Wednesday, November 09, 2005

Warren Buffett Sat Here Once

Right here in this chair. Right where I'm sitting. It was a while back, several billions dollar ago. But he sat right here. And he sat in your chair too.

Every successful person starts where you start. The probability of success is defined by the person, not the situation. Your biggest obstacle is yourself.

Everybody loses, nobody wins all the time. Warren Buffett lost lots of money on airline stocks. He was forced to close a failing convenience store. But his biggest failure turned into his main reason for success. Berkshire Hathaway was the merged company for two fledgling textile companies. Both companies were losing money, fast. Buffett had bought a tired, old company with no future. This is where most people quit. Of course, Buffett didn't quit. He quit pouring money into the two companies and used that extra money for other investment opportunities. The rest is history.

You don't need to be Warren Buffett in order to be successful. Success is measured by one person: you. We all start in the same place. Your distance from the starting point is up to you.

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