I recently read Warren Buffett’s Ground Rules. It’s a book about Warren Buffett’s investing principles in his partnership years (1956 – 1970), the years before Berkshire Hathaway. The idea of the book is that he managed a relatively small sum back then so the principles are more applicable to individual investors. The book is an investing book, but also I learned life lessons from it. Here are eight timeless life lessons from Warren Buffett that can help you get ahead in life:
When the going gets tough, the tough get reading. There’s no better way to instantly lift your spirits up, change your chain of thought and escape to a whole new world, than reading. Reading a good book is akin to living in the author’s world and learning from their treasure of experience.
Almost half of the decisions you make are simply based on habits. According to a paper published by Duke University, habits are neurological shorthand that frees our minds from the stress of decision making. This behavioral shorthand gives us more bandwidth to focus on unique tasks of our lives.
As you might know, I’m a big believer in self-education. I believe that everyone should embrace lifelong learning and that it’s important to have a knowledge advantage. A big part of self-education is reading books. For that reason, I’m always eager to know what good books are out there.
Are you curious about the world? Do you follow your curiosity? A while back, there was a talk featuring Bill Gates and Warren Buffett. Interestingly, when asked about an important trait they have, they both had the same answer. Their answer was curiosity. They both said that curiosity plays an important role in their success.