Warren Buffet's advice for 2009
- Hard work : All hard work bring a profit, but mere talk leads only to poverty.
- Laziness : A sleeping lobster is carried away by the water current.
- Earnings : Never depend on a single source of income. (At least make your Investments get you second earning)
- Spending : If you buy things you don't need, you'll soon sell things you need.
- Savings : Don't save what is left after spending; Spend what is left after saving.
- Borrowings : The borrower becomes the lender's slave.
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Accounting : It's no use carrying an umbrella, if your shoes are leaking. - Auditing : Beware of little expenses; A small leak can sink a large ship.
- Risk-taking : Never test the depth of the river with both feet. (Have an alternate plan ready )
- Investment : Don't put all your eggs in one basket.
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