"The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn." - Warren Buffett
The Power of Perseverance and Determination
Warren Buffett, the Oracle of Omaha, is known for his inspiring speeches. In one of his most impactful addresses, he shares the stories of two remarkable women who started with a mere $2,500 and built businesses worth millions. Their secret? A relentless drive to succeed and an unwavering belief in their abilities.
Rose Blumkin, a Russian immigrant who couldn't speak a word of English, saved for 20 years to open a furniture store. Despite her inability to read or write, her determination led her to build a business that she sold to Buffett in 1983 for approximately $60 million. Today, that business does a billion and a half dollars worth of business annually.
The Value of Customer Delight
Buffett also shares the story of Jack Taylor, who started with 17 vehicles and built a car rental company, Enterprise, that's now worth more than Hertz and Avis combined. Jack's strategy was simple: offer friendlier service than anyone else. He understood that customers may forget what they paid, but they never forget a good experience.
The Importance of Continuous Learning
Buffett's stories underscore the importance of continuous learning and adaptation. Success doesn't always come on the first try. Jack Taylor, for instance, started in the car leasing business, but it wasn't until he ventured into car rentals that he found his golden key.
The Role of Positive Influence
Buffett emphasizes the importance of surrounding yourself with people who are better than you. He credits his own success to the teachers, friends, and his spouse who influenced him positively.
Closing Thoughts...
Buffett's speech is a testament to the power of perseverance, the value of customer delight, the importance of continuous learning, and the role of positive influence. It's a reminder that ordinary people can achieve extraordinary success with the right mindset and approach.
Thanks for reading, and as always, remember to invest wisely.
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1. FREENVESTING - www.youtube.com/channel/UCN-qfPKTQ_Wxr8vZLVfM95w
2. Berkshire Hathaway - www.berkshirehathaway.com
3. Enterprise Rent-A-Car - www.enterprise.com
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