9 daily habits of Warren Buffett by Isaac Fox - Summary of the book - Must Read

9 daily habits of Warren Buffett by Isaac Fox

Summary of the book

Habit # 1 Reading + Numbers

Read as much as you can.

Invest time in books, blogs, journal and articles.

Habit # 2 The principal of compounding

Invest and wait patiently for compounding to take effect.

Buffeett earned 90% of his wealth after turning 52 years

Habit # 3 Power of isolation

Buffett stays away from internet i.e. Noise

Message is to disconnect and deep think to understand what we really want and focus on what is really important

Habit # 4 Circle of competence

Buffett advises to operate within your circle of competence.

Invest in ideas that you understand the most.

Habit # 5 Inner scorecard or outer scorecard

Always have an inner scorecard means do things what make you happy and content VS doing things to impress the world even if you don't like them.

Habit # 6 Do what you love

Buffett said, Doing a job that you don't like is like saving up sex for your old age.

Basically, he meant, do what you love and you will start loving your job and life.

Habit # 7 Cash is king

Buffett advises to keep a good chunk of cash always

This cash can come to rescue in adversities and deep panics

When a great opportunity presents, only those left with cash can only catch it.

Habit # 8 Invest in yourself- Pay yourself first

The biggest client in the world for you in YOU

Invest in learning or enhancing your skills

When you get your paycheck, Invest first and then spend

Habit # 9 Time Management

Manage your time effectively because this is all you have

Learn to say NO so you don't waste your time and life in unproductive and non-valuable things. 

 Source: @Thestockbox1(Twitter)

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