This is a 20 17 film. At that time, Buffett was 86 years old. His life is simple and even monotonous. He drives to work every day, buys a McDonald's on the way and sits in the office reading. ......
This is too dull. The life of the rich in my mind is far from this.
To tell the truth, the whole movie is very dull. If you come here with the secret of getting rich, you may be disappointed.
A lot of pen and ink in the film falls on Buffett's growth experience, family interviews and daily life.
When I saw it, it was flat and faint. After reading it, I had an unexpected aftertaste.
Some fragments linger in my mind for a long time, reflecting Buffett's philosophy of life.
At the beginning of the documentary, Buffett threw a question to the students. If you could have a car you like and it was the only car in your life, what would you do?
Of course, take good care of it.
Buffett said: "We will not have only one car in this life, but only one body and brain."
Aside from Buffett's status as a stock god, an 86-year-old man still works every day and can drive himself to and from work. Such physical and mental conditions are enviable enough.
Buffett has two investment principles: first, don't lose money; Second, please always remember the first.
In Buffett's office corridor, there is a 7-point old The New York Times, which was born during the economic panic.
He wants to put the real panic years on Wall Street on the wall to remind himself that anything can happen in the world.
When Buffett and Bill Gates first met, Gates' father asked them to write down the most helpful word. They all wrote the same word: concentration.
There is a saying that a fish's memory is only seven seconds.
Now people's concentration may only be seven seconds. After brushing a short video, go to the next gossip hot search. ......
It's sad to calm down and look at the word "concentration"
I am 30 years old. Before that, I haven't found a long-term focus. Occupation also spans all circles, including venture capital circle, catering circle and education circle. ......
When I was 27 or 28, I was anxious about it for a long time.
Until recently, I finally found the focus of my life-investment (investment in a broad sense).
Buffett said: "Everyone only needs to focus on one thing in his life. 」
Buffett's partner Charlie Munger once commented:
"There is no smart person I have ever met who doesn't study every day-no, none.
You may be surprised at Warren's reading. He is a book with two legs. "
Buffett loved reading since he was a child, and reading greatly changed his life.
At the age of seven, Buffett borrowed a copy of 1000 ways to earn $ from the library and began to explore the business world.
Until he was in his 80s, Buffett still read five or six hours a day.
He said, "everyone can read the books I read. This is a level playing field."
His office has no computer, no smart phone, only books on the shelf and newspapers spread out on the table. He just sits there reading and studying every day.
Buffett said that you don't need to be proficient in many companies, you just need to have several companies in your ability circle.
For your competence circle, the most important thing is not the scope of competence circle, but how you determine the boundary of competence circle.
If you know the boundary of the competence circle, although the competence circle is five times larger than you, you will be much richer than those who don't know the boundary.
If you have an economic castle, people will occupy it and drive you away, so you'd better have a moat.
What is a moat?
Commercially speaking, moat mainly refers to the structural competitive advantage of enterprises, which can not only have long-term advantages, but also help enterprises maintain a high return on capital for a long time and prevent competitors from imitating or copying.
Life is like a company. If we want to build a lasting foundation, we should also build our own moat.
Buffett said that life is like snowballing, and it is important to find wet snow and long slopes.
90% of his wealth is accumulated after the age of 50, which is the compound interest of investment.
The same sum of money, spent and gone, suddenly happy.
But if you save, invest and enjoy compound interest, you can get long-term happiness.
This reminds me of the documentary "Money and Me". A behavioral economist conducted a social experiment, and most people seriously underestimated the power of compound interest.
Looking at Buffett's wealth growth chart carefully, it is not linear, but slow growth in the early stage and explosive growth after accumulating to a certain turning point. This is the power of compound interest.
This film has too much life wisdom to be tapped.
Bezos once asked Buffett, your investment system is so simple, why are you the second richest man in the world and others don't do the same thing as you?
Buffett said, because no one wants to get rich slowly.
Yes, the truth is always simple, but it is difficult to do it:
Take care of your body and brain.
② Don't lose money.
③ Stay focused.
④ Continue reading.
⑤ cognitive ability cycle
⑥ Build a moat
⑦ Compound interest thinking
I hope I can continue to study and practice, precipitate my wisdom in life, and live my life in vain. * * * Encourage.
I am Xiling, a practitioner of the fire movement.
The goal is to be financially free at the age of 40 and retire early.
I will continue to share savings, financial management and fire fighting activities.
If you are interested, communicate more; )