Warren Buffett’s Secrets to Business Success – According to Wikipedia, Warren Edward Buffett (born August 30, 1930) is an American investor, businessman, and philanthropist. He is one of the most successful investors in history, the primary shareholder and CEO of Berkshire Hathaway, and in 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion. In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of $40 billion.
What keeps Warren Buffett one of the wealthiest business leaders in the world, up at night? The answer is, he is optimistic about opportunities in the economy now emerging his careers was built from day one on a sense of optimism.
Making predictions and putting money behind those predictions is what makes Warren Buffett one of the wealthiest people in the world. Every time he buys a stock or a business or some other investment, he’s forecasting the future.
Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions.
Of course, it helps when you can give your predictions plenty of time to come true. That’s one reason Buffett’s favorite holding period for investments in “outstanding businesses with outstanding managements” is “forever.” After all, “We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.”