Trading Success from WARREN BUFFETT

Trading Success from WARREN BUFFETT

Warren Buffett: Success Story

When the talk is about stock market trader success, the first name that pops up in mind is Warren Buffet. The reason for his popularity and success is his simple, unique lifestyle which everyone should know. Here are some of the unique things one should know about the Billionaire Man.

1) HE DRINKS MINIMUM 5 COKES EVERYDAY

The Billionaire Warren Buffett is also known for his eating habits. His diet is not that healthy but he is fit at the age of 87. He read somewhere that the death rate of kid of 6 years old is less. So, he started ice creams and chocolates . The calorie intake of Mr. Warren is 2700 per day out of which 25% is from coke.

2 ) HE DON’T USE COMPUTERS AND SMART PHONES

Warren is not using Computer and Smartphone. There are millions of his Followers on Twitter, but he never ever tweet.  He believes excess usage of Gadgets is not good for the mind.

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3) HE READS DAILY FOR 6 HOURS

He spends most of the time in reading and thinking. Warren spends his time reading books and annual report.

4 ) HE SPENDS VERY LESS

Warren is world’s second richest person but his expenditures are very nominal. He lives in ordinary house, drives car by own, wears cheap clothes. He always believe in two rules.

1) Rule 1. Don’t waste your money

2) Rule 2. Never forget rule no.1

5 ) HE LIVES IN HIS OLD HOUSE

Warren lives in their little 5-room old house, which he bought in 1958 $ 31,000. Till date He has not purchased any other home or ever invested in property.

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6 ) HE NEVER SPENDS MORE THAN 3.17$ FOR BREAKFAST.

Warren daily breakfast comprise of Oreo biscuits, ice creams and others. When he is not able to eat at home, he gets Macdonald cheese burger, Sausages or egg to the office. Since 54 years he not spend more then $ 3.17 per day on eating. When his If their shares are running bad then he spends an average of $ 2.62 and when the shares are running good he spends $ 3.17. He always believes in keeping cash in hand, so that excess amount is not spent.

7)  HE NEVER PLACE PICTURES ON WALLS OF OFFICE OR HOME

He sticks headlines of the newspaper on the walls instead of pictures. The headline gives him motivation to invest in stock market during bad times. He says that with every bad news, the market always rise and gives you chance to invest.

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