Sunday, April 5, 2009

Warren Buffet's Wisdom

Hard work: All hard work bring a profit, but mere talk only leads to poverty.

Laziness: A sleeping lobster is carried away by the water current.

Earnings: Never depend on a single source of income (At lease make your investments get you a second earning)

Spending: If you buy things you don't need, you'll soon sell things you need.

Savings: Don't save what is left after spending; Spend what is left after saving.

Borrowing: The borrower becomes the lender's slave.

Accounting: It's no use carrying an umbrella, if your shoes are leaking.

Auditing: Beware of small expenses; A small leak can sink a big ship.

Risk-Taking: Never test the depth of the river with both feet (Have an alternate plan ready).

Investment: Don't put all your eggs in one basket.

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