, it is now listed as the most profitable stocks in the world and the data in the coinmarketcap can prove that.

Yup, many people have benefited from cryptocurrency and we can see in 2017 that bitcoin as well as all the coins in cryptocurrency become very profitable and that it cannot be denied and for now everyone still believes that bitcoin will continue to surge and provide a large profit or return later so that many people will choose bitcoin as their investment.

breathlessz

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Quote from: bangjoe on January 14, 2020, 09:58:11 AM

Quote from: minairia3 on January 13, 2020, 07:59:38 AM

Almost all users who have a rich status came from a poverty life and this is what amaze me by these kind of people. Warren Buffet is one of the famous investor who became a legend in stock market as his rule is invest and put your money into different basket. He is not scared whether the market is down hence buying more stocks with cheap prices. See how the result in the end as he has patience with market. Boom, easily become a billionaire.

I believe everyone has a turning point in their own lives, always doing research and increasing the portion of work, mistakes certainly happen but don't just stop for stupid reasons. Warren Buffet at first was not too poor, his father was a member of Congress, but what is exemplary is his perseverance to never stop believing in something and is always done with hard work, we also have the same opportunities, and need to equate thinking about diversification even in the crypto space.

I think his expertise in investing is not obtained instantly, he is committed to buying when many people sell and sell when many people buy and leave the market before the peak occurs. of course it's easy to say, but if you learn of course we will encounter many obstacles

antsam

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Quote from: Doell on January 11, 2020, 03:49:33 AM

Quote from: antsam on January 11, 2020, 03:32:53 AM

He is a human being born with a business spirit, because he can see opportunities, take advantage of the momentum and dare to take risks that not everyone has and dare to do

he is a person has a high passion for success ,knowledge in initial business of trading newspaper that made him aware to save money ,as usual the difficulties in childhood make someone have a greater desire for success in contrast to people who are always happy in childhood ,dare to take risks but with careful calculation with real investment of course not haphazard investment analysis needed

It seems like he was born to be a millionaire, we need to learn a lot from his success. Maybe at the time it was a stock, why don't we adopt it on the blockchain

bangjoe

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Quote from: minairia3 on January 13, 2020, 07:59:38 AM

Almost all users who have a rich status came from a poverty life and this is what amaze me by these kind of people. Warren Buffet is one of the famous investor who became a legend in stock market as his rule is invest and put your money into different basket. He is not scared whether the market is down hence buying more stocks with cheap prices. See how the result in the end as he has patience with market. Boom, easily become a billionaire.

I believe everyone has a turning point in their own lives, always doing research and increasing the portion of work, mistakes certainly happen but don't just stop for stupid reasons. Warren Buffet at first was not too poor, his father was a member of Congress, but what is exemplary is his perseverance to never stop believing in something and is always done with hard work, we also have the same opportunities, and need to equate thinking about diversification even in the crypto space.

tabas

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No doubt that he's a legend in investing and also a hardworking person when he was a kid. The life story of successful people like him is motivating a lot of people to get out of poverty through working wise and smart.
I can't reach what he has reached but at least I'm hoping that I can have a decent life by investing to bitcoin which he is against of.

el kaka22

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I think people are forgetting the fact that it has been around 60 years since he started. Don't get me wrong dude is one of the best investors out there in the world, not one of the actually, he is THE best investor ever however when you see insane numbers like billions of dollars realize that dude didn't get there over night, it took him 60 years to reach there, so if you are trying to be like him and see that you are not becoming that rich in few years I am sorry but you will never be like him.

Dude had the chance to be a full-time investor at a very very early age and thanks to that only focused on getting richer and richer, not that you can do the same and become as big as him but if we all had the money to become full-time investors, some of us would had millions of dollars in our bank accounts as well instead of couple thousand.

minairia3

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Almost all users who have a rich status came from a poverty life and this is what amaze me by these kind of people. Warren Buffet is one of the famous investor who became a legend in stock market as his rule is invest and put your money into different basket. He is not scared whether the market is down hence buying more stocks with cheap prices. See how the result in the end as he has patience with market. Boom, easily become a billionaire.

aioc

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Quote from: jameshugo17 on January 13, 2020, 05:56:04 AM

We need to create a constant income gate. This may be possible with investment. People can't work all the time. When they get older, they need to create enough capital for them. An accurate investment plan can provide us with this.

And Bitcoin and Cryptocurrency is one investment that you cannot afford to miss, so many people have made a huge and continuous profit from trading Bitcoin, it is now listed as the most profitable stocks in the world and the data in the coinmarketcap can prove that.

Obito

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That is why I have high hopes for people who knew life at bottom. They knew how tough life is, from providing neccessities up to living for a day with a few food to eat. That is why when they reach peak they knew already how not to take something for granted for its importance and how hard to obtain such thing. I am looking forward for this man, he got me inspired.

jhonjhon

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Most of the successful businessman comes from unfortunate family and they experienced the toughest times growing up and it is just amazing that no matter how tough life to them they didn't stop until they reach their goal and become as successful as they are now. They are a good inspiration to us not to give up in tough times, we should use it to become better and everything is possible if you yourself if dedicated and committed to the goal that you set to your self. Investing can be a very risky move to take but if done correctly then it will reward big as well that is why before investing you should invest in something that is worthy of your hard work and effort. To become successful in investing being smart in choosing an investment pays off.

Dart18

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Those who lived in an ordinary family (mostly the poor) are the ones who have the will to get to the top.
Most stories of billionaires are like this.
No inheritance but just pure effort and hard work.

We can list all those names but it might fill this whole comment box.
It is just plain and simple.
They know how to live when they fall and that is why they are not afraid to risk it all.

jameshugo17

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We need to create a constant income gate. This may be possible with investment. People can't work all the time. When they get older, they need to create enough capital for them. An accurate investment plan can provide us with this.

Aabcde

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For me achieving success must start from an early age, because going there is not a short and easy path.
Sometimes people are ashamed to start with something as small as selling door-to-door, even though in that way the universe sees your hard work and one day will achieve something unexpected.
When you already have enough funds to invest in something bigger, don't forget the strategies and knowledge you have learned.

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Quote from: semobo on January 12, 2020, 02:03:16 PM

Quote from: ChrisPop on January 12, 2020, 01:53:03 PM

It takes certain skills and mental capabilities to become even close to Buffett. First of all it takes dedication, drive and strong work ethic. You can't go out and have drinks every weekend with your friends. Sometimes you will have to dump sleep in order to bring your work to completion. It's not easy, but it can be done.

Buffett's way was value investing - he had a thorough understanding of the financial markets and knew how to read financial statements. That made his KO bet a huge winner and launched him to who is today. I recommend everyone interesting in building wealth to read his biography.

Too much of work pressure also results in stress so better live balanced life while investing.Maybe we can't see another warren buffet since the things were changed from his time period and now so following his investment plans may not work anymore.

He is a lucky person who are investing in the right company. if he was doing it wrong by investing in the crap company and he will not become so big as now. There will be no another warren buffet but there will be a lot of chance if the next guy with the same luck will appear in the future. When we are talking about the old generation and they are all getting so luckiest caused by so many major companies are having very small valuation while right now they are having very big valuation that gives no chance for us to invest or make our money to get a lot of their stocks as their stocks were so expensive.
Investing is about how you can see the future of company.

flagpara

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Quote from: Prateek_sharma on January 11, 2020, 01:41:14 AM

Warren Buffet. Warren is a self-made billionaire and is one of the most respected men in the business world. The legendary investor is the current chairman and CEO of Berkshire Hathaway.

Like many other famous people, his childhood was pretty tough. He used to sell cold drinks and chewing gums from door to door. Warren Buffet also sold newspapers and worked in grocery stores.
Here: https://coinpedia.org/enterpreneurs/life-story-of-legendary-investor-warren-buffet/

What's your point of view on this?

This isn't part of altcoins discussion. My point of view is you should ready to tolerate and take pain from life. Never lost your trust on who created you. By patient you can change you whole life. Warren Buffet was a good example but more good example still has and running in our world.

aamirsuh

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By investing in only one altcoin, you will not be very rich. It's hard to make it happen in a year. People who invested in Bitcoin waited seven years to get rich. Remember the summit in 2017. These riches are probably the ones that have to wait for years.

bittraffic

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We've heard a lot about him, even my brother quotes him when I we discussed about investing like when there is blood on the street, invest invest and invest. I'm not sure if it comes from Warren but my brother said so. But Warren Buffet however isn't a bitcoin holder. He even spread lies about bitcoin as far as I know. In crypto he is irrelevant.

jameshugo17

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There's an alleged promise Warren made. You should find a system that will save you money when you sleep at night. This is a nice word, but it's a problem. How will we build such a system. We can catch it with interest. I dont want this. I think it makes more sense to invest in production tools.

sorrros

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And he started with few dollars, just like us. A good example that even you don´t have enough money, but you invest at the beginning of something big you can gain a huge profit!

nicolas1979

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This is what we call " born to investment ", we can learn many thing from his journey built wealth by investing. From the story we can see he has vision and and built strategy to realize his vision. Meaning he has goal ( target ) and do what he can with innovation idea to get best result, not better result. His target sometimes not realistic because when speak about greedy he always say greedy is the best weapon to get profit and patient is the best way for loss. Warren Buffet has different mindset and he try to innovate, not push his dream into market. Copying this person is really hard but I admire his brilliant strategy concept.

Topic: How Warren Buffet build wealth by investing? (Read 500 times)