What can we learn from Roger Lowenstein who studied Warren Buffett?

Ladies, be a supportive mother and wife. Warren’s mother often skipped her dinner to give her husband a full portion.

Some rejections / failures may be a blessing in disguise. Warren Buffett applied to Harvard for a graduate study to Harvard but was rejected, so he went to Columbia where he met Benjamin Graham.

Learn public speaking and just do it. This is an important aspect of communication. Warren Buffett learned public speaking from Dale Carnegie and apply it by giving a night course on “Investment Principles”.

Live frugally. There is nothing wrong with being financially rich, but it is a virtue to live frugally. Adopt a minimalist lifestyle.

Do not follow the crowd. You try to be greedy when others are fearful and you try to be very fearful when others are greedy.

Remember that compounding interest is magical.

Warren Buffett believes that the best returns come from leaving good people alone to do what they know best. Give independence to responsible people.

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