Introduction: Financial and personal investment
Warren Buffett and I have something in common. We are both unofficially, presumably and more or less affectionately known as the The best, him as the world’s largest equity investor, me as the world’s largest welfare authority. (So far, I’m the only person writing about REAL wellness, which puts me at the top of this awesome category.)
Warren is the CEO of Berkshire Hathaway – he has $ 85 billion in his bank accounts; I founded nothing, my bank accounts are smaller than Mr. Buffett’s but strangely, Mr. Buffett’s views on investing parallel mine on welfare.
I will explain how my perspective on health-related issues reflects Warren’s beliefs about investing in stocks. Well, if it’s not quite a mirror, then certainly a vague resemblance if you look closely enough for such a confluence.
I believe that the best way to thrive and thrive, and to do so with minimal dependence on doctors, drugs and medical treatments, is to understand and adhere to a TRUE wellness lifestyle. . TRUE in TRUE Wellness is an acronym, representing the dimensions of reason, exuberance, athleticism and freedom. A set of lifestyle principles in each of these four dimensions complements Warren Buffett’s Rules of Investing.
Rules for investments of two kinds
I discovered this alignment largely through my personal knowledge of The best authority over the Sage of Omaha, namely Robert P. Miles. Bob is the author of the best-selling books on Mr. Buffett, including Warren Buffett’s CEO: Secrets of Berkshire Hathaway Managers and 101 Reasons To Own The World’s Biggest Investment: Warren Buffett’s Berkshire Hathaway.
ï ”¿My impressions of the connection between Mr. Buffett’s rules and my ideas on REAL wellness were also somewhat supplemented by two short investing articles. One was that of Stéphanie Loiacono Rules by which Warren Buffett lives (Investopedia, June 24, 2019), the other Seth Spears Warren Buffett’s Ten Rules of Success (Spears Marketing, January 23, 2012).
There are many investment rules attributable to Mr. Buffett, many of which have actually been expressed. Let’s take a look at these authentic rules that best reflect and correspond to the TRUE principles of wellness. I will state ten Buffett rules and then comment on each.
Rule # 1: Never waste money.
In the case of TRUE well-being, do all you can to never lose your health. This rule cannot be left to chance. There isn’t much you can do about many of the major factors that affect your well-being (eg, biology, culture, and the environment), but a healthy positive lifestyle is in your hands.
Rule # 2: Never forget rule # 1.
Ditto the REAL well-being.
Rule # 3: If the business is doing well, the stock eventually follows.
If your culture and environment are supportive (that is, your friends and family adopt healthy lifestyles and behaviors, you will likely do the same. Choose your friends wisely and, if necessary, put in some extra care. distance between you and the hooligan, course or behavioral parents.
Rule # 4: The most important quality for an investor is temperament, not intellect.
To thrive and flourish, focus on emotional and psychological attitudes and beliefs that promote serenity, adaptability, and abundant exuberance.
Rule # 5: The stock market will experience fluctuations – stay focused on your investment goals and stand steadfast during market turmoil.
Life is shaped by random events; control what you can with smart personal choices, knowing that setbacks will strike even the most conscious and careful of us.
Rule # 6. Reinvest your profits.
This rule implies taking care to protect one’s heritage, that is to say to avoid risking the capital necessary for the common desires of a good life. From a wellness standpoint, the lesson is not to compromise basic resources (eg, physical mobility) with thrill-seeking for momentary rewards.
This, of course, is difficult if not impossible for very young people and most adolescents, but for sedentary adults it is doable and wise. Especially in old age, stay away from momentarily attractive excesses (for example, wild parties, drugs, excess alcohol, and associations with shady or deplorable characters).
Rule n ° 7. Be prepared to be different.
Do not accumulate your points of view and ideas on questions arising from it. Exercise your right to discuss all important, serious and material matters. Do it with candor, skill, and consideration for a variety of audiences. Identify the nature and correctness of your unpopular views, then be different at strategic times, or just have fun with your friends, especially on issues related to politics, gender, and religion.
Rule n ° 8. Be decisive. Mr. Buffett puts it this way: never suck your thumb.
This of course means providing for yourself after making choices, avoiding oversized or limitless thinking to the point of paralysis. Such sulking results in disorienting stress, loss of opportunity, and / or the appearance of being fearful and weak. Even when decisions turn out to be questionable or worse, if you’ve acted on the best information available, your wrong choices deserve respect (from yourself). Learn from good and other experiences and move on, wiser and firmer, purposeful and unwavering.
Rule # 9: Be persistent. Cultivate tenacity and ingenuity.
If it was easy to think critically, overcome dogmas, resist flimflam artists, crooks and superstitions, live exuberantly with great joy and meaning, dine well (healthy) most of the time. time to look good and be in shape and live pretty much the kind of life you cherish, who then who wouldn’t? Not a lot. Living well in a way that maximizes well-being and allows you to thrive and flourish requires that Mr. Buffett’s 9th Rule for Persistence in Investing be applied to your lifestyle. That is, you have to be decisive – do whatever it takes to cultivate toughness while ingeniously guiding yourself in both mental and physical ways.
Rule No.10. Know what success really means.
How will you understand if you are sick or healthy, happy or sad, successful or unsuccessful, fit or unfit, alive or nearly dead, unless you have a clear idea of what it means to be good next to these and other dichotomies? Develop a curious nature about the significance of superb health beyond mediocre standards. Seek out information about what is possible about your exercise abilities, given your age, current functional status, resources, and overall situation, then assess ways to move beyond just getting by, in a low level condition or normality, like most others that you observe. Discover the nature of the exceptional functioning and the multiplicity of the ways to go further in the direction of a life with high capacity.
Mr. Buffett fully understands that even with the mind-boggling amount of wealth in his personal accounts, the quality of his existence is not so measured. Instead, its success stems from decades of spending resources that alleviate global problems, alleviate miseries, and provide opportunity for the many. Ultimately, it is the way he uses his abilities and the unique role he plays in life that reflects his invaluable personality, the most precious element of worth and merit.
If you want to draw attention to your ideas, find someone who you can relate to them with. Doing so will make you look more sane than you actually are. I don’t want to brag about it, but I don’t think I could have adopted a better model of TRUE wellness rules than Warren Buffett.
Hope he doesn’t mind.
(Postscript – Response from Robert P. Miles):
I have often thought that Don Ardell and Warren Buffett were brothers from different mothers. Although you and Warren don’t share your diet (he drinks six cherry coke a day, doesn’t like veggies, exercise, or water – he prefers See’s chocolates and Dairy Queen sundaes – 300 at 600 calories), you still have a lot in common.
You are both in their 80s, have younger wives, are politically similar, frugal, agnostic, unconventional thinkers, voracious readers, excellent communicators and seem to deprive yourself of every drop of life or, as your idol Ingersoll has advised. , suck the life orange dry.
Finally, I suspect that the two of you might prefer, when the end finally comes and a parade of celebrants marches past your respective coffins, that no one is suggesting that Warren was the richest, or Don was the fittest, but rather that Warren and Don were certainly among the oldest.