The Wealthy Life

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The Book Series: Week 1 Series 1:

Why some companies become great and others don’t?

"Greatness is not a function of circumstance. Greatness it turns out, is largely a matter of conscious choice and discipline.”
- Jim Collins
Watch full video

A campaign during these bleak or impending recession...

This post tells the story of the immense benefits of investing- a case study of warren buffet (The Oracle of Omaha). It is self-evident that the paybacks of his principles of investing - rule 1 (never lose money) and rule 2 (Go back to the first rule) are far reaching and monumental.
We start from 2001, where he ranked No 2 at $32bn with a 24bn gap from No 1. His net worth attained through Berkshire investment grew to $44bn in 2004, and to $61bn in 2007. This investment growth was a doubling effect growth of 91%. With the fall of corporates and empires during the global crisis in 2007/2008, Warren buffet had a cumulative loss of 32% in 2009. This was a relatively minimal loss, which goes to prove his first or second rule – never lose money.
Afterwards, he bounced back to an all-time high value of 84bn in 2018 showing a cumulative growth of 105% (12% annual growth). This is noteworthy, as he not only recouped his losses but also doubled his 2009 investment worth or value. This attests to rule no 1 as valid and possible in investment.
In all, warren buffet became a billionaire through investment, made some minimal losses, but came back stronger. Here is my question to you…… “At this time of uncertainty and possible recession, how would you be coming out of it, stronger or weaker?”

Source: Forbes
Music: Sigrid- Strangers

Yesterday on our connect story, I encouraged everybody, especially investors to seize or take advantage of this times.

Warren Buffets Golden Rules of investment still applies and it is;
1. “Don’t lose money” and
2. “Rule number 1!”

Should you hold securities and investments with recent markets downsides and crashes?

Should you seize these times to buy discount or undervalued investments?

And most importantly when all this blows over (because it definitely will) will your investments be secure and value-adding?

I leave you with a glimpse, interested in the full video? head over to connect story ‘Take Over’ for more.
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