Posts
What Warren Buffett recommends to business students as an investment strategy
/in Unkategorisiert/by Prof. Dr. Hans-Christian RiekhofWhat Warren Buffet and other successful people have in common
/in Unkategorisiert/by Jürgen KettlerSome of the world’s most successful people have something in common: It’s not a high IQ or an incredible lucky streak. It’s their sense of reading. Books were their most profitable investment. An article by author Sandra Wu in the “Blinkist Magazine” highlights this interesting aspect.
It reveals that Warren Buffet, one of the world’s most successful investors, and top US investor Charlie Munger started very small, earning just 2 US dollars a day. That they earn around 20 million a day a few decades later, they owe largely to their reading habits. Buffet, for example, spends about 80 percent of his day reading. At the beginning of his unparalleled investment career, he is said to have read 600 to 1000 pages in a single day. This changed everything.
And he has a tip: “Read 500 pages – per day! That’s how education works. It multiplies like compound interest. Each of you can do it. But I also guarantee you: Not many of you will do it.” Another piece of advice: “No matter where you are in life today: Always keep learning – and you will be rewarded with success.”
The article also mentions people like tech entrepreneur Elon Musk, Bill Gates and Mark Zuckerberg. Read the full article in English at the following link: https://www.blinkist.com/magazine/posts/reading-habits-of-highly-successful-people
Photo: www.pixabay.com
Free expert knowledge on pricing delivered to your inbox regularly
Pricing Seminar with Prof. Riekhof
As a participant of the pricing seminar, you will:
- approach strategic pricing with a changed mindset and better assess the contribution of professional pricing to results.
- have a clear methodological framework with the RSEC model to better handle the complexity of pricing.
- develop concrete ideas for quick wins in pricing and assess their feasibility.
- create a reliable estimate of the performance improvement that can be achieved through a pricing project.