{"id":173949,"date":"2022-01-17T00:00:00","date_gmt":"2022-01-17T00:00:00","guid":{"rendered":"https:\/\/ceotudent.com\/?p=173949"},"modified":"2022-01-31T23:51:34","modified_gmt":"2022-01-31T20:51:34","slug":"warren-buffets-one-sentence-life-lesson-for-a-14-year-old","status":"publish","type":"post","link":"https:\/\/ceotudent.com\/en\/warren-buffets-one-sentence-life-lesson-for-a-14-year-old","title":{"rendered":"Warren Buffet&#8217;s One-Sentence Life Lesson for a 14-Year-Old"},"content":{"rendered":"<div class=\"line nText\">In the speech of Warren Buffet, one of the richest people in the world, at the annual meeting of Berkshire Hathaway, of which he is the CEO, it was time for the Q&amp;A session with the participants.<\/div>\n<div class=\"line nText\">Among the attendees was Justin Fong, 14, from California, who asked Buffet a non-investing question that baffled him:<\/div>\n<div class=\"nImage\"><img decoding=\"async\" src=\"https:\/\/ceotudent.com\/wp-content\/images\/post\/user-5\/k07pb3.jpg\"><\/div>\n<div class=\"line nText\">\n<blockquote><p>\u201cWhat advice would you give a teenager my age to be successful?\u201d<\/p><\/blockquote>\n<\/div>\n<div class=\"line nText\">Warren Buffet&#8217;s answer may not be right for everyone, but it was guiding a teenager. In fact, looking deeper, it will be especially beneficial for business and career development for people of all ages, no matter what stage of life they are at.<\/div>\n<div class=\"line nText\">\n<blockquote><p>\u201cHang out with people who are better than you, and when you choose friends whose behavior is better than yours, you will gradually progress towards getting better.\u201d<\/p><\/blockquote>\n<\/div>\n<div class=\"line nText\">Charlie Munger, a longtime business partner of Warren Buffet and vice president of Berkshire Hathaway, added:<\/div>\n<div class=\"line nText\">\n<blockquote><p>&#8220;If that gives you temporary popularity with your peers, forget it.&#8221;<\/p><\/blockquote>\n<\/div>\n<p><amp-ad width=\"100vw\" height=\"320\" type=\"adsense\" data-ad-client=\"ca-pub-1787826683754973\" data-ad-slot=\"2778893467\" data-auto-format=\"rspv\" data-full-width=\"\"><\/p>\n<div overflow=\"\"><\/div>\n<p><\/amp-ad><\/p>\n<div class=\"line nHR\">\n<hr>\n<\/div>\n<div class=\"line nText\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceotudent.com\/en\/warren-buffets-one-sentence-life-lesson-for-a-14-year-old\/#So-in-what-sense-did-Warren-Buffet-mean-the-%E2%80%98better-ones\" >So, in what sense did Warren Buffet mean the &#8216;better ones&#8217;?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceotudent.com\/en\/warren-buffets-one-sentence-life-lesson-for-a-14-year-old\/#1-Hang-out-with-honest-people\" >1) Hang out with honest people.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceotudent.com\/en\/warren-buffets-one-sentence-life-lesson-for-a-14-year-old\/#2-Hang-out-with-people-who-know-when-to-say-%E2%80%9Cno%E2%80%9D\" >2) Hang out with people who know when to say &#8220;no&#8221;.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ceotudent.com\/en\/warren-buffets-one-sentence-life-lesson-for-a-14-year-old\/#3-Hang-out-with-people-who-feed-their-minds-by-reading\" >3) Hang out with people who feed their minds by reading.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ceotudent.com\/en\/warren-buffets-one-sentence-life-lesson-for-a-14-year-old\/#4-Hang-out-with-people-liked-by-others\" >4) Hang out with people liked by others.<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"So-in-what-sense-did-Warren-Buffet-mean-the-%E2%80%98better-ones\"><\/span>So, in what sense did Warren Buffet mean the &#8216;better ones&#8217;?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"line nText\">Buffet actually teaches a life lesson for all of us: he says that we should absorb the qualities and behaviors of successful people that will make us better people, employees, leaders.<\/div>\n<div class=\"line nText\">To be an effective leader, boss, or professional employee, there are four qualities you need to look for in people who are better than you so you can &#8220;go in that direction.&#8221;<\/div>\n<p><amp-ad width=\"100vw\" height=\"320\" type=\"adsense\" data-ad-client=\"ca-pub-1787826683754973\" data-ad-slot=\"2778893467\" data-auto-format=\"rspv\" data-full-width=\"\"><\/p>\n<div overflow=\"\"><\/div>\n<p><\/amp-ad><\/p>\n<div class=\"line nHR\">\n<hr>\n<\/div>\n<div class=\"line nText\">\n<h2><span class=\"ez-toc-section\" id=\"1-Hang-out-with-honest-people\"><\/span>1) Hang out with honest people.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"line nText\">\nIntegrity is crucial to success. Warren Buffet says you should never hire someone who is dishonest, no matter how smart, and adds:\n<\/div>\n<div class=\"line nText\">\n<blockquote><p>&#8220;You have to look for three things in a person: intelligence, energy, and integrity. If you don&#8217;t have the last one, ignore the first two.&#8221;<\/p><\/blockquote>\n<\/div>\n<p><amp-ad width=\"100vw\" height=\"320\" type=\"adsense\" data-ad-client=\"ca-pub-1787826683754973\" data-ad-slot=\"2778893467\" data-auto-format=\"rspv\" data-full-width=\"\"><\/p>\n<div overflow=\"\"><\/div>\n<p><\/amp-ad><\/p>\n<div class=\"line nHR\">\n<hr>\n<\/div>\n<div class=\"line nText\">\n<h2><span class=\"ez-toc-section\" id=\"2-Hang-out-with-people-who-know-when-to-say-%E2%80%9Cno%E2%80%9D\"><\/span>2) Hang out with people who know when to say &#8220;no&#8221;.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"nImage coverImage\"><img decoding=\"async\" src=\"https:\/\/ceotudent.com\/wp-content\/images\/post\/user-5\/2289vk.jpg\"><\/div>\n<div class=\"line nText\">Buffet learned long ago that our most important asset is time, so he has become an expert at setting his own limits. It gives us a life lesson for this:<\/div>\n<div class=\"line nText\">\n<blockquote><p>&#8220;The difference between successful people and truly successful people is that truly successful people say &#8216;no&#8217; to almost everything.&#8221;<\/p><\/blockquote>\n<\/div>\n<div class=\"line nText\">Buffet&#8217;s advice may sound harsh, but we must learn it to focus and make our lives easier.<\/div>\n<p><amp-ad width=\"100vw\" height=\"320\" type=\"adsense\" data-ad-client=\"ca-pub-1787826683754973\" data-ad-slot=\"2778893467\" data-auto-format=\"rspv\" data-full-width=\"\"><\/p>\n<div overflow=\"\"><\/div>\n<p><\/amp-ad><\/p>\n<div class=\"line nHR\">\n<hr>\n<\/div>\n<div class=\"line nText\">\n<h2><span class=\"ez-toc-section\" id=\"3-Hang-out-with-people-who-feed-their-minds-by-reading\"><\/span>3) Hang out with people who feed their minds by reading.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"line nText\">Do you want to increase your knowledge tenfold? Buffet and Munger owe their success to their willingness to learn. Instead of coming home and laying on the couch and watching an entire season of Game of Thrones, grab a book. Buffet spends 80% of his working days reading and thinking. When asked how he could be smarter once, he grabbed a stack of papers and said:<\/div>\n<div class=\"line nText\">\n<blockquote><p>&#8220;Read 500 pages a day like this every day. Knowledge is developed this way, like compound interest.&#8221;<\/p><\/blockquote>\n<\/div>\n<p><amp-ad width=\"100vw\" height=\"320\" type=\"adsense\" data-ad-client=\"ca-pub-1787826683754973\" data-ad-slot=\"2778893467\" data-auto-format=\"rspv\" data-full-width=\"\"><\/p>\n<div overflow=\"\"><\/div>\n<p><\/amp-ad><\/p>\n<div class=\"line nHR\">\n<hr>\n<\/div>\n<div class=\"line nText\">\n<h2><span class=\"ez-toc-section\" id=\"4-Hang-out-with-people-liked-by-others\"><\/span>4) Hang out with people liked by others.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"line nText\">According to Buffet&#8217;s biography, &#8220;The Snowball: Warren Buffet and the Business of Life,&#8221; Buffet was once asked by students about his greatest success and failure, and Buffet replied:<\/div>\n<div class=\"line nText\">\n<blockquote><p>\u201cWhen you get to my age, you will measure your success in life by seeing how many people you truly love.<\/p><\/blockquote>\n<\/div>\n<div class=\"line nText\">Buffet ends his sentences with a statement about the secret of being loved:<\/div>\n<div class=\"line nText\">\n<blockquote><p> &#8220;The only way to be loved is to be lovable. The more love you give, the more you get.&#8221;<\/p><\/blockquote>\n<\/div>\n<div id=\"empty-line\" class=\"nText \"><a class=\"ceo-tooltip-top\" href=\"https:\/\/www.inc.com\/marcel-schwantes\/warren-buffett-says-hanging-out-with-this-kind-of-person-will-make-you-more-successful.html\" target=\"_blank\" rel=\"noopener\" aria-label=\"https:\/\/www.inc.com\/marcel-schwantes\/warren-buffett-says-hanging-out-with-this-kind-of-person-will-make-you-more-successful.html\"><i>Inspired Source.<\/i><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the speech of Warren Buffet, one of the richest people in the world, at the annual meeting of Berkshire Hathaway, of which he is the CEO, it was time for the Q&amp;A session with the participants. Among the attendees was Justin Fong, 14, from California, who asked Buffet a non-investing question that baffled him:&#8230;<\/p>\n","protected":false},"author":6,"featured_media":137114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17691,17214],"tags":[],"class_list":["post-173949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motivation","category-success"],"_links":{"self":[{"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/posts\/173949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/comments?post=173949"}],"version-history":[{"count":0,"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/posts\/173949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/media\/137114"}],"wp:attachment":[{"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/media?parent=173949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/categories?post=173949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceotudent.com\/en\/wp-json\/wp\/v2\/tags?post=173949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}