Author: GE Xiao Yang

At around 8: 00 a.m. eastern time on February 24, Warren Buffett released his annual "Buffett letter to shareholders", and his Berkshire Hathaway also announced its 2017 results. Berkshire Hathaway's net asset income in 2017 was $65.3 billion, the book value per share of the company's An and B shares increased by 23%, and the tax reform brought a benefit of $29 billion.

Not long ago, Buffett's Berkshire Hathaway shares hit a record high of $315225 a share (January 12, 2018), or nearly 2 million yuan a share! Even after several flashes in the US stock market, its share price is still at $304020.01 (February 23, 2018).

Buffett, the "god of stock", certainly outperformed the market and outperformed most investors in 2017.

Buffett, who was born in 1930, is 88 years old and worth more than $80 billion. But even if he becomes one of the richest people in the world, Buffett of the post-80s generation is no different from when he was young, still working very hard to make money.

When I read the biography of Buffett in Snowball many years ago, there is a sentence in the book that still impresses me:Buffett wants to live as long as possible. He wants to make money until the last moment of his life.

"which stock do you like best, Warren?"

In 1940, the 10-year-old Buffett got a birthday present that he had always dreamed of-a trip to New York to see Wall Street.

Born in the small city of Omaha, Buffett has a father who works as a stockbroker. Buffett has been fond of hanging around his father's office since he was a child, in the ancient and majesticOmaha National Bank BuildingI read the trading column in Financial Weekly, looked at the changing stock prices on the blackboard, and read all kinds of investment theories on my father's bookshelf.

On a trip to Wall Street, 10-year-old Buffett visited Goldman Sachs Group's legendary CEOWeinberg. Buffett was haunted by that meeting, and the amiable Weinberg asked Buffett:"which stock do you like best, Warren?"

Buffett was also haunted by the New York Stock Exchange, where all the scenes made the 10-year-old Buffett excited. Back in Omaha, he worked passionately to make more money.

"money can make me independent, and then I can spend my whole life doing what I want to do."Buffett, who is 10 years old, already has this feeling.

Buffett, 11, announced that he would become a millionaire at the age of 35 after he found a book in the library, "1000 tricks to make 1000 dollars." In this book, Buffett first came into contact withCompound interestHe immediately realized the boundless imagination of "making money with money".

In 1944, the 14-year-old Buffett filed his first income tax of $7. In order to reduce the tax to $7, he tried to deduct his watch and bike as the business expense of delivering newspapers. But this is illegal and is tantamount to tax evasion. But Buffett at that time couldn't think of any other way to deduct the tax. That year, the 14-year-old Buffett had saved 1000 dollars, and then he began to look for"very wet snow."和"A long slope."。

Buffett has been looking for "compound interest" investment opportunities to make money money. When he was in high school, he finally found an opportunity. Buffett partnered with friends to buy a used billiard machine for $25, then persuaded the barber shop owner to put the billiard machine in the barber shop and share the profits with the owner. A week later, Buffett's income has been recouped. But Buffett didn't stop there. he used the money he earned to buy second-hand billiard machines, and another seven or eight billiard machines were placed in barber shops in the town.

Buffett witnessed the miracle of capital for the first time:Money can make money, just like it is one of its jobs.After this investment, Buffett's high school students are looking for Buffett to join. "everyone wants to join, just like a stock," Buffett sighed proudly.

Buffett actually invited Bill Gates to eat McDonald's Corp.You still use discount coupons!

Buffett devoted all his thoughts to making money and never cared about how he dressed.

He wore the same pair of ragged sneakers for years, and he could see falling socks under his baggy trousers; if he had to wear leather shoes, he would only wear a pair of badly worn leather shoes. and conspicuous yellow or white socks are exposed.

Until today, Buffett has become one of the richest people in the world, the only one who has become the richest man in the world by speculating in stocks, and he still maintains a very simple lifestyle.

The good American media summed up Buffett's six simple lifestyles, which was a real eye-opener.

Rule number one: Buffett still lives in the house he bought in 1958.

Do all billionaires live in mansions? At least Buffett is not. Buffett still lives in a house he bought for $30, 000 ($270000 today) in 1958.

For those who want to buy a house today, Buffett's advice is that if you want to buy a house, you need a full 30-year loan."30-year housing loan is the best financial instrument in the world."(the best instrument in the world), Buffett said in an interview.

In 1971, Buffett, then 40, was already a multimillionaire, but when he bought a seaside resort, he applied for a 30-year mortgage without hesitation.

In addition, Buffett still works in his office 50 years ago and has not changed places since.

Rule number two: Buffett's daily breakfast is McDonald's Corp.

If the market is particularly good, Buffett will reward himself with a breakfast worth $3.17; if the market is bad, Buffett will lower the standard and buy a breakfast worth $2.95; if the market is extremely bad, Buffett will choose a lower meal standard, buy a breakfast worth $2.61, and make do with his own Coke.

"Buffett never grew up eating, and he still loves things he liked when he was 6 years old, such as hamburgers, ice cream and cola."Buffett's best friend Bill Gates sharply exposed Buffett's hobbies in his blog.

Rule number three: Buffett is kind to his friends, but he will never squander it.

One of Buffett's best friends isBill Gates. How do the two richest people in the world maintain their friendship?

Extravagant, extravagant and extravagant every day, giving each other expensive gifts? It is said that Wang Sicong gave away 300000 yuan when he attended a friend's wedding not long ago.

This is certainly not Buffett's way of making friends. Bill Gates has a friendship with Buffett for more than 25 years, and he sums up the way Buffett treats his friends:He did his best to make people feel good and share the joy of his life.

Buffett treats guests with sincerity. As long as Bill Gates goes to Omaha, Buffett must drive to the airport to pick him up, and he will send some interesting news to Mr. and Mrs. Gates and so on. These are not expensive, but they are all ways to get away with it.

Rule number four: Buffett should be the last billionaire to still use Nokia

Buffett revealed in an interview with CNN in 2013 that he was still using a very old-fashioned Nokia phone.

Of course, he also has a black wallet that has been used for more than 20 years. Buffett never spends his money on cell phones, wallets and so on.

Rule 5: Buffett never wears couture, but almost only wears clothes made by a Chinese woman

Buffett never wears expensive couture.

Since we met in 2007Dayang ChuangshiThe founder ofLi GuilianAfter that, Buffett becameMadam LiFans of. All his suits come from the Dayang Chuangshi brand. Who is Li Guilian? Chairman of the Board of Dalian Dayang Enterprise Group, born in 1946. It can be said that it was Buffett who made Li Guilian popular. What is Dayang Chuangshi? It is the company that was listed in 2000, which was later backed by Yuantong Express.

"Madam LiThe clothes fit very well. I used to be rarely praised for dressing, but ever since I didMadam LiAfter designing the clothes, I was praised almost every time, "Buffett thought he was beautiful.

Rule 6: Buffett even uses discount coupons

Buffett not only uses discount coupons, but he also entertains Mr. and Mrs. Gates with discount coupons, which turns out to be McDonald's Corp's discount coupons.

Gates was overjoyed when he recalled the incident to the media. He said that he and Buffett were in Hong Kong. One day they decided to have lunch with McDonald's Corp. Buffett took out a discount coupon from his pocket when he was paying for it.

Buffett's talent for saving money is also estimated to be unbeatable.When his first child was born, he unexpectedly took out a drawer and used it as a crib. When the second child was born, he finally went to borrow a crib, but still didn't want to buy it!

Investing is like chasing a girl.To know everything about her in person.

In sharp contrast to Buffett's casual and unfastidious is his attitude towards work, that is, making money. He spends at least 12 hours a day reading and studying. Buffett reads more than 500 pages of material every day.

Buffett saidOnly by reading a lot will you discover how knowledge works. Its power is like compound interest.

Buffett's daily regular readings include news reports such as the Wall Street Journal and the New Yorker, as well as daily, weekly and monthly reports from Berkshire Hathaway companies. From these reports, Buffett needs to know how many insurance policies his insurance company has sold, how many candy companies have sold, how many prison detention orders the clothing company has won, and how many planes have been sold by the jet company. Of course, Buffett can remember many of the various businesses of other companies, including cola, rings, ice cream, natural gas, newspaper advertisements, vacuum cleaners, etc., and a wide variety of product sales, costs and other data.

In addition to the vast amount of information above, Buffett will ponder the reports of hundreds of companies in the market that he did not buy, partly out of interest and partly in case he needs it in the future.

One day in 2004, Buffett, 74, took a thick book the size of an encyclopedia about the South Korean stock market from a colleague.

Buffett has been studying the global economy, and he thinks there are some opportunities in the South Korean market. So he began to flip through the tome page by page, delving into line by line of figures. When confronted with numbers or jargon that puzzled him, Buffett began to learn another book about South Korean accounting standards so that he would not be easily confused by those numbers.

After unremitting reading and study, Buffett has to pick out several stocks that can be considered for investment from the stocks of thousands of South Korean companies, probably all of which can be put down with a piece of A4 paper, on which there may be several well-known large companies. but most of them are unknown small companies.

When asked why he had to do the basic work himself, Buffett's answer was, as always, full of "Buffett humor":Just like you want to know a girl, you have to know everything about her yourself.

For decades, Buffett is through such a simple, but high-intensity approach, to learn the capital markets, looking for good investment opportunities, Berkshire Hathaway a share of more than $300000 of ultra-high performance.

Let more people win the "ovary Lottery"

Buffett once said that he only gives his children a few thousand dollars a year and tells them that when he dies, each child may only get an inheritance of $500000. However, Buffett also said that as he gets older, he becomes more and more generous, and whenever he changes his will, he wants to leave more inheritance to his children. In spite of this, the wealth left to his children is only a fraction of all his wealth.

Buffett thinks:The money is enough for them to do something, but not enough for them to do nothing but enjoy it.

Buffett is not saying one thing and doing another, he can really do what he says.

Buffett's daughter Susie is pregnant and needs to simply decorate her home in order to adapt to the pregnancy and the child's daily activities, at a cost of about $30,000.

Susie went to her billionaire dad for help and listened to Buffett's answer:Why don't you go to the bank!Buffett rejected his daughter with such an unkind sentence. Buffett also gave a solemn explanation, saying that the main force of the football team has retired and the team will not promise to give the main force of the child the position of the main force.

| | details of Buffett's charity lunch winning bid over the years |

In Buffett's view, this so-called "inheritance" and "heredity" runs counter to his understanding of fairness.

In 2006, Buffett, 76, announced that he would "donate naked", donating more than tens of billions of dollars worth of Berkshire Hathaway shares to charity. Most of them were donated to his lost friend and bridge friend, the Gates Foundation founded by Mr. and Mrs. Bill Gates.

Buffett's donation of such a large amount is unprecedented in the history of charity in the world. Buffett has only one request:The money donated by oneself must be used for the benefit of mankind, not as the maintenance fee of the foundation.

Buffett donated the highest personal charitable donation in history, but did not consider leaving any fame and fortune for himself. He did not ask for his name to be engraved on the building, in the university, or even named any charity project after himself.

Buffett has his own understanding and understanding of this. He said that he was very lucky to be born in the United States, where the economy is developing rapidly, and it is only under a sound economic system like the United States that he has achieved today's success. if he had been born earlier, or if he had been born in another country, he would not have been able to achieve success. so he won the ovary lottery at birth.

Therefore, Buffett does not support inheriting wealth because he believes that money should be used to improve human life and social progress, regardless of gender, race or religion. This is the best feedback to society.

So Buffett is still working hard to this day because he hopes to earn more money to donate money in his lifetime.

Why make money until the last moment of your life?

In an interview, Buffett said that he knows that people pay attention to him because they want to get the secret of making money and the strategy of investing, but what he wants others to remember isHe just does what he likes to do in a happy mood every day.

In Buffett's view, a really rich life is doing a job he likes and is willing to fight for it until the last minute of his life. For him, the job happens to be making money.

So if you also like to make money and want to succeed, you need to find a way to get started immediately. Countless people do not make money, do not succeed, because they have been waiting, or they started, but did not persist. If you have other interests, then if you can stick to it, you will benefit a lot from it in the end.

So, when you complain, when you feel that your life is very "bereavement", think of Buffett working hard for decades, working 12 hours a day and reading more than 500 pages a day at the age of 88. You will feel that hard work and harvest is really a very fair thing.

Instead of complaining every day, take action!

I hope you can find a career that is willing to work until the last minute of your life in the new year.

Source: Qin Shuo's moments