Warren Buffett is the most famous investor
in the world. He's worth 90
billion dollars.
How did he get so rich?
What is going on in his head?
Let's take a look.
Hi, I am Markus Heitkoetter
and I help people to
make more money,
have more time,
and have more fun in their lives.
People come to me because they feel stuck
in their lives and they want to know what exactly
I did to become a multimillionaire,
who is now travelling the world
and enjoying life.
When I'm in my live events,
I ask people 'who is the most
famous investor in the world?'
The answer is always Warren
Buffett. His net worth is 90
billion dollars so he's
doing something right.
How did he get so rich?
Here are the five best
quotes from Warren Buffett that reveal
how he thinks.
Number five: Be fearful
when others are greedy
and be greedy when others
are fearful.
This is one of the core principles of Warren
Buffett's investment strategy
and I like it a lot.
The idea is to buy when everybody
else is panicking
and to sell when everybody
thinks 'This is awesome!'
I am using this principle for my
real estate investing
and you see, right now prices for
houses are at an extreme high
here in Austin.
I own two apartment complexes
that I bought three years ago
and I am selling them right now when
everybody thinks that this
is a great investment opportunity.
Do the same
with trading stocks.
I always say if your Uber driver
tells you about a stock,
it's time to sell.
So, be fearful when others
are greedy and greedy when
others are fearful.
Number four: It is not necessary
to do extraordinary things
to get extra ordinary results.
You don't have to be a genius!
Focus on being consistent.
You've heard the saying,
'A Journey of a thousand miles
begins with a simple step'
and then you take the next one
and another one
and I'm using this principle
in my trading.
I am aiming for small
but consistent profits.
To me,
consistent profits are more important
than windfall profits that might
occur every few years.
Think about a football game.
How do you win a football game?
By moving the ball consistently
towards the goal line
and not by throwing a Hail
Mary every single time,
right? Number three: Risk
comes from not knowing what
you are doing.
Always do your homework
know what to expect.
If you want to play a game,
you need to know the rules of the game first,
right? If you're anything like me,
I am actually looking up this strategy
for a game before I play it.
As an example,
recently my kids wanted to play Clue
with me, so I learned the rules
and then I looked up the best
strategy for Clue on the Internet.
And yes,
I won the game!
If you want to make money
with trading, you should not only know the
rules. The rules are simple.
You actually need a strategy
so that you can win the game.
Number two: The difference between
successful people
and really successful people
is that really successful people
say no to almost
everything. I love this
quote especially when it comes to trading.
I don't know about your inbox,
but every day,
I am receiving emails about a
new trading strategy
or a new investment strategy
and you see,
it is important to focus
and say 'no' to everything
else. Pick a trading strategy that makes
sense to you
and then stick
with it. Don't get distracted.
Focus! Keep in mind,
the grass looks always greener
on the other side.
Why? Because It's fertilized
with bullsh**! Number one:
If you don't find a way to make
money while you sleep,
you will work until
you die!
This quote has changed my
life. I was working
as a director at IBM,
slaving away 60,
70, 80 hours a week
and yes,
I made good money.
I had a nice six figure income
but I realized that if I don't find
a way to make money while I sleep,
I will work for IBM
or somebody else until I
die.
And that's why I decided to quit my job
move from Munich in Germany to Austin,
Texas to become a trader.
These are my favorite quotes
from the billionaire Warren Buffett.
Which one is your favorite quote?
Did I forget a quote that you like a lot?
Let me know in the comments below.
I hope you enjoyed watching this video as
much as I enjoyed making it for you
and if you know anybody who might
find this video helpful,
feel free to share it
and I'll talk to you soon.