Smart investors only focus on 4 things
1. Find a way to make money while sleeping
Buffett once said: "People who work all day can't get rich. Wealth is a compensation for cognition, not a reward for diligence. When a person can't find a way to make money, he can only work for a lifetime." We ordinary people, of course, can't reach Buffett's investment realm, but we can read more financial books and find a financial management method that suits us, so that wealth can accumulate unknowingly.
2. Focus on your own strengths (don't always make up for your shortcomings)
Buffett said: "You must understand what you are doing. If you don't understand, then you have no advantage." His success in the field of investment is inseparable from his in-depth research and focus on this field. Each of us has our own advantages. Find and use them and keep improving them. Persistently invest time and energy, and you will definitely be able to achieve outstanding results in a certain field.
3. Surround yourself with excellent people
Buffett said: "You have to learn to broaden yourself through other people. It is very important to surround yourself with people who are better than you. My teachers, friends, and spouse are all much better than me. I have a strong sense of learning from these people. Whether you are looking for a business partner or a partner in life, look for those who are role models for you."
4. Keep a reading habit
Buffett said: "Basically, my job is to get more and more facts and information, get some facts from reading, and then think, see some investment opportunities and act. I spend 80% of my time reading and thinking." The pattern, wisdom, values, and judgment are all hidden in the books he has read.
The best defense is the ability to make money yourself.
The best way to fight inflation is to invest in yourself. Money will feel the pressure of inflation, but talent will not.
