Chains of habit are too light to be felt till they are too heavy to be broken, says Warren Buffet.
I have been an admirer of Warren Buffer for a long time now. I held his Berkshire Hathaway stock and was foolish to sell it when i did. Unlike him, i bought into technology stocks whose business model i didn’t understand and lost heavily.
Warren Buffet never invests in something he doesn’t understand. He does not invest in something he can’t feel and touch. He does not invest in something he doesn’t relate to. He invests in people, not businesses.
In this speech to a graduation class of a Business School, he talks about investing in people. He asks the class who each one would invest in? Or go short on?
It’s pretty simple isn’t it, when some one puts it so clearly and so well?
Would you invest your time, money and effort in some one who you did not like? Would you take the trouble of cultivating someone who turns you off?
Business is about relationships. I have built very large businesses during my corporate career. where the relationships failed, the business to failed. Business success is not about bean-counting or management by objectives. It is about how people relate to one another.
Relationships are the biggest business in our lives. Parental, spousal, filial or friendship, we spend more time in our relationships than any other issue in our lives. But, do we spend it wisely?
Do we spend quality time? Do we work through a process that helps add value? Do we even know how to do it?
When we value others in our relationships more than we value ourselves, relationships build well. Not surprisingly, but perhaps counter intuitively, when we focus on others we value ourselves better. We become more aware and our self-esteem grows.
I talked about a heart based meditation earlier in these posts. Practice this humming meditation, focusing on your heart. See yourself open up to others. See yourself becoming wealthy in your relationships and in your material life.
You can become one better than Buffet!