Yahoo! Finance: "Redefining personal finance for India's middle class" --> FREE Limited time offer: Sign Up Now
Career Development » Useful Websites and Blogs » Warren Buffett’s advice for 2009

1622 Views
  6 Replies

+2
Vote Vote
Warren Buffett’s advice for 2009
Senthil
Senthil Picture
249 Posts
back to top
Posted 12-03-2009Reply

We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.



Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older.



This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.



Hard work : All hard work bring 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.



Let us become wiser and lead a happy, healthy, prosperous and peaceful life.

Ramakrishna Varma
Ramakrishna Varma Picture
379 Posts
back to top
  Rated 0 | Posted 12-03-2009

Thank you so much Sanjay for sharing this master piece.

I admire Warren Buffet! His financial insights and wisdom are amazing!!

Senthil
Senthil Picture
249 Posts
back to top
  Rated 0 | Posted 13-03-2009

Thank you so much Sanjay for sharing this master piece.



I admire Warren Buffet! His ... See Ramakrishna Varma's complete reply


Thanks Ramakrishna.

Ragav.hr
Ragav.hr Picture
3 Posts
back to top
  Rated 0 | Posted 13-03-2009

Thank you so much for sharing this.

Senthil
Senthil Picture
249 Posts
back to top
  Rated 0 | Posted 13-03-2009

Thank you so much for sharing this.


My pleasure Ragav.

Rimi
Rimi Picture
110 Posts
back to top
  Rated 0 | Posted 14-03-2009

thanks for sharing this lovely topic sanjay

Senthil
Senthil Picture
249 Posts
back to top
  Rated 0 | Posted 14-03-2009

thanks for sharing this lovely topic sanjay


Thanks Rimi :-)

+2
Vote Vote
Lessnote

Recently in HR Forums

Hitesh posted a new forum topic in
06-04-2023
Arun posted a new forum topic in
15-02-2023
 
Recent (10) | HR | Both
HR | Both   1 of 10
23-09-2019
27-01-2018
27-01-2018
07-08-2017
26-05-2017
Arun
Arun
Read this topic:
Joke ####@@@####
26-05-2017
25-05-2017
03-04-2017
27-03-2017
27-03-2017