저자: 미상 · 외국인
요약 보기
워런 버핏의 짧은 클립을 바탕으로 한 투자·인생 교훈 정리 영상. 이력서보다 평판과 정직성(integrity)이 장기적으로 중요하다고 강조. 습관은 누적되며 좋은 습관과 나쁜 습관 모두 복리로 작동. 자신의 이해 범위(circle of competence) 안에서만 투자할 것, 싼 주식(담배꽁초 투자)보다 좋은 사업에 투자할 것, 펀치카드 사고방식으로 투자 결정을 신중히 할 것, 기업의 내재가치를 판단할 것, 기회비용(행동하지 않음의 후회)을 경계할 것, 기질(temperament)이 지능보다 중요하다는 점을 제시.
다듬은 글
Let's start with a question. If you had a chance to earn 10% of one person's salary for the rest of your life, which person would you choose ? Warren Buffett himself asked this question to people. Not a topper, not the most talented, but the most honest, general, dependable person. That's the Kind of Person Even Warren Buffett Would Invest In.
In today's video, let's unpack some solid life and investing lessons from a short clip in which Mr. Buffett talks about money but gives lifelong lessons. The link is in the description but let's look at the best takeaways: resume vs reputation. Nowadays everyone makes Reuve Strong. Every line carefully written every skill perfectly buzz word it.
But Mr. Buffett says one simple thing. You are building your own story. What type of person do you want to become so that the world considers you valuable in the long term? Degrees matter but habit patterns matter more. Things We Look Energy Look Integrity Devik Samity Quality Change the Way Change lot of what you wiring it the habits generate on those quality those negative quality I mean the person person always credit things Dev Cutorb Right Habits I mean the person who takes shortcuts everywhere, he eats the credit of others, he will cross this not once but again and again.
Resume gets you a job but reputation gets you compounding and this is what he stresses on. Integrity Agent. It's a good thing to be smart. Being energetic is even better. But what is the benefit of both? If the person is not trustworthy. Mr. Buffett says that if someone has intelligence and energy but no integrity, then that person will definitely harm you and will do it smartly.
Meaning, talent without trust is like a missile without direction. Be it hiring or friendship, it is of no use without integrity. He says it gets down to a much quality that interestingly inflicts football 60 seconds the best looking person the room. It's quality, commitment, integrity, it's being willing to do more than your share, it's just all two qualities are self- centered and this thing is not visible on the resume but in the eyes.
Habits Silent Builders Silent Killers Habits seem light at first. But those small things become permanent one day. And by the time one realises, the habit has already become a man. What he says is simple. The chasms of habit are too light to be felt until they are too heavy to be broken. And reading is one such habit which is bahut hai We read a lot We read daily publications We read weekly Monthly We read reports We read 10k We read 10l investment Business Business knowledge You learn 20 tweets You go around So either you design the habit or it will design you.
Circle of Confidence It is not necessary to learn everything in the world. But it is important that you know what learning is unnecessary for you. Buffett says you don't need to be an expert on everything. Just know your perimeter and stay within it. And if that circle is small then it will do, it should just be clear like chewing gum, they say internet may come, AI may come but people will keep chewing less, simple business zero confusion predictable money we have some don't think change to be think veer industry shaving industry candy business going to look 10 we think microsoft sensation company run by the best manager we don't have any look like these 20 same things change change dev technology going the art weave se nahi, understanding se paisa banata hai.
So before getting into any new trend, one should ask whether it is within my circle and understanding? Cigar Butt Investing Buffett had a famous investing strategy called cigar butt investing. This means that you invest in a cheap dead company. Just seeing some value in it. Buffer admitted that his biggest mistake was buying cheap stocks.
Just because they were cheap. I've been toying with things to buy on a quantitative basis. Look about things are cheap and I was 1949 They looking for I call cigarb star approach this looking sagi next looking one puff will give it's a mistake money it but you can make money so much just wonderfulness price price I was wasting working dubiousness compound vainness the time time is the friend of the wonderful business keep compounding keeps doing more business and keep making more money time is the enemy of the I could so liquidated it and made a quick profit one puff but stay with those kinds of businesses is a big mistake.
The right investment is not one that is cheap. He is the one who can create the future. Sometimes cheap doesn't mean value. It just means no one else wanted it. Therefore, understanding the business becomes very important. Punch Card Thinking Buffett says imagine if you had a punch card that allowed only 20 investments in life.
Now you will not trade on every tip, you will wait, think and confirm whether it is worth it or not? You be better off in school you get a punch card 20p big final financial decision punch you get rich because you think hard each sumdition if a particular market point get excited next you can make any money over time doing but if you have a punch card only 20 punches get another one in your life you think a long time before every investment decision and you would make good once and you make big once and you have problem punches in your life time when they do punch card mindset is simple.
Make decisions limited so that every decision is meaningful. Because if you invest in every small opportunity, you will be left with nothing. Therefore, every decision should be taken thoughtfully. Understanding the Intrinsic Value. Buffett views every business through the same lens. How much money will come, when will it come and how sure am I?
Be it a stock or a startup or a relationship. These three questions are enough. When I calculate value businesses, when we buy businesses and whether we are all businesses, a little piece of a business, I always think of buying the whole business because of the approach to it. I look at and say come this business and when and what you really like of course they to be able to use the money they earn and earn returns on goal.
I mean never distributed anything to shareholders but its ability to distribute goes up as the business increases we can compound internally but the real question is selling $5 billion now what can we distribute by the whole company $5 billion can we distribute enough cash to you soon enough to make returns so basically if the answer is fuzz skip clarity is equal to confidence is equal to returns.
Don't sell without a reason. Once you have invested, do not think of exiting on every correction. Buffett holds until management disappoints. Or the economic nature of the business should not change drastically. Trading may excite you, but investing requires patience and long- term thinking to build wealth.
Regret of inaction is more than action. There is regret for making a mistake, but the regret for not making a mistake and just sitting idle is even greater. Buffett says that some opportunities are clearly visible. They are inside the circle and yet we just keep watching. They overthink and get scared.
This is the mistake of omission which is not visible but hurts a lot. Version How Long You Have? Time has become the biggest mistake, actually don't show up mistakes since we never lost much money investing but it's the things I knew enough to do that I didn't do we have missed profits of as much you know may be $ billion dollars and things that I knew enough to do and I did do now the fact by Microsoft web back is not a forgotten opportunity because I did know enough to make that decision but there have been other investments I did know to make decision on small scale I was writing my thumb by cheque you know basically and you know don't show up there is no place missed opportunities but I have missed some big ones big ones don't come again and again in life so when you come then don't thumbs up and take the jump temperament matters more than talent you don't need 150 IQ to win in the market.
All you need is to be able to remain calm when everyone else is panicking. Buffett clearly says that brains don't make you rich. Temperament as Detachment, Objectivity, Patience. That sounds boring but that's the part to follow. And yes, when he was asked, What's the Secret to a Lasting Marriage, he said, Low Expectations.
Whether it's marriage or stock, if you want Firebx every quarter, it wo n't work long term. If you found this video useful, please like, share and comment. See you in the next video. Until then, keep your temperament balanced and make your portfolio thoughtful. I'll see you in the next one. Bye-bye bye. So
Comments 0