1. Know Your Stuff
If someone’s a world champion player, are they really gambling when they sit down at the poker table? Warren Buffett doesn’t think so. He knows that, even when chance is involved, over time skill will win out over luck.
2. Think Things Through
A lot of businessmen and businessmen make impulsive decisions that sometimes pay off big and sometimes cost everything. Warren Buffett takes a different route than most, believing that to not only be successful but maintain that success you have to consider your choices very carefully.
3. Tread Carefully In All Matters
You have to be wary in life as well as business. It’s a little scary to think about how easy it is to destroy your public image. Exercise extreme caution by weighing every action like a million dollar decision, because it might be.
4. If Things Are Bad, Don’t Make Them Worse
When people are in a mess, they have unfortunate habits of making things messier when trying to clean things up. To be successful you need know when doing nothing is the best option.
5. Associate With The Right People
You can’t put faith in someone you can’t trust if you want to be successful in either business or life.
6. Don’t Be Too Trusting
Even if you associate with the right people, they may still let you down someday. Know that all good things end, and be prepared for when the curtain falls.
7. Appreciate What Came Before
If you’re successful, it’s at least in part because others paved the way for you to succeed. Be thankful of those who came before and contributed to your success.
8. Know When To Jump Ship
Successful people don’t call a bet with a losing hand. They recognize when something’s sinking, and know they need to get on a new boat.
9. Habits Are Hard To Break
Make sure you cultivate good habits, because the longer you have them the less likely they’ll break.
10. Be Certain Of Your Success, Even When No One Else Is
You should always be convinced that you will succeed. It’ll take a little longer to convince everyone else, but if you continue to believe in yourself you’ll eventually have a very persuading argument. Featured photo credit: BorsheimsJewelry via flickr.com
