Warren Buffett’s Rules For Investing Inspire REAL Wellness Rules To Prosper And Prosper

Introduction: Financial and personal investments

Warren Buffett and I have something in common. We are both unofficially, arguably, and more or less known as The biggest, him as the world’s biggest stock investor, me as the world’s biggest TRUE welfare authority. (So ​​far, I’m the only person writing about REAL wellness, which puts me at the head of this awesome category.)

Warren is the CEO of Berkshire Hathaway: he has $85 billion in his bank accounts; I haven’t founded anything, my bank accounts are more modest than Mr. Buffett’s, but surprisingly, Mr. Buffett’s views on investing parallel my own on wellness.

I will explain how my views on health issues reflect Warren’s convictions about investing in stocks. Well, if it’s not quite a mirror, it certainly bears a vague resemblance if you look hard enough for such a confluence.

I believe the best way to prosper and prosper, and to do so with minimal reliance on doctors, medications, and medical treatments, is to understand and adhere to a REAL wellness lifestyle. REAL Wellness in REAL is an acronym that stands for the dimensions of reason, exuberance, athleticism, and freedom. A set of lifestyle principles in each of these four dimensions complement Warren Buffett’s investment rules.

Rules for Investments of Two Types

I discovered this alignment in large part by virtue of my personal relationship with The biggest authority on the Sage of Omaha, namely Robert P. Miles. Bob is the author of the best-selling books on Mr. Buffett, including Warren Buffett’s CEO: Secrets from Berkshire Hathaway Managers and 101 Reasons to Own the World’s Largest Investment: Warren Buffett’s Berkshire Hathaway.

My impressions of the link between Mr. Buffett’s rules and my thoughts on REAL well-being were also supplemented a bit by two short investing articles. One was from Stephanie Loiacono Rules Warren Buffett Lives By (Investopedia, June 24, 2019), the other Seth Spears Warren Buffett’s Ten Rules of Success (Spears Marketing, January 23, 2012).

There are many investment rules attributable to Mr. Buffett, many of which he expressed himself. Let’s look at these genuine rules that reflect and are consistent with REAL wellness principles. I will list ten of Buffett’s rules and then comment on each one.

Rule No. 1: Never lose money.

In the case of REAL wellness, do everything you can to never lose your health. This rule cannot be left to chance. You can’t do much about many of the major factors that affect your well-being (eg, biology, culture, and environment), but a positive lifestyle that improves your health is in your hands.

Rule No. 2: Never forget rule No. 1.

Ditto REAL Well-being.

Rule No. 3: If the business is doing well, the stock will eventually follow.

If your culture and environment are supportive (ie, friends and family model healthy lifestyle attitudes and behaviors), you’ll likely do the same. Choose your friends wisely and, if necessary, put some distance between yourself and your stupid, rude or naughty relatives.

Rule No. 4: The most important quality for an investor is temperament, not intellect.

To thrive and prosper, focus on emotional and psychological attitudes and beliefs that promote serenity, adaptability, and abundant exuberance.

Rule #5: The Stock Market Will Swing – Stay focused on your investment goals and hold your ground during market turmoil.

Life is made up of random events; control what you can with wise personal decisions, knowing that setbacks will visit even the most conscientious and prudent among us.

Rule No. 6. Reinvest your earnings.

This rule implies taking care to protect your heritage, that is, avoiding risking the necessary capital for the common needs of good living. From a wellness standpoint, the lesson is not to jeopardize basic resources (eg, physical mobility) by seeking thrills for momentary gratification.

This, of course, is difficult or impossible for the very young and most adolescents, but for established adults it is doable and wise. Especially in old age, beware of momentarily attractive excesses (eg, wild parties, drugs, excess alcohol, and associations with shady or deplorable characters).

Rule No. 7. Be willing to be different.

Do not accumulate your views and ideas on important issues. Exercise your right to discuss all transcendental, serious and material matters. Do it with candor, skill, and consideration of varied audiences. Identify the nature and strength of your unpopular opinions, and then be different at strategic moments, or just have fun with your peers, especially on matters related to politics, sex, and religion.

Rule No. 8. Be decisive. Mr. Buffett puts it this way: never suck your thumb.

This, of course, means supporting yourself after you’ve made decisions, avoiding excessive or limitless reflection to the point of paralysis. Such a bad mood leads to disorienting stress, missed opportunities, and/or the appearance of being fearful and weak. Even when decisions turn out to be dubious or worse, if you act on the best information available, your wrong choices deserve (self)respect. He learns from good and other experiences and moves on, wisely and firmly, resolutely and unwavering.

Rule No. 9: Be persistent. Cultivate tenacity and resourcefulness.

If it were easy to think critically, overcome dogmas, resist phonies, con artists and superstitions, live exuberantly with great joy and meaning, eat well (healthy) dinner most of the time, look good and fit and live pretty much the kind of life you cherish, who then who wouldn’t? Not many. Living well in a way that optimizes well-being and allows you to prosper and flourish requires that Mr. Buffett’s ninth rule for persistence in investing be applied to the way you live. That is, you must be decisive: do what you must to cultivate tenacity while ingeniously guiding yourself in both mental and physical ways.

Rule No. 10. Know what success really means.

How will you understand whether you are sick or well, happy or sad, a success or a failure, fit or not, alive or nearly dead unless you have a clear idea of ​​what it means to be on the positive side of these and other dichotomies? Develop an inquisitive nature about the meaning of excellent health beyond mediocre standards. Seek information about what is possible with regard to your exercise capabilities, given your age, current functional status, resources, and general situation; then evaluate ways to transcend by simply surviving, in a state or low level of normality, like most others you observe. Discover the nature of exceptional performance and the myriad ways to move in the direction of a highly capable life.

Summary

Mr. Buffett fully understands that even with the mind-boggling amount of wealth in his personal accounts, the quality of his existence isn’t measured that way. Instead, his success stems from decades of disbursement of resources that mitigate global problems, alleviate misery and provide opportunity for many. Ultimately, it is the way he uses his abilities and the unique role he plays in life that reflects his invaluable personality, the most valuable element of worth and merit.

If you want to draw attention to your ideas, find someone with whom you can link them. By doing so, it will appear more sensitive than it actually is. I don’t want to brag about this, but I don’t think I could have adopted a better model for REAL welfare rules than Warren Buffett.

I hope you don’t mind.

(PS – Answer by Robert P. Miles):

I have often thought that Don Ardell and Warren Buffett are brothers from different mothers. While you and Warren don’t share nutrition (he drinks six cherry sodas a day, doesn’t like vegetables, exercise, or water; prefers See’s Chocolates and Dairy Queen ice creams, 300 to 600 calories), you two have many things in common. common.

Both are in their 80s, have younger wives, are politically akin, frugal, agnostic, offbeat thinkers, voracious readers, excellent communicators, and seem to be squeezing every drop out of life—or, as their idol Ingersoll advised, sucking on life’s orange. dry.

Finally, I suspect they would both prefer, when the end finally comes and a parade of celebrants parade past their respective coffins, that no one suggests that Warren was the richest or that Don was the fittest, but rather that Warren and Don were certainly in between. The oldest.