An excellent list of things to consider and think about and nod your head in agreement of. I haven’t even seen the documentary yet, but it sounds excellent.
You can watch the whole documentary on YouTube here.
Here are a couple of excerpts from Bourke’s list that especially stuck out to me.
15. On Focus:
One time Warren was at Bill’s house for dinner and Bills dad asked them to write down on a piece of paper what was one word to describe their success.
They both wrote down the exact same word.
Amen to that.
5. On Investing:
[Buffett] learned the two rules of investing from the same Benjamin Graham mentioned above.
- Never lose money.
- Never forget rule number one.
These two rules can be applied to many aspects outside of investing. Set the system up so you always win. Whatever your goals may be, alter the first rule to suit you.
Nearly seven years ago I started writing full-time. And since that time I’ve created a handful of other websites and products. My rule has always been to spend less on the creation of the product than what I was confident I could earn back. As a result, everything I’ve ever done has been profitable. The investments I’ve made back into my business have been the best investments I’ve made.
Points 7, 8, 9, and 13 are also brilliant.