Friday, October 17, 2008

Wisdom from Warren Buffet

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful."- Warren Buffet

Lesson: Observe what the masses are doing and consider an authentic distinction to do exactly the opposite.

How many times have you been part of a meeting talking about what the competition is doing and the reaction is to adopt a "we do that also" strategy?

  • While the masses dread Monday at work, find a way to love it.
  • When no one wants to deal with a particular client, be the one to ask for that account.
  • While everyone is looking for fuel efficient vehicles, look for a ridiculously low priced SUV
  • If everyone's cutting their lawns with vertical lines, go horizontal...or better yet, put in astro-turf
  • When people are panicked about the economy, have peace knowing our God will provide
  • When all insurance agents send out calendars with mug-shots of themselves to their clients, send all your clients $5 Starbucks cards and offer to meet them for coffee
  • When one candidate for President is for a $700 Billion bailout, be the candidate against it with a confident, thoughtful plan B

It's time to go launch a mortgage company. Thanks for the reminder Mr. Buffet.

1 comment:

Larry Jones said...

Great post and great blog. Just found you through a tweet from your wife(?) Kem.

As Christians, we probably just need to ignore the economic pundits right now and just give, save, and spend as Christ would have us do.