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Warren Buffett Quotes on Life and Investment 2018 - YouTube
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Warren Buffett is the most famous
investor
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in the world. He's worth 90
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billion dollars.
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How did he get so rich?
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What is going on in his head?
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Let's take a look.
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Hi, I am Markus Heitkoetter
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and I help people to
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make more money,
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have more time,
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and have more fun in their lives.
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People come to me because they feel
stuck
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in their lives and they want to know
what exactly
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I did to become a multimillionaire,
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who is now travelling the world
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and enjoying life.
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When I'm in my live events,
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I ask people 'who is the most
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famous investor in the world?'
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The answer is always Warren
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Buffett. His net worth is 90
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billion dollars so he's
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doing something right.
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How did he get so rich?
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Here are the five best
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quotes from Warren Buffett that
reveal
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how he thinks.
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Number five: Be fearful
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when others are greedy
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and be greedy when others
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are fearful.
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This is one of the core principles of
Warren
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Buffett's investment strategy
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and I like it a lot.
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The idea is to buy when everybody
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else is panicking
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and to sell when everybody
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thinks 'This is awesome!'
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I am using this principle for my
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real estate investing
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and you see, right now prices for
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houses are at an extreme high
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here in Austin.
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I own two apartment complexes
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that I bought three years ago
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and I am selling them right now when
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everybody thinks that this
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is a great investment opportunity.
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Do the same
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with trading stocks.
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I always say if your Uber driver
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tells you about a stock,
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it's time to sell.
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So, be fearful when others
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are greedy and greedy when
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others are fearful.
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Number four: It is not necessary
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to do extraordinary things
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to get extra ordinary results.
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You don't have to be a genius!
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Focus on being consistent.
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You've heard the saying,
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'A Journey of a thousand miles
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begins with a simple step'
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and then you take the next one
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and another one
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and I'm using this principle
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in my trading.
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I am aiming for small
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but consistent profits.
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To me,
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consistent profits are more important
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than windfall profits that might
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occur every few years.
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Think about a football game.
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How do you win a football game?
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By moving the ball consistently
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towards the goal line
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and not by throwing a Hail
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Mary every single time,
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right? Number three: Risk
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comes from not knowing what
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you are doing.
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Always do your homework
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know what to expect.
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If you want to play a game,
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you need to know the rules of the
game first,
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right? If you're anything like me,
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I am actually looking up this
strategy
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for a game before I play it.
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As an example,
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recently my kids wanted to play Clue
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with me, so I learned the rules
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and then I looked up the best
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strategy for Clue on the Internet.
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And yes,
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I won the game!
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If you want to make money
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with trading, you should not only
know the
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rules. The rules are simple.
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You actually need a strategy
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so that you can win the game.
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Number two: The difference between
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successful people
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and really successful people
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is that really successful people
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say no to almost
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everything. I love this
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quote especially when it comes to
trading.
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I don't know about your inbox,
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but every day,
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I am receiving emails about a
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new trading strategy
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or a new investment strategy
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and you see,
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it is important to focus
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and say 'no' to everything
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else. Pick a trading strategy that
makes
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sense to you
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and then stick
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with it. Don't get distracted.
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Focus! Keep in mind,
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the grass looks always greener
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on the other side.
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Why? Because It's fertilized
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with bullsh**! Number one:
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If you don't find a way to make
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money while you sleep,
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you will work until
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you die!
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This quote has changed my
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life. I was working
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as a director at IBM,
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slaving away 60,
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70, 80 hours a week
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and yes,
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I made good money.
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I had a nice six figure income
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but I realized that if I don't find
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a way to make money while I sleep,
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I will work for IBM
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or somebody else until I
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die.
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And that's why I decided to quit my
job
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move from Munich in Germany to
Austin,
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Texas to become a trader.
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These are my favorite quotes
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from the billionaire Warren Buffett.
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Which one is your favorite quote?
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Did I forget a quote that you like a
lot?
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Let me know in the comments below.
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I hope you enjoyed watching this
video as
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much as I enjoyed making it for you
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and if you know anybody who might
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find this video helpful,
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feel free to share it
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and I'll talk to you soon.
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