Warren Buffett is wealthy, to the tune of $72.2 billion. To put this in perspective, only 67 of the 200 wealthiest countries listed by the United Nations generate a GDP greater than the value of his holdings. He is also by many accounts one of the hardest-working people in business.
Instead, Buffett emphasized that the true secret to success was to live a righteous life, because dishonesty, cruelty and immorality follow you throughout your career, and it is far more difficult to shed than any failure we will ever have.
He suggested that by adopting one simple mantra, all other parts of your personal and professional lives would fall into place:
Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your family and friends to see.
There was no top-secret formula for valuing businesses or stock tips. Just be good, do right and treat others fairly. Read more…