Warren Edward Buffett is an American business magnate, investor and philanthropist. He was the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2011.In 2012 Time named Buffett one of the world's most influential people.
Buffett is called the "Wizard of Omaha" or "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to value investing and for his personal frugality despite his immense wealth. Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation.
So here are the some tips from warren buffet:
On Earning: "Never depend on single income.Make investment to create a second source."
On Spending: "If you buy thing you do not need,soon you will have to sell things you need."
On Savings: "Don not save what is left after spending,but spend what is left after saving."
On Taking risk: "Never test the depth of river with both feet."
On Investment: "Do not pull all eggs in one basket."
On Expectations: "Honesty is very expensive gift.Do not expect it from cheap people."
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