My takeaway from Warren Buffett’s 2016 Annual Letter to Shareholders

A much-waited letter from Warren Buffett is finally out today. Over the years, I have learned much from studying Warren Buffett's writings. In fact, I spent almost an entire 2013 to study his annual reports and listen to his talks. His letter is always full of wisdom, candor, and optimism. Below are quotes I picked up … Continue reading My takeaway from Warren Buffett’s 2016 Annual Letter to Shareholders

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My life-changing notes from watching Warren Buffett’s talks

As we walk out today, Warren will buy 10% of student’s future. From this day forward, you will give me 10% of what you earn. If you thought carefully about this, it’s foolish of you to ask for less than 50K. That means what right now you are worth more than 500K. Your potential is … Continue reading My life-changing notes from watching Warren Buffett’s talks

My random thoughts on Warren Buffett’s investing philosophy – 1

“I can not guarantee results to partners. What I can and do promise is that: Our investments will be chosen on the basis of value, not popularity. That we will attempt to bring risk of permanent capital loss (not short-term quotational lose) to an absolute minimum by obtaining a wide margin of safety in each … Continue reading My random thoughts on Warren Buffett’s investing philosophy – 1

SUCCESS LESSON 10: Follow Your Passion

Steve is a factory worker making a minimum wage. He hated his job but could not make up his mind to follow his passion. Before he came to America, he was a successful construction engineer. He has been drifting through life wishing his life could have been different. Steve goes to work everyday with a … Continue reading SUCCESS LESSON 10: Follow Your Passion

SUCCESS LESSON 6: Learn from your mistakes

To the best and most loving version of you, As you venture into investing your money, it’s important to remember that fads tend to come and go quickly. A friend of mine, Mike, in Vietnam was doing very well with his iphone trading business. He would buy iPhones from the USA and sell them back … Continue reading SUCCESS LESSON 6: Learn from your mistakes

SUCCESS LESSON 5: The KISS principle – understanding what you get into

Dear Mr. CEO, Your company is doing very well financially. You have followed lesson 4 with persistence. Your saving is growing. What are you going to do with that saving? Putting your savings in a saving account earns you a very small interest. Seeing your neighbor doing well with investing his cash into different venture, … Continue reading SUCCESS LESSON 5: The KISS principle – understanding what you get into

SUCCESS LESSON 4: Save for the future

Dear Mr. CEO, Let’s say you provide good services.  You have a good location which people know about.  You advertise well for your service. Your customers are pleased dealing with you. You have a sound plan to operate yourself. You are doing well. Seeing your neighbor doing well financially, you might wonder how your finance … Continue reading SUCCESS LESSON 4: Save for the future

SUCCESS LESSON 3: If you fail to plan, you plan to fail.

Dear Mr. CEO, Yes, that’s you. You are a CEO. You are the CEO and president of your own personal service corporation. You are the president and CEO of your own life. If you work for someone or some company, you provide your services to them in form of employment. If you are a business … Continue reading SUCCESS LESSON 3: If you fail to plan, you plan to fail.

BUSINESS COACHING 1/26: IF PEOPLE DON’T COME TO YOUR BUSINESS, BRING YOUR BUSINESS TO THE PEOPLE

A good business needs a good location Steve started an outsourcing company in Vietnam five years ago providing IT services. He gathered a team of most talented engineers using his connection with top universities in Vietnam. He tested his team with his own project. The quality was excellent. Steve did extensive researches on outsourcing services … Continue reading BUSINESS COACHING 1/26: IF PEOPLE DON’T COME TO YOUR BUSINESS, BRING YOUR BUSINESS TO THE PEOPLE

SUCCESS LESSON 2: Good idea that you can’t communicate is like winking in the dark

Dear Mr. CEO, Yes, that’s you. You are a CEO. You are the CEO and president of your own personal service corporation. You are the president and CEO of your own life. If you work for someone or some company, you provide your services to them in form of employment. If you are a business … Continue reading SUCCESS LESSON 2: Good idea that you can’t communicate is like winking in the dark