Inspiration & Motivation Blog

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Lessons From Warren Buffet

March 7th, 2010 in Life & Happiness, Success

warren buffet

Photo by Ngoc Nhan

CNBC held a one hour interview with Warren Buffet, the richest man in the world today who has donated up to $31 billions to social activities. Let’s look into some interesting aspects of his way of life revealed in that interview :

1. He bought his first investment share at the age of eleven, but he said it was actually too late for he should have done that at earlier age.
TEACH YOUR CHILDREN TO MAKE INVESTMENT AT THE EARLIEST AGE POSSIBLE.

2. He bought a small field at the age of fourteen using the money he earned from delivering newspapers.
SMALL SAVINGS CAN ALWAYS BUY SOMETHING.
TEACH YOUR CHILDREN TO START UP SOME BUSINESS HOWEVER SMALL IT IS.

3. He still lives in his small house of three rooms where he has been living since his marriage fifty years ago. He said : “I have everything I need in that house.”
DON’T BUY ANYTHING YOU DON’T REALLY NEED, TEACH THIS TO YOUR CHILDREN.

4. He always drives his car himself wherever he hoes. He manages with no driver nor bodyguard.
BE YOUR OWN SELF, BE INDEPENDENT.

5. He never travels in his private jet although he owns the world’s biggest jet airliner company.
ALWAYS THINK THAT WHAT YOU HAVE IS ENOUGH.

6. His company, Berkshire Hathaway, has 63 affiliated companies. Every year he sends only one written message to each of his CEO, informing them the annual target of the year. He never holds any meeting nor summons them.
PUT THE RIGHT MAN IN THE RIGHT PLACE.

7. He only sets two rules for his CEOs :
1. Don’t waste the shareholder’s money
2. Don’t forget rule number 1
SET UP A TARGET AND MAKE THEM FOCUS ON THAT.

8. He doesn’t attach himself to any high society. He spends his time at home eating popcorns and watching TV.
DON’T TRY TO SHOWOFF, BE YOUR SIMPLE SELF.

9. Warren Buffet carries no cellular phone and has no computer on his table.

10. Five years ago Bill Gates who ranks first among the richest, made appointment to see Warren Buffet. Instead of thirty minutes he allocated for the meeting, Bill Gates ended up spending ten hours to learn how to become someone like Warren Buffet.

He has this advice for young men :
Keep yourself away from bank credits or credit cards, and invest only what you have. And bear this in mind :

A. Money doesn’t make people, it is people that makes money.
B. Live a simple life of your ownself.
C. Don’t do whatever people tell you. Listen to them but do only what is good.
D. Don’t wear trade marks, wear what makes you really comfortable.
E. Don’t waste your money on something that’s not really important.
F. If it works successfully in your life, share and teach other people.

A Happy person is not someone who is great in all things, but someone who can find simplicity in life.

Choose wisely your way of life!

Follow Your Bliss

February 18th, 2010 in Life & Happiness

bus driver

Photo by kdriese

Author Joseph Campbell often talked about “following your bliss.” I heard of a bus driver in Chicago who does just that. He sings while he drives. That’s right… sings! And I don’t mean he sings softly to himself, either. He sings so that the whole bus can hear! All day long he drives and sings.

He was once interviewed on Chicago television. He said that he is not actually a bus driver. “I’m a professional singer,” he asserted. “I only drive the bus to get a captive audience every single day.

His “bliss” is not driving a bus, though that may be a source of enjoyment for some people. His bliss is singing. And the supervisors at the Chicago Transit Authority are perfectly happy about the whole arrangement. You see, people line up to ride his bus. They even let other busses pass by so they can ride with the “singing bus driver.” They love it!

Here is a man who believes he knows why he was put here on earth. For him, it is to make people happy. And the more he sings, the more people he makes happy! He has found a way to align his purpose in living with his occupation. By following his bliss, he is actually living the kind of life he believes he was meant to live.

Not everybody can identify a purpose in life. But when you do, and when you pursue it, you will be living the kind of life you feel you were meant to live. And what’s more, you will be happy.

About The Author: Steve Goodier Publisher@LifeSupportSystem is a professional speaker, consultant and author of numerous books. He has become a global voice of inspiration. Visit his site site for more information

5 Weaknesses of Leaders of Sun Tzu Style

February 6th, 2010 in Leadership

sun tzu style

Photo by Al-khairi

“The greatness of a leader will determine achievement of success. The weakness of a leader will drag his followers into defeat.”

A leader takes a very vital role in winning a war. That’s shy in the book: “13 war strategies of Sun Tzu”, the figure of leader is the central point. The great capability of a leader will determine the success achieved. On the contrary, the weakness of a leader will take his followers into defeat. This war strategy of Sun Tzu is already more than 2500 years old but up to this moment it is still relevant in discussing the role of leaders.

In the first edition of “EXTRAORDINARY” magazine, I talked about 5 principles of leadership of Sun Tzu style. But now, I am going to talk about the opposite. It is discussed in chapter 8 about 9 variant which describes 5 weakness of a leader, surely this will be useful as a means to evaluate and appraise the quality of our leaders. Let us now look into the 5 weaknesses of leaders of Sun Tzu style.

1. A Reckless Leader Might Get Killed

In a war, courage is one power a leader must have. But, courage with no consideration comes with considerable risks of falling into defeat. Courage is not just a determination covered with recklessness. A leader who manages to go to war with no concept nor strategy is doomed to disastrous recklessness.

2. A Cowardly Leader Might Get Captured

A leader having a pretty soul laden with worries and fears will always hesitate in making decisions. If he keeps this attitude in any of his action, enemy would easily anticipate his moves. So in any opportunity he would fall into enemy’s hands.

3. A Temperamental Leader Might Easily Be Provoked

Anger will only sink a person to the “grave” of his ego which then easily plunge him into troubles. Emotional or temperamental attitude of a leader will fully expose him to provocation. This will eventually lead him into acting recklessly and fooling himself so a temperamental leader could very likely fall trapped into some “mud-hole” ready to ruin him.

4. A Megalomaniac Leader Might Easily Fall Victim To Slander

If a leader is too anxious to defend his honour and to glorify his status and position, it might make him an easy target of slander. Such a leader, especially in pursuing higher title, might tend to act recklessly to achieve his ambition. In such condition he might be accused of selfishly promoting himself while reglecting the true essence of his struggle.

5. A Submissive Leader Might Be Disappointed

Compassion is a noble character that must be firmly retained. Nevertheless a leader who is too easy to show compassion could just be disappointed. An excessively unconsidered compassion for his people will just cause troubles. Any policy decided only after much judgement is likely to waste so much time as to miss any good chance coming along at the time.

These five weaknesses of leadership of Sun Tzu style is highly relevant to today’s business condition. These weaknesses are commonly found everywhere. For example: price competition. A newly emerging communication gadget producer went straight to shake the market aggressively. Their advertising campaigns appreared everywhere. They even date “to challenge” rival products already having mature established market. But this brave action was not supported by a well-planned stocks and after sales service. So while the aggressive advertising campaigns did attract many customers, the stocks were not there to meet the demand. So such reckless courage eventually proved futile.

For another example we may see how goes the competition among big brands in retail business. As soon as one product comes out with aggressive promotion, its competitors, feeling threatened, will follow suit, even in wildly excessive style. The fund poured for promotion expenses is consequently just to appease emotional drive. The sooner one rival brand launches its new product, the sooner its rival product are extensively distributed in the market, even with no proper plan, as it is merely “to react” to the challenge its rival imposes. If business is run on such emotional judgement, it will only inflict “a war” that will exhaustingly consume up a lot of money and energy. Unconsciously they neglect the interest of consumers which should indeed be the main focus at the first place.

The two examples are just simple illustration of what we can see everyday. In truth, the essence of these five weakness of leadership can further be applied more in our lives at any field. Expectantly it would evoke our caution to keep improving and evaluating our efforts. So let us study and adopt this lesson of Sun Tzu as a “warning” to prevent us from getting trapped in attitudes that could weaken us. Aside from that, we must keep developing our leadership attitude based on mental value to achieve victory.