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How to Become a Billionaire - Warren Buffett
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How can a regular person turn himself into a billionaire? In this video Warren Buffett answers the question on how he'd make $30 billion dollars starting from as low as $10,000.
ߓ Key Points - what we've learned:
1. Start young to utilize all the power of compound interest.
2. Focus on smaller companies and find some opportunities overlooked by Wall Street.
3. Buy into good businesses at attractive prices.
4. Do it on your own.
Three more tips from Charlie Munger:
5.1. Be rational.
5.2. Be eager and opportunistic.
5.3. Underspend your income (live way below your means).
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#Buffett#Billionaire#Investing
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