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18/07/2018

3 Cựu Chủ tịch Fed đồng loạt cảnh báo về cuộc khủng hoảng kinh tế tồi tệ nhất từ trước đến nay

10 năm sau khi là những người chèo lái kinh tế Mỹ trong cơn bão gần nhất, Ben Bernanke, Timothy Geithner và Henry Paulson mới đây đã đồng loạt nêu lên những lo ngại về khả năng chống đỡ của nước Mỹ trước 1 cuộc khủng hoảng tài chính mới. 
Các nhà hoạch định chính sách đương nhiệm của Cục dự trữ liên bang Mỹ (Fed) đang tỏ ra tự tin rằng họ có những "vũ khí" cần thiết để chống đỡ với khủng hoảng tài chính. Tuy nhiên những người tiền nhiệm của họ lại không cho là như vậy.

10 năm sau khi là những người chèo lái kinh tế Mỹ trong cơn bão gần nhất, Ben Bernanke, Timothy Geithner và Henry Paulson mới đây đã đồng loạt nêu lên những lo ngại về khả năng chống đỡ của nước Mỹ trước 1 cuộc khủng hoảng tài chính mới. Mặc dù nhất trí rằng hệ thống ngân hàng giờ đã vững vàng hơn nhiều so với trước, họ cũng chỉ ra những điểm yếu không hề tồn tại cách đây 1 thập kỷ.

"Chúng ta đã có những công cụ tự vệ tốt hơn để chống lại những cú sốc mạnh hơn có thể xảy ra đối với nền kinh tế và hệ thống tài chính, nhưng trong trường hợp khủng hoảng xảy ra thì 1 hệ thống ít tự do hơn,bị kiểm soát nhiều hơn sẽ là lý tưởng hơn", cựu Bộ trưởng tài chính và cũng là cựu Chủ tịch Fed Timothy Geithner nói.

Trong cuộc khủng hoảng mới nhất, GDP của nước Mỹ sụp đổ trong khi tỷ lệ thất nghiệp tăng vọt.

Sau khủng hoảng tài chính 2008 đẩy nước Mỹ vào cuộc suy thoái tồi tệ nhất kể từ thời Đại khủng hoảng, nước Mỹ đã thực hiện nhiều cải cách. Một số được thiết kế để củng cố các ngân hàng lớn nhất và cho phép đóng cửa chúng dễ dàng hơn, tránh lặp lại kịch bản "too big too fail" và Chính phủ phải ra tay giải cứu. Một số khác lại theo hướng hạn chế quyền tự do làm theo ý mình của Fed, Bộ Tài chính và Cơ quan bảo hiểm tiền gửi liên bang (FDIC) trong việc hỗ trợ các định chế tài chính. Phó Chủ tịch Fed Randal Quarles hồi tháng 4 cũng thừa nhận rằng các công cụ mà Fed có thể sử dụng trong trường hợp khẩn cấp đã thay đổi.

Theo Geithner, người hiện đang là Chủ tịch của quỹ đầu tư tư nhân Warburg Pincus, trong cuộc khủng hoảng trước quyền hành động khẩn cấp của Fed đã tỏ ra hiệu quả và cần thiết. Ngày nay nó lại đang yếu đi. Trong khi đó, hai ông Paulson và Bernanke đặc biệt lưu ý đến những hạn chế mà Quốc hội Mỹ đã áp đặt lên FDIC và Quỹ bình ổn của Bộ Tài chính.

Ben Bernanke – người được bổ nhiệm bởi cựu Tổng thống George W.Bush và tiếp tục được cựu Tổng thống Barack Obama tín nhiệm – chỉ trích chương trình cắt giảm thuế và tăng chi tiêu mà Tổng thống Donald Trump và Quốc hội Mỹ đã thông qua là rất sai thời điểm. Theo ông, làm như vậy thâm hụt ngân sách tăng lên trong khi nước Mỹ đang ở trạng thái toàn dụng lao động. Những hệ lụy trong dài hạn từ việc nợ Chính phủ tăng lên nhanh chóng cũng là điều mà Bernanke lo ngại. Thâm hụt ngân sách và nợ tăng đồng nghĩa Chính phủ Mỹ có ít dư địa hơn để có thể kích cầu như đã làm trong cuộc khủng hoảng trước.

"Nếu như chúng ta không hành động, đây sẽ cuộc khủng hoảng kinh tế hoặc khủng hoảng tài khóa tồi tệ nhất mà chúng ta phải trải qua. Cuộc khủng hoảng này sẽ từ từ bóp nghẹt nước Mỹ", ông Paulson cũng đồng quan điểm.

Hiện tổng nợ liên bang đang ở mức 77% GDP, cao gấp đôi so với năm 2007.
Khả năng ứng phó của Fed cũng bị bó hẹp hơn trong bối cảnh lãi suất thấp như hiện nay. Mục tiêu lãi suất cơ bản đang ở mức 1,75 – 2%, so với mức 5,25% của tháng 7/2007.

Tuy nhiên ông Bernanke cũng nhận xét rằng Fed đang ở vị thế tốt hơn so với NHTW của các nền kinh tế phát triển khác. Ví dụ, NHTW châu Âu (ECB) còn đang để lãi suất 0%.

Các cựu Chủ tịch Fed đồng tình rằng Mỹ đã tiến bộ rất nhiều trong khả năng giải quyết các định chế tài chính sụp đổ mà không cần phải giải cứu như trong quá khứ. Tuy nhiên theo ông Paulson, điều quan trọng nhất khi khủng hoảng nổ ra là các nhà hoạch định chính sách phải có được sự hỗ trợ tạm thời để giải quyết vấn đề nhanh chóng, kể cả khi họ vấp phải những khó khăn về mặt chính trị.  

>> Dịch vụ Mua bán cổ phiếu - Tư vấn đầu tư - Ủy thác đầu tư

 Theo Trí thức trẻ/Bloomberg
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06/06/2018

How to Raise Your Kid to Be the Next Warren Buffett

 If you’re looking for a positive role model for your kid, Warren Buffett should be high on your list. The self-made billionaire’s net worth is now an astounding $67.6 billion as of this writing. To put that into perspective, the 84-year-old Oracle of Omaha could purchase over 384,900 homes at the current median sales price!

While it won’t be easy for your child to accumulate that kind of wealth, he can get started early by thinking like Buffett. Here are a few tips to get the ball rolling.

How to Teach Your Child to Be Like Warren Buffett

1. Be Proactive

Buffett didn’t get rich via luck. He got started early and worked at it every day.

The investing legend visited his father’s stock brokerage as a child and chalked up stock prices on the blackboard, according to Bio. He made his first investment at age 11.

By age 13, he started his own paperboy business and sold a horseracing tip sheet, filing his first tax return that year. And in high school, he and a friend bought a pinball machine business and ultimately sold it for $1,200.

To be like him, your child shouldn’t simply wait for that high-paying job to come along after college. He needs to think like an entrepreneur early on. A few business ideas to consider include:
  • Garage cleaning and organizing service
  • Senior errand service
  • Yard service

2. Set Goals

Based on Buffett’s philosophy, your child could develop several goals to improve his long-term financial prospects.

One goal could be to spend what’s left after saving — not the other way around. This means he should create a budget covering the necessities and determine how much of the remainder he wants to save. Anything left over after saving his weekly allowance or income from a part-time job could be spent on entertainment or other non-essentials.

Another could be to invest as early as possible. As mentioned, Buffett began investing at age 11 and his experience has obviously paid off. While there are no guarantees in the stock market, the historical average annual return is 11.5 percent. The earlier your child invests, the more exposure he’ll have to the stock market, which will likely lead to more wealth in the long run.

3. Practice Frugality

You’d think the world’s third richest man would live in a golden palace. However, Buffett lives in the same house he bought for $31,500 in 1958. It’s safe to say he could afford something much more luxurious today, but he chooses to live below his means.

According to Investopedia, Buffett does not bother accumulating unnecessary items, as he views the expense and maintenance of such items as a burden. So if you want your child to have more wealth than he could imagine when he’s an adult, teach him to avoid wasting money now.

4. Have Integrity

Buffett didn’t get rich by investing in companies with lackluster leadership. He looks for two qualities in the CEO before making his decision: energy and integrity. He defines the latter as the ability to say “no.” As an example, according to MoneyWatch, the founder of a food products marketing company he purchased, Pampered Chef, turned down runaway growth early on because she thought her company needed a year of consolidation before taking on additional customers or people.


As Buffett’s wealth suggests, he doesn’t invest in many poorly performing businesses; it appears there’s a correlation between integrity and success in the business world.


Source: http://www.huffingtonpost.com/gobankingrates/how-to-raise-your-kid-to-_b_5923192.html
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How rich Warren Buffett was at your age

Billionaire Warren Buffett is known as one of the richest investors in the world, with a net worth that seems to grow by the day. But the "Oracle of Omaha" wasn't always as filthy rich as he is today.

In fact, 99 percent of his immense wealth was earned after his 50th birthday, reports Business Insider.

That doesn't mean Buffett, 84, was a late bloomer in any sense. He started his financial path toward wealth at a very young age and built his fortune slowly over the years, decade by decade — something we can all do with a little perseverance and a lot of hard work.


Warren Buffett's wealth through the years

Buffett was born in 1930, at the height of the Great Depression, and showed a savvy business acumen as a child. At 11 years old, he was already buying stock: multiple shares of Cities Service Preferred for $38 apiece. When he was just a teenager, he filed his first tax return, delivered newspapers and owned multiple pinball machines placed in various businesses. By the time he graduated high school, Buffett had already bought a 40-acre farm in Omaha, Neb., and sold his pinball machine venture for $1,200.

Legend has it that during his younger years Buffett once said, quite prophetically, that he would be a millionaire by age 30, "and if not, I am going to jump off the tallest building in Omaha."

Here's a look at Warren Buffett's net worth and earnings (according to Dividend.com) and also the median household income provided by data from the U.S. Census Bureau throughout the years. Find out exactly how rich Warren Buffett was at your age and compared with the rest of America during that time.

Related: 21 Surprising Facts You Never Knew About Warren Buffett

Warren Buffett's 20s: the first $100,000

After graduating college, Buffett worked for his father's brokerage firm as a stockbroker. When Buffett was 21, his net worth was shy of $20,000, reports Dividend.com.

At age 24, Buffett was offered a job by his mentor, Benjamin Graham, with an annual salary of $12,000. According to U.S. Census Bureau data, this was already about three times the annual median income for the average family in 1954 — proof that Buffett was well on his way to fortune. By the time Buffett reached 26, his net worth was $140,000.


Warren Buffett's 30s: millionaire status

When he reached 30 years of age, Buffett's net worth was $1 million. In 1960, the average family income in the U.S. was $5,600 per year. Compared with Buffett's $1 million net worth at the time, men who were working full time only made $5,400.

By age 35, according to Dividend, Buffett's partnerships had grown to $26 million. Buffett bought controlling stock in Berkshire Hathaway in 1965, according to CNN, and by 1968 his partnerships grew to $104 million. Going into his forties at age 39, Buffett's net worth was listed at $25 million.

Buffett as a young man.Woodrow Wilson High School; Bill Pugliano/Getty

Warren Buffett's 40s: bounces back from financial troubles

By age 43, Buffett's personal net worth was at a high of $34 million. He used some of this capital the year prior to purchase See's Candies for $25 million, reports The Motley Fool, and it became an investment that's still profitable in 2015. But, the mid-1970s proved to be a rough period for Berkshire. By 1974, its decreasing share price lowered Buffett's net worth to $19 million when he reached 44, reports Dividend.

Never one to let his savvy investment skills fall by the wayside, Buffett was able to recover financially. By the end of the decade, he had increased his net worth to $67 million at age 47. By the close of the 1970s, the median U.S. household income was $16,530.


Warren Buffett's 50s: becoming a billionaire

Buffett's net worth in 1982 was $376 million and increased to $620 million in 1983, according to Dividend. In 1986, at 56 years old, Buffett became a billionaire — all while earning a humble $50,000 salary from Berkshire Hathaway.

Meanwhile, the average American in 1986 was making nearly half of what the Oracle of Omaha was earning in salary; the median household income in 1986 was $24,900. As Buffett neared 60 years old, he was worth $3.8 billion.
Read: Warren Buffett's Investment Secret: Stick to What You Know


Warren Buffett's 60s: Berkshire's and Buffett's net worth grow

In a letter to Berkshire Hathaway shareholders in 1990, Buffett wrote that he thought the company's net worth would decrease during this decade, and the second half of 1990 supported that. But late in the year, the company was able to close with a net worth of up to $362 million. As he entered further into his sixties, Buffet's personal net worth grew as well — to $16.5 billion by the time he was 66 years old, states Dividend.

The average American began to creep up to Buffett in earning power during the 1990s. According to Census data, the median household income by the end of the decade was close to $42,000.

Most of Buffett's wealth was earned in the later years of his life.Scott Olson/Getty

Warren Buffett's 70s: philanthropy and growth

Within six years — from age 66 to 72 — Buffett's net worth more than doubled. His net worth at 72 years old was listed at a whopping $35.7 billion. But, Buffett is about sharing the wealth. In 2006, he released pledge letters that stated he will donate 85 percent of his wealth to five foundations over time, reports CNN.

The median household income in 2000 was $42,148.


Warren Buffett's 80s: The sky's the limit.

As of mid-August 2015, Buffett's net worth is $67 billion, making him one of the richest billionaires in the world, behind Bill Gates and Carlos Slim Helu. At 84, Buffett shows no signs of stopping anytime soon. And while he might have an 11-figure fortune, Buffett reportedly earns only $100,000 a year at Berkshire Hathaway and spends it frugally.

Still, the master investor is making much more than the average American. According to the most recent Census Bureau data, the median household income in the U.S. is $51,939.



Read the original article on GOBankingRates. Copyright 2015. Follow GOBankingRates on Twitter.

Source: http://www.businessinsider.com/how-rich-warren-buffett-was-at-your-age-2015-8?IR=T 
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These are the 3 things Warren Buffett looks for when deciding to invest in a company


Warren Buffett is known as the Oracle of Omaha for a reason. The 86-year-old Nebraskan has a sixth sense when it comes to investing his money.

The longtime chairman and CEO of Berkshire Hathaway, Buffett is worth more than $70 billion, according to Forbes.


As an investor, Buffett is the opposite of a day trader.

"Listen, if I knew how to double my money tomorrow, I would probably invest for the short term, too," says Buffett speaking recently at a Facebook Live event broadcast from Columbia University and moderated by Charlie Rose.

He has long had a buy-and-hold strategy.
 
"It's much easier to invest for the long term because you know what is going to happen. You know, in my view, with a very high probability you know what is going to happen 10 and 20 years from now in a major way, and I don't have the faintest idea what is going to happen tomorrow or next week."
 

When Buffett is looking to park his money, there are three things he looks for.
 
1. A unique product that will remain desirable for the long term
 
"I am looking for durable competitive advantage," says Buffett. "I am looking for something that has a moat around it for a considerable period of time."
 
2. Strong leadership

"I am looking for an honest and able management to run [the company] because I don't know how to run it myself," says Buffett.


 
3. A good price for a good company

"I am looking for a purchase price that is not excessive," says Buffett.
That doesn't mean he is picking through the penny stocks, though.
"It is better to pay a little too much for something that is a very good business than it is to buy some bargain but really a company without much of a future," he says.


"It is better to pay a little too much for something that is a very good business than it is to buy some bargain but really a company without much of a future." -Warren Buffett, chairman and CEO of Berkshire Hathaway
And if Buffett doesn't come across a company that meets all three of his criteria, he doesn't invest. He's in no rush.
 
"I am looking for the exception. But the nice thing is, if there is thousands of companies out there, I really only have to be right on a couple," he says.

"It's exactly the opposite of baseball where you have called strikes and the pitcher is trying to throw it to you at the worst part of the strike zone for you. And if he succeeds in getting in that corner three times and you don't swing, you are out. In investing, it's a no-call strike.
"I can sit here all day and somebody can throw me one company after another and finally I get one in my sweet spot."

http://www.cnbc.com/2017/02/03/3-things-warren-buffett-looks-for-when-deciding-to-invest-in-a-company.html?__source=facebook 
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How to Become the Next Warren Buffett

In 23 easy steps.


Warren Buffett, also known as the Oracle of Omaha, is the third richest man in the world worth close to $60 billion, according to Forbes’ “2015 World’s Billionaire list.” And at 85 years old, the Berkshire Hathaway CEO shows no signs of slowing down.

If you want to become the next Buffett — that is, an extremely successful investor, businessman and philanthropist — here are the steps you need to take and Buffett-like traits you need to adopt.

1. Decide That You’re Going to Be Rich

In order to be rich, you have to believe that one day you will be rich. Buffett once reportedly said, “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”

Set high expectations for yourself, and work toward your goals and aspirations. “Then, make it clear to yourself, your family and friends that you have a commitment to become financially independent,” said Randall “Dolph” Janis, an insurance agent at Clear Income Strategies Group. “Create your future with a plan, knowing when to get aggressive against knowing when to be conservative — and that can produce the results of your goal to become the next Warren Buffett. “

2. Start Saving at a Young Age

At the age of 15, Warren Buffett was making $175 a month delivering newspapers, according to OldSchoolValue.com. From that job, he accumulated $1,200 in savings and bought a 40-acre farm in Omaha.
The lesson? “Start saving money as early as possible, so that you get into the habit,” said Brittney Castro, founder and CEO of Financially Wise Women.

Related: How Rich Was Warren Buffett at Your Age?

3. Reinvest Your Profits

Legend has it that when Buffett was in high school, he and a friend bought a pinball machine. According to WarrenBuffett.com, the pair put it in a barbershop, and it was a success. With the profits from the first machine, they bought more and ended up having eight in different shops. The friends eventually sold all the machines, and Buffett used the money to buy stocks and start a small business.
If you want your fortune to continue to grow, the best thing you can do is keep reinvesting it. Of course, you can enjoy the fruits of your labor, but don’t spend it all.

4. Graduate College Early

Did you know that Buffett attended college for only three years — two at the Wharton School of Business and one at the University of Nebraska? Although college costs weren’t nearly as high as they are today, it’s likely that Buffett saved money by finishing college in three years instead of four. And today’s college students will likely save even more.

Unfortunately, many are drowning in debt. But, an early graduation can save you approximately $40,000 at a private college versus nearly $20,000 at a public college, reports Forbes. To graduate early, try taking as many credits as possible per semester.

5. Bounce Back From Rejection

Ironically, Harvard Business School rejected Buffett after his interview. But instead of sulking, he headed to Columbia and met Benjamin Graham. Graham is a legend in the investment industry, and he became Buffett’s mentor. Much of Buffett’s incredibly investing success could arguably be credited to Graham and the lessons he taught him.
“Turned down? Who cares, keep going, it happens all the time,” said Thomas Scuccimarra, vice president of sales at M&O Marketing. “You can’t take it personally, and you can’t let it push you off course of your dreams.” So even if you don’t get into your school of choice, keep moving forward. If Buffett had quit after Harvard dismissed him, he wouldn’t be where he is today.

6. Communicate in Person

In 1951, when Buffett was digging around looking for companies to invest in, he stumbled across GEICO. To investigate the company further, he rode a train to the company’s headquarters. According to GEICO’s website, the office was closed, so a janitor let him in and luckily a top executive was there and they had a meeting. Afterward, Buffett made one of his earliest stock purchases and bought GEICO stock. Today, the insurance company is a subsidiary wholly owned by Berkshire Hathaway.
Don’t underestimate the value of face-to-face communication. Sometimes a phone call or email just won’t cut it. Like Buffett, have a conversation in person to make connections and gather information.

7. Be Persistent

When Buffett graduated college, he wanted to work on Wall Street. He offered to work for his mentor Ben Graham, but Graham said, “no”, writes author James Altucher. So, Buffett went back to Omaha — but he still continued to pitch ideas to Graham. Eventually, Graham hired Buffett.
If you get a “no” from a potential employer that you really want to work for, never take it as a final final answer — keep trying until you get a “yes.”

8. Master Public Speaking

Good public speaking skills can take you far in your profession. However, it’s speaking in front of large groups can be terrifying for some — even Buffett. In fact, Buffett admitted that used to throw up before public speaking.
But instead of letting his fear cripple him, Buffett took the necessary steps to improve his public speaking skills. He took a Dale Carnegie public speaking course and he learned that he could, in fact, speak in front of a group of people. Buffett went on to become an excellent orator.

9. Maintain Good Savings Habits

In the book “Icons of Business,” Kateri Drexler writes that when Graham closed his partnership, Buffett returned to Omaha. Luckily, he was in a good situation: By being a good saver and avoiding debt, he grew his savings from $9,800 to $140,000. He then went on to create Buffett Associates, Ltd.
Paul Tarins, president and founder of Sovereign Retirement Solutions, said, “When evaluating your cash flow, you should understand that the more revolving debt you carry, the more you will diminish the amount that can be invested.” By saving money and avoiding debt, you too can take advantage of investment opportunities like Buffett.

10. Surround Yourself With People Who Believe in You

In order to create Buffett Associates, Ltd., Buffett invested $100 and relied on seven of his family members and friends to help provide the financial banking. Without the support of his family and friends, Buffett’s company would’ve been hard to create. So surround yourself with people that believe in you — not only those who can financially assist you, but can morally lift you up as well.

11. Find a Business Partner

One could argue that Buffett wouldn’t be successful without Charlie Munger, his billionaire right-hand man. According to Omaha.com, the pair met in 1959, and today Munger is the vice chairman of Berkshire Hathaway.
Buffett once wrote, “It took a powerful force to move me on from Graham’s limiting views. It was the power of Charlie’s mind. He expanded my horizons.” Together, they took on some of Buffett’s largest acquisitions, such as BNSF Corp.
Find a business partner that you trust and ultimately challenges your mind to be more successful.

12. Convince People to Invest in You

In an interview with C-SPAN, Buffett said his first investors “were betting on a 25-year-old that looked about 12 and acted 20.” But somehow — maybe because many of them were his family members and friends — Buffett was able to convince them to take a chance on him.
Use your powers of persuasion to convince others to invest in your company or ideas. It might take some time, but it can be done.

13. Establish a Low-Key Headquarters

Berkshire Hathaway is located in a fairly average-looking building in Omaha. But since Buffett is worth close to $60 billion, shouldn’t his headquarters be in a nicer building? No.
“Your personal image is not the perception of how successful you are. Don’t be someone you are not,” said Janis. Buffett owns who he is — a humble, grounded and notoriously frugal man. Flashy headquarters wouldn’t suit him. Own who you are, and it’ll resonate with those around you as authentic.

14. Live Frugally

Speaking of being frugal, that in itself is an important step you should take if you want to be like Buffett. Unlike other billionaires who live a lavish lifestyle, Buffett is known for living very modestly. In fact, Munger once told the Motley Fool, “Frugality is basically how Berkshire happened.”
“There are things money can’t buy,” Buffett also told the Motley Fool. “I don’t think standard of living equates with cost of living beyond a certain point. Good housing, good health, good food, good transport. There’s a point you start getting inverse correlation between wealth and quality of life. My life couldn’t be happier. In fact, it’d be worse if I had six or eight houses.”

15. Invest in Yourself

Part of Berkshire Hathaway’s success is because Buffett put his money where his mouth is and invested in himself. Tarins believes that’s imperative if you want to become the next Buffett.
“The best way to achieve wealth is always to pay yourself first,” he said. “Many people are currently doing this by investing through their company’s retirement plan. If you develop the habit of always paying yourself first, you will be extremely successful in acquiring wealth.”

16. Stick to Your Guns

Berkshire Hathaway does not pay a dividend. In fact, it paid out its only dividend of 10 cents in 1967, reports Investopedia. And Buffett claimed that he must have been in the bathroom when this happened.
Buffett reportedly doesn’t like dividends for two reasons: they are taxed as income, and different investors expect varying levels of dividend payouts. Not receiving a dividend from Berkshire Hathaway is probably a sore spot for many investors. Regardless, Buffett refuses to pay one.
To be like Buffett, stick to your guns if you believe in something — even if it goes against the mainstream school of thought.

17. Be a Contrarian Investor

In the investing world, Buffett is what you would call a contrarian investor — meaning he’s known for buying assets that aren’t doing so well and then selling when they do perform well. As he once wrote for the New York Times, “Be fearful when others are greedy, and be greedy when others are fearful.”
Being a contrarian or a value investor can take you far. Mitch Goldberg, president and CEO of investment firm ClientFirst Strategy, explained in a piece for CNBC that being a contrarian “requires identifying a company that will execute a plan to grow the business and at the same time has decent fundamentals … so that if the plan takes longer to execute or if it doesn’t work, you’ll at least potentially have something of value that you could sell at a later date.”

18. Don’t Invest Emotionally

This is one of the hardest pieces of investment advice to follow. Many investors have the urge sell stocks when the market is down. Buffett doesn’t, and that’s why he’s such a great investor. To invest like Buffett you have to ignore stock market cycles, and put your emotions aside.

19. Make the Tough Decisions

Berkshire Hathaway’s core business was originally textile mills and Buffett maintained them for many years. In 1985, he sold the mill’s equipment because they weren’t making him any money. In fact, they were a drain on his company. According to Bloomberg Business, the “textiles produced a loss of 1.32 million” in 1985.
The decision might have been tough for Buffett to make, but it was imperative to his success. To be like Buffett, you’ll have to make tough decisions.

20. Invest in What You Know

Buffett is famous for holding Coca-Cola stock; he purchased a 6.3% stake in the company in the late 1980s. And as of Feb. 18, 2016, Berkshire Hathaway has about a 9% stake in the company and its holding value is $17.5 billion, reports CNBC.
Buffett certainly knows coke well — he drinks up to five cans a day, and he once said, “I’m one-quarter Coca-Cola.” Investing in what you know and like might be the smartest decision you’ll make as an investor.n.

21. Be Honest

Buffett is known for his honesty. In the 2013 Berkshire Hathaway shareholder letter, he admits to losing $873 million by purchasing Energy Future Holdings’ $2 billion debt and called it a “big mistake.”
Honest business practices build trust between colleagues and among staff and even competitors. Moreover, investors then express confidence by offering more funding. The lesson? Be honest, it’ll likely help your business in the long run.

22. Give Back

As far as philanthropists go, Buffett is one probably one of the most philanthropic men in the world. Along with Bill Gates, Buffett is donating over half of his wealth. In 2010, he started the Giving Pledge with the Gates family, which encourages billionaires to commit to giving away a large portion of their money while they are living or in their wills.

To be like Warren Buffet you’ll have to give back, and his reason why is simple: “If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”

23. Limit Your Activities

How do you accumulate close to $60 billion like Buffett? You work hard, sure, but you also focus on just a few projects or activities. To explain Berkshire Hathaway’s success under Buffet, Munger wrote in the company’s annual shareholder letter, “Buffett’s decision to limit his activities to a few kinds and to maximize his attention to them, and to keep doing so for 50 years, was a lollapalooza. Buffett succeeded for the same reason Roger Federer became good.”
This article originally appeared on GoBankingRates.
(Time.com
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10 Powerful Lessons Everyone can Learn from Warren Buffett for Business Success

With an estimated net worth of $72 Billion, Warren Buffett is one of the most successful, wealthiest businessmen and investors of all time. There is no doubt that we can all learn more than a few things about doing business and making wealth from this remarkable billionaire, whose been acquiring, starting and growing businesses for longer than many of us have been alive.

His company, Berkshire Hathaway, owns and operates some of the largest corporations in the world, including Helzberg Diamonds, FlightSafety International, and NetJets. And Buffett generously shares lessons he’s learnt along the way through his extensive writings and talks, and by the way he leads his life. Here are powerful lessons we can all learn from Buffett to succeed in business and in life today.

1. Do work that you love.

Success comes when you do what you love. Warren Buffet lives by this rule and urges us all to live by it too. When you do what you love and are passionate about it, he says, you’ll never work a day in your life.
“There comes the time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?”

2. Don’t “thumb suck.”

Warren Buffett prides himself in making swift, well-informed decisions and acting on them just as fast. He deems any unnecessary dilly-dallying as “thumb sucking.” Do your research thoroughly, well in advance. Gather all the necessary information and act decisively. Say “No” if you have to.
“The difference between successful people and really successful people is that really successful people say no to almost everything.”

3. Spell out the specifics of a deal beforehand.

Warren Buffett tells a story about when he was a young boy. His grandfather, Ernest, hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shovelling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Buffett was horrified that he performed such backbreaking work only to earn pennies an hour.
Even when you are dealing with friends and relatives, have all the specifics of the deal spelt out beforehand, including your monetary benefits. Your bargaining leverage is always greatest before you begin a job—that’s when you have something to offer that the other party wants.
“I am a better investor because I am a businessman, and a better businessman because I am an investor.”

4. Assess the risk involved.

Think about the worst and best possible scenarios and promptly make the most rational, progressive decision. That’s basically the advice Buffet gave his son, Howie, when the FBI accused the younger Buffett of price-fixing in 1995. Howie quickly realized that the risks of staying in his then troubled company far outweighed any potential gains, and so he quit the next day. Assessing risks carefully helps you see where you are struggling and can guide you to make smarter decisions.
“I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”

5. Exercise vigilance over every expense and spending.

Warren Buffett is well-known for being frugal and encouraging others to do so. He’s lived in the same house he bought when he was 28 for a mere $31,500 to date. Being frugal and conservative with your spending helps you avoid waste. And when you avoid waste, you make your money work for you and save enough to invest for the future.
“If you buy things you do not need, soon you will have to sell things you need.”

6. Limit your borrowing and what you owe others.

Warren Buffet has never borrowed excessively, even when he was starting out in business. He says, “Nothing sedates rationality like large doses of effortless money.” He has always negotiated with creditors to pay what he can, and when he is debt-free, saved his money to invest. Living on handouts, loans and credit cards will not make you rich.
“I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”

7. Reinvest your profits.

In high school, Warren Buffet and a friend bought a pinball machine and put it to work in a barbershop. With the money they earned, they bought more machines until they had eight of them in different shops. The friends later sold the venture and Mr. Buffett used his proceeds to buy stocks and the rest to start another business. By the time he was 26, he had amassed $174,000, which is equivalent to about 1.4 million in today’s value.
Look broadly for investment opportunities and reinvest like you have a single lifetime “punch card” with only 20 punches—make each one count. Even a small investment can generate great wealth if you are diligent enough to favor substance over form.
“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because, sooner or later, one will.”

8. Judge yourself by your own standards.

Don’t base your decisions, successes or even happiness on what others say or do. Buffet notes: “You don’t have to swing at everything—you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!'” Instead of following the crowd, measure yourself by your “Inner Scorecard”—your own standards and not the world’s.
 “I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs, and trying to intelligently give away that money in fields that they particularly care about.”

9. Be consistent and patient.

Warren Buffett says, “Time is the friend of the wonderful business, the enemy of the mediocre.” The long and rocky road to success holds many valuable lessons and makes victory that much sweeter. So, be patient and keep pressing on. Don’t obsess over quick results and instant gratification. Success doesn’t come overnight—not even for Warren Buffett.
“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”

10. Know when to quit.

Warren Buffet makes mistakes just like any one of us, but he learns from his mistakes and doesn’t repeat them. He recalls: “I bought a company in the mid-’90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I’ve made lots of dumb decisions. That’s part of the game.” He is, however, quick to add: “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
Know when to walk away from a loss. And remember in businesses and in people, better quality businesses are more likely to grow and compound cash flow; low quality businesses often erode.
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
*all quotes are from billionaire Warren Buffett

Source: http://www.lifehack.org/articles/productivity/10-powerful-lessons-everyone-can-learn-from-warren-buffett-for-business-success.html

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Buffett’s annual letter comes out Saturday morning

He would like a word.

It’s time for another eagerly anticipated epistle from the Warren Buffett.

Berkshire Hathaway BRK.A, -1.02% BRK.B, -1.04%  will release its annual report at around 8 a.m. Eastern Time on Saturday, but the main draw will be the annual letter to shareholders from Buffett, the firm’s chairman and chief executive.

This will mark the 51st year Buffett, 85, has written a letter to Berkshire investors. His track record — combined with his folksy ability to explain his investment philosophy, long-term strategic decisions and even his biggest regrets — have made the letters a must-read for investors and students of the market. He’s not called the “Oracle of Omaha” for nothing.


With that in mind, here’s a rundown of some of the things investors and other interested observers will be looking for Saturday morning:

1. Hunting elephants
Berkshire’s $37.2 billion acquisition of aerospace-and energy-equipment maker Precision Castparts Corp. in August — Buffett’s largest single acquisition ever — drove home something the billionaire was getting at in last year’s letter: For a company that has grown to the mammoth size of Berkshire, big takeovers are now preferable to picking stocks when it comes to building value.
Don’t expect Buffett to tip his hand on future acquisitions, but he may offer some further insight into how he sees the strategy playing out.






MarketWatch
Buffett told shareholders at Berkshire’s annual meeting last May that given the firm’s size and scope, making large acquisitions was a way to create “more enduring value” and that it had “moved into phase two.”
After the Precision Castparts deal, Buffett ruled out any major takeovers in the immediate future, citing the need to “reload” cash reserves before hunting more elephants.

The move reflects the notion that Berkshire’s size makes it difficult to find deals big enough to move the needle on earnings without overpaying. Don’t expect Buffett to tip his hand on future acquisitions, but he may offer some further insight into how he sees the strategy playing out.

2. ‘The float’
“You’ve got to understand insurance to understand Berkshire Hathaway,” said Robert Miles, an author and speaker who has written three books on Buffett and his investing style.

Indeed, the “float” is often described as Berkshire’s not-so-secret sauce. Buffett has devoted large chunks of past letters to talk about the float and the unique role it has played in his investment success.
The float, simply put, is money collected from insurance premiums but not yet paid out to meet claims. It is a liability on an insurer’s books, but the lag between collecting the premiums and paying out claims provides an opportunity to invest the float — and that’s been a boon for Berkshire.
Other insurers have struggled to make hay from the float, in large part because they lack Buffett’s investing acumen, and that has forced them to park cash in low-yielding assets.

But some investors think too much attention is paid to the float. The real secret to Berkshire's success is “intelligent underwriting and intelligent investment over a long period,” which is “not normal for insurance companies,” wrote investor David Merkel wrote in a 2014 blog post.

3. Mistakes, he’s made a few…
Buffett isn’t afraid to admit a mistake. At times, it seems as if he revels more in owning up to blunders than taking credit for his wins. Of course, that’s a trait shared with many successful investors, who often like to parade past mistakes as learning opportunities that often provide more useful wisdom than any easy success.

Here’s Buffett in his 1999 letter — marking a rare bad year for Berkshire:

Even Inspector Clouseau could find last year’s guilty party: your Chairman. My performance reminds me of the quarterback whose report card showed four Fs and a D but who nonetheless had an understanding coach. “Son,” he drawled, “I think you’re spending too much time on that one subject.”

My “one subject” is capital allocation, and my grade for 1999 most assuredly is a D. What most hurt us during the year was the inferior performance of Berkshire’s equity portfolio — and responsibility for that portfolio, leaving aside the small piece of it run by Lou Simpson of GEICO, is entirely mine. Several of our largest investees badly lagged the market in 1999 because they’ve had disappointing operating results. We still like these businesses and are content to have major investments in them. But their stumbles damaged our performance last year, and it’s no sure thing that they will quickly regain their stride.
4. Book value versus market value
Buffett surprised investors last year when, for the first time, he added a column to the usual front-page table (see below). It showed the firm’s change in market value (shares outstanding multiplied by market price) alongside his long-preferred measure of book value (the difference between a company’s total assets and total liabilities).

As Buffett explained in last year’s letter, he’s traditionally viewed book value as a “crude, but useful, tracking device” of the crucial but elusive “number that really counts: intrinsic business value.”
As Buffett explained in last year’s letter, he’s traditionally viewed book value as a ‘crude, but useful, tracking device’ of the crucial but elusive ‘number that really counts: intrinsic business value.’






MarketWatch
Buffett explained the change as further recognition of Berkshire’s shift from stock-picking machine to owner and operator of large businesses, many of which “are worth far more than their cost-based carrying value.”

The book value of those businesses are never revalued upward, he noted, no matter how much the value of the companies have increased.

But observers couldn’t help but note that the change last year followed Berkshire’s recent underperformance on book value-per-share relative to the S&P 500. It will be interesting to see if Buffett reverts to emphasizing book value, which is likely to be in line with the S&P 500 over the past year, while Berkshire’s stock price is down by around 10%, noted Miles.

5. Succession
Who will take the helm when Buffett, 85, is gone? That has long been a mystery. Buffett last year stuck to his usual reassurance that Berkshire’s board had identified an unnamed successor to take the helm as chief executive (Buffett’s son Howard is slated to fill the post of nonexecutive chairman).

Vice Chairman Charlie Munger offered a bit more clarity, indicating that Ajit Jain, who Buffett has praised for his deft management of Berkshire’s insurance business, and Greg Abel, who’s also won kudos for his management of Berkshire’s energy operations, would both be strong candidates for the top job.

There’s little reason to think the situation has changed over the past year, but investors will undoubtedly parse the letter for further clues.

Source: http://www.marketwatch.com/story/5-things-to-look-for-in-warren-buffetts-annual-letter-to-investors-2016-02-26 
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5 Lessons Every Investor Should Learn From Warren Buffett

Some say you get what you pay for.  That’s not true with Warren Buffett.  He’s been dishing investing wisdom for decades, and his advice is both free and priceless. He’s living proof that price is what you pay, value is what you get.

His annual letters to Berkshire Hathaway BRK.A +% shareholders house his best advice.  The collection of letters should be the first thing any new investor reads.  As a shareholder, I study his letters every year.

He repeats himself.  The same themes crop up in his letters year after year.  I suppose he’ll continue to repeat himself until investors finally listen.

Here are 5 lessons Buffett teaches that every investor should learn (quotes are from the 2013 letter).

1.  Stock repurchases:  Companies often repurchase shares at the expense of shareholders.  Management has a knack for buying back shares at inflated prices.  The cynic in me assumes management is trying to increase the price of a share to goose the value of its options.  Just as likely, though, management is as bad as most everybody else at investing.  The letters ‘CEO’ affixed to a name does not a Buffett make.
Here, Buffett leads by example:
As I’ve long told you, Berkshire’s intrinsic value far exceeds its book value. Moreover, the difference has widened considerably in recent years. That’s why our 2012 decision to authorize the repurchase of shares at 120% of book value made sense. Purchases at that level benefit continuing shareholders because per-share intrinsic value exceeds that percentage of book value by a meaningful amount. We did not purchase shares during 2013, however, because the stock price did not descend to the 120% level. If it does, we will be aggressive.
Clear. Concise. Consistent.  CEOs and investors alike would do well to follow his example.

2.  America’s future:  Buffett is bullish on America.
"Charlie and I have always considered a “bet” on ever-rising U.S. prosperity to be very close to a sure thing. Indeed, who has ever benefited during the past 237 years by betting against America? If you compare our country’s present condition to that existing in 1776, you have to rub your eyes in wonder. And the dynamism embedded in our market economy will continue to work its magic. America’s best days lie ahead.
His optimism isn’t just talk.  Berkshire’s purchase of BNSF in 2009 was, as Buffett describes it, an “all-in wager on the economic future of the United States.” Similarly, he’s instructed the trustee who one day will manage money Buffett leaves to his wife to invest 90% of it in a low cost, S&P 500 index fund.  The other 10% goes to a short term U.S. government bond fund.

As Buffett sees it, “America’s best days lie ahead.”

3.  You invest in businesses, not stocks:  Imagine you wanted to buy a real live honest to goodness business.  You learn that a local business, say a gas station, is for sale for $1 million.  Without knowing more, would you buy it?  Of course not.  You’d want to understand its revenue, expenses, growth potential, assets, liabilities, and a host of other information.

Yet when it comes to stocks, many investors “play the market” knowing very little about the businesses they are buying.  Rather than focus on the underlying business, we are all too often consumed with market quotations.
Buffett takes a different approach:
With my two small investments [referring to two properties he had purchased], I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.
4.  Focus on per share results:  Throughout his letter to shareholders, Buffett focuses on per share results.  He compares the growth in Berkshire’s book value per-share to the performance of the S&P 500.  Buffett explained his “goal of not simply growing, but rather increasing per-share results.”  And he described how he would achieve that goal:
With this tailwind working for us, Charlie and I hope to build Berkshire’s per-share intrinsic value by (1) constantly improving the basic earning power of our many subsidiaries; (2) further increasing their earnings through bolt-on acquisitions; (3) benefiting from the growth of our investees; (4) repurchasing Berkshire shares when they are available at a meaningful discount from intrinsic value; and (5) making an occasional large acquisition. We will also try to maximize results for you by rarely, if ever, issuing Berkshire shares.
Dilution matters.  A company that grows earnings in the aggregate, but reduces them through dilution on a per share basis, proves the axiom–A rising tide sinks all boats.

5.  Bull markets are fun, until they’re not: For those enjoying the recent rise in the market, Buffett teaches like only he can:  ”Remember the late Barton Biggs’ observation: ‘A bull market is like sex. It feels best just before it ends.’”

The market is feeling pretty good right now.

Source: http://www.forbes.com/sites/robertberger/2014/03/19/5-key-takeaways-from-buffetts-2013-letter-to-shareholders/#1c2bd16a74c0
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Warren Buffett’s 10 Inspiring Tips For Young People

Advice from One of the World’s Wealthiest Men…and Wisest

I know the article title mentions these tips are for “young people,” but hey, I did not realize the value of self-development until I was in my late twenties and early thirties.  Imagine right now you have received a special meeting with Warren Buffett. Here are ten things he would tell you, to help you improve yourself, give yourself better opportunities for success in the future, or just light a fire under your rear-end to get you motivated.

Invest in “you” before anyone else.

Listen, you will probably hear everyone around you telling you to begin investing early. That’s a sweet story and marginal advice, at best. Do you want to know how fast those investments can disappear? Quicker than it took you to read these words. Gone. Nothing to show for it all. Invest in yourself. Am I suggesting you bury yourself in debt to student loans before you are 21 years old? Absolutely not. In our current age of internet accessibility, you can learn practically anything you want to, as quick as you want to. Find your passion, invest in yourself through gaining wisdom, knowledge, and never, ever, stop learning.

Break your bad habits early.

What is one habit you need to ditch, right now? For me, looking back, it was spending habits. They were worse than bad. Beyond horrible. As a teenager and young adult I would spend before I had, and borrow to spend more. Break your bad habits early. You do not want to learn every life lesson the hard way.

Hire a mentor.

Finding someone you admire is cute. Many people have their “role models”, there is not anything wrong with this. Find an influence in your particular area of interest, find someone to mentor you. Don’t be a taker all the time from them either. Your mentor, if you are lucky enough to find someone to pour into you, is there to help you, give back to them, or you won’t have them long.

Know your strengths.

“You don’t have to be an expert on everything, but knowing where the perimeter of that circle of what you know and what you don’t know is, and staying inside of it is all important,” Warren Buffett said. Understanding how you are created, what your strengths are, and what your weaknesses are, is one of the most important things you need to know, immediately.

Do what you love.

Warren Buffett once said, “Work at a job you love.” Why would a billionaire say this? I believe it is because he understands nothing can bring you happiness if you spend your life in misery.

Never risk the important for the unnecessary.

When you have all of your necessities, do not go out and risk it all for a temporary moment of pleasure, or from a fit of rage. Use good judgement. Use common sense. This seems to be rare these days.

Don’t pass up good opportunities.

Sometimes good opportunities come along and we do not realize them. Sometimes, good opportunities require hard work and we ignore it. Don’t pass up a good opportunity when it makes you uncomfortable. Most of the time these opportunities will make you a little uncomfortable.

Tick-tock, protect your clock.

The sooner you realize your time is your most valuable asset, the sooner you will begin to protect your time. Listen, you should learn as much as you can about time management, now! Once you manage your time, no, once you master  your time, you will be unstoppable. Master your time. Keep an agenda. Protect the clock.

Avoid credit cards.

Seriously. Avoid credit cards. If you take the bait early on, you will find yourself being a slave to a rapidly growing slave-master of debt. Learn to live and pay with cash. If you don’t have the cash, don’t charge it. Learn the self-disciplines and self-control necessary to master your money early in life.

Be kind.

Kindness is one of the lost arts of our society. Love others. Do we always agree? Of course not. Does this mean we have permission to be raving jerks? Nope. Learn kindness, learn it early, use it often.

Source: http://www.lifehack.org/290599/warren-buffetts-10-inspiring-tips-for-young-people
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5 Things Warren Buffett Does After Work 5 Things Warren Buffett Does After Work

When the Oracle of Omaha talks, people make pilgrimages. In fact, thousands of Berkshire Hathaway shareholders flock to the tiny town of Omaha, Nebraska each year to hear him talk about investing.

Of course, if any business leader can command that level of devotion, it’s Mr. Buffett. He has practically doubled or tripled his net worth in every decade of his life, and is now worth $67 billion. A single share of his company’s stock? Try $191,396. That's enough to buy a house in any one of the 50 states.

Teach us your ways, Warren!

There are countless books on how Buffett accumulated his wealth (Amazon has almost 20 pages of results under his name). The number of articles about him on sites like The Motley Fool, The Wall Street Journal, and Business Insider is probably somewhere in the thousands.

But there aren’t that many articles on what he does in his spare time after work.

This isn’t surprising. In our current culture of competitive workaholics who regularly work late hours, Buffett’s office schedule is more valuable to readers than his home hobbies. But his famous Zen attitude towards managing, investing and making billions can be largely attributed to his enviable work-life balance.

Here are 5 things Warren Buffett does each day that we could all learn from:

1. Read 500 pages.

Once, when asked how to get smarter, the Oracle held up a stack of papers and said, “read 500 pages like this every day. That’s how knowledge builds up, like compound interest.”

Buffett estimates that he spends 80 percent of his waking day reading at work (financial statements, journals, reports) and at home (newspapers and books). Some of us don’t read that many pages each year.

“I do more reading and thinking, and make less impulse decisions than most people in business.” Makes sense; the better read you are, the more informed you are, the less impulsive you are.


2. Exercise a little.

Buffett once said that his secret to staying young is to “eat like a six-year-old.” This includes drinking up to five Cokes a day. “I’m one-quarter Coca-Cola,” he admitted. (Considering he owns $16 billion in Coca-Cola stock, that’s not too far from the truth.) Keep in mind that the 85-year-old also likes to eat hamburgers, steaks, hash browns and root beer floats.

In 2007 (at the age of 77), he revealed that his doctor had given him a simple choice: “Either you eat better or you exercise.” Buffett chose exercise, “the lesser of two evils.” The simple life change must have worked. After beating prostate cancer in 2015, he still looks happy and healthy.

3. Be grateful, not wasteful.

Following in the footsteps of his hero, Chuck Feeney (who secretly gave away his entire fortune), Buffett is one of the world’s biggest philanthropists. His Giving Pledge also boasts dozens of billionaire signees, including Bill Gates, who have committed half their net worth to charitable causes. Buffett has pledged to give away 99 percent of his fortune during his lifetime.

“If you’re in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.”

He is also famously frugal, so it all works out. Not only does Mr. Buffett live in the same house he bought in 1958 for $31,500 (ironically, it costs significantly more to live next to him). He also likes to treat investors who visit him in Omaha to McDonald’s for lunch.

4. Play a game that requires patience.

Like Chuck Feeney, Buffett has admitted that he manages his ever-growing fortune like he’s playing a game. This isn’t surprising. He enjoys games, and regularly plays financial “mind games” to help him better see patterns in his investments.

He also likes to stay sharp by playing Bridge (which, like Monopoly, takes a notoriously long time to finish). In fact, Buffett likes Bridge so much that he can sometimes be found in an Omaha strip mall, paying $7 to play against retirees.

“It’s got to be the best intellectual exercise out there,” he claims. “You’re seeing new situations every ten minutes...Bridge is about weighing gain/loss ratios. You’re doing calculations all the time.”

5. Have a hobby that’s just for fun.

For Wall Street analysts who often work 100+ hours a week, something as mundane as a “hobby” is inevitably put on the back burner. But Warren likes his hobbies. If you can believe it, he’s a pretty good ukulele player and even writes his own songs. There are YouTube videos of him singing about Coca Cola and playing duets with Bon Jovi.

In fact, there’s probably no better way to end this post than with a video of Mr. Buffett playing ukulele duet for charity with Jon Bon Jovi.

If one of the world’s richest men can afford to be this silly once in a while, we can, too.

Source: https://www.entrepreneur.com/article/273342
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14/01/2018

Chỉ vài phiên đầu năm 2018, Quỹ lớn nhất Việt Nam tiếp tục "kiếm thêm" trăm triệu USD từ thị trường chứng khoán Việt Nam

Tổng giá trị tài sản ròng (NAV) của VEIL tăng 6,5% kể từ cuối 2017. 

Sau một năm 2017 thành công rực rỡ với mức tăng trưởng trên 50% và vượt xa phần còn lại của thị trường, Vietnam Enterprise Investment Ltd (VEIL) - quỹ đầu tư lớn nhất thuộc quản lý của Dragon Capital tiếp tục gặt hái thành quả từ thị trường Việt Nam trong những ngày đầu 2018.

Theo cập nhật mới nhất của VEIL, tổng giá trị tài sản ròng (NAV) của VEIL đã đạt đến con số 1.649 triệu USD, tăng hơn 100 triệu USD so với con số 1.547 triệu USD ghi nhận cuối phiên giao dịch ngày 28/12/2017, tương ứng với mức tăng gần 6,5%. Giá trị tài sản ròng trên mỗi chứng chỉ quỹ VEIL đạt đến 7,59USD, tương đương 5,54 Bảng Anh.

Như vậy, chỉ 10 phiên giao dịch đầu năm 2018, NAV của quỹ này đã có mức tăng 6,5%, tương ứng với lãi suất tiền gởi VNĐ ngân hàng kỳ hạn 1 năm. Một kết quả 'trong mơ' đối với các nhà đầu tư tổ chức lớn.

Chỉ vài phiên đầu năm 2018, Quỹ lớn nhất Việt Nam tiếp tục kiếm thêm trăm triệu USD từ thị trường chứng khoán Việt Nam - Ảnh 1.
Nhìn chung, danh mục đầu tư của VEIL vẫn không có gì thay đổi so với thời điểm cuối 2018. Có thể thấy, đà tăng NAV của Quỹ này có thể sẽ còn cao hơn nữa nếu như những cổ phiếu tốp đầu trong danh mục của VEIL như MWG hay VNM, ACV, SAB đã chững lại đà tăng trong những ngày đầu năm 2018.

Chỉ vài phiên đầu năm 2018, Quỹ lớn nhất Việt Nam tiếp tục kiếm thêm trăm triệu USD từ thị trường chứng khoán Việt Nam - Ảnh 2.
Mức tăng của VEIL theo đó tập trung vào nhóm ngân hàng gồm ACB, MBB và những DN ngành thép như HPG, NKG, HSG. FPT cũng có mức tăng tương ứng với NAV của quỹ.

Ở lĩnh vực tài chính và bất động sản SSI, VCI, DIG, KDH, DXG, NVL là những nhân tố chính góp phần vào mức tăng trưởng NAV của VEIL trong những ngày đầu năm. Đáng chú ý nhất và sự tăng trưởng bất ngờ của cổ phiếu NVL, cổ phiếu này đã tăng vọt 18% kể từ cuối 2017 sau một thời gian dài không có nhiều biến động.

>> Liên hệ Mua bán cổ phiếu - Tư vấn đầu tư - Ủy thác đầu tư
 


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Top con giáp dễ thành tỷ phú nhất

Đều là những con giáp có khả năng giữ tiền cao, cũng "ăn chơi" đấy nhưng họ biết giữ chừng mực.


Tuổi Hợi dễ giàu nhất

Người cầm tinh con giáp này sở hữu trái tim nhân hậu, lạc quan. Họ biết dựa vào thực lực của mình để chinh phục mọi gian nan, thử thách. Họ có khát vọng lớn về sự giàu sang và phú quý.

Người tuổi Hợi biết tích lũy và chế ngự cảm xúc của mình, họ nỗ lực không ngừng nghỉ để có được thành công như mong đợi. Chính vì vậy, thành công đến với họ không quá khó khăn nhưng cũng không quá nhanh mà từ từ từng bước vững chắc. Số mệnh giàu sang của người tuổi Hợi có thể nói chỉ có 2 phần. 8 phần còn lại họ chủ yếu dựa vào chính sức lực và sự cố gắng của chính mình mà có được. Để trở thành tỷ phú hoặc đơn giản là có nhiều tiền với những người tuổi Hợi chỉ là vấn đề thời gian mà thôi.

Tuổi Mùi


Tuổi Mùi tính cách cẩn thận, họ sống rất có trách nhiệm tạo cảm giác an toàn cho người khác. Chính vì vậy nên vận mệnh tuổi Mùi phú quý cũng là do tu dưỡng cả đời có được. Họ nhiều bạn bè, nhân duyên tốt, có nhiều mối quan hệ làm ăn và hay được người khác giúp sức.
Tuổi Mùi thuộc phái hành động, họ nghĩ thì sẽ làm ngay lập tức không do dự nên tiền bạc đến cũng nhanh như tư duy của họ. Thông minh nhanh nhạy nên tiền bạc không dễ gì chảy ra khỏi túi tuổi Mùi vô nghĩa được.
Tuổi Tuất
Cũng thuộc trường phái hành động nhưng người tuổi Tuất không thiên về tốc độ mà là lâu bền. Họ rất nhẫn nại, trung thành và chung thủy khiến nhiều người yêu thích, quý mến và sẵn sàng làm bạn. Chính vì nhân duyên tốt nên rất ít người tuổi Tuất bước sang tuổi 40 mà không giàu có phú quý.
Trí tuệ và năng lực quan sát của họ khiến những người này trở nên tự tin trong mỗi việc họ làm, kiếm được tiền và giữ được tiền, càng ngày càng giàu có.
Tuổi Thân
Trong tay tuổi Thân khó có đồng nào lọt thoát, họ thuộc mệnh Kim nên là những người làm được ra tiền, đồng thời cũng tiêu tiền rất bạo tay. Họ nhanh nhẹn láu lỉnh, có thể kiếm tiền bằng rất nhiều cách.
Nhưng càng kiếm nhiều càng tiêu nhiều, may mắn rằng cũng chỉ là chi tiêu mua sắm, không phải những khoản “đầu tư ma” làm hao hụt lợi nhuận. Vì thế nên tuổi Thân cũng có thể “miễn cưỡng” xếp cuối trong bảng xếp hạng này.
Tuổi Dần
Người tuổi Dần luôn ôm giữ mộng tưởng về sự giàu có bậc nhất bản thân. Về số mệnh giàu sang thì tuổi này chỉ có 3 phần, chính vì vậy người tuổi Dần thường khá chật vật trên con đường chinh phục sự giàu sang của mình. Thường những người tuổi Dần sẽ trở thành tỷ phú khi họ đã ở độ tuổi trung niên. Thế nên, người tuổi Dần thường có tâm lý than thân trách phận, trách ông trời không công bằng vì bắt họ phải mất quá nhiều thời gian trong cuộc đời mới có được cuộc sống giàu sang mà họ khát khao bấy lâu.
(Bài viết chỉ mang tính chất tham khảo, cung cấp nội dung mang tính trắc nghiệm vui cho bạn đọc).

>> Mua bán cổ phiếu - Tư vấn đầu tư - Ủy thác đầu tư


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