Buffett, at one time the richest man in the world, is the richest, most successful and high profile Investor living on the planet. So there's no better way to build your investment rulebook and blueprint that stands the test of time and virtually guarantees wealth (provided you stick to them of course).

We've added our notes and improvements specifically for Property investors.

Now Imagine how your life could be so positively different in a few short years or less. One word of warning before you read on – MOST people DO NOT adhere to most, if any of these results, and that's the sole reason they fail.

Question: How are YOU going to be different?

• Only when the tide goes out do you discover who’s been swimming naked.

Progressive note:
It takes time for a Property Investment to give you the reality of actual return. 2 Years management accounts at least. So don't kid yourself or be overly optimistic on your return until you have proof, and question the returns quoted by finders fee sourcers: what is the actual NET yield/income?

 

• Derivates are financial weapons of mass destruction.

Progressive note:
Invest in stable, long term assets instead: Property

• If past history was all there was to the game, the richest people would be librarians.

Progressive note:
Your correct strategy, continual development, hard and effective work and unshakeable mindset are most important

 

• Rule No 1: Never lose money. Rule No 2: Never forget rule no 1.

Progressive note:
Protect your downside. Have a cash contingency.

 

• Price is what you pay, value is what you get.

Progressive note:
Discounts are not the only relevant metric in buying Property. Tenant demand, location, quality of agents and yield/income must be factored in.

 

• We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Progressive note:
"Observe the masses, do the opposite" -Walt Disney. Especially relevant for you in a recession or property downturn – like when is now a good time to take action…

 

• It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

Progressive note:
Protect your brand. Know your values and stay congruent to them. Look after your tenants, agents and vendors like they're your family

 

• Risk comes from not knowing what you are doing.

Progressive note:
You must continually and never-endingly [a word?! -Progressive dictionary!] invest in your education and training. Knowledge plus action equals power and wealth

• Someone’s sitting in the shade today because someone planted a tree a long time ago.

Progressive note:
Always and only ever invest for the long term. To reap, you must first sow. Instant get rich quick is the biggest fallacy in wealth creation

 

• When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Progressive note:
No matter how good you are, if you buy a lemon it will always be a lemon. Focus on finding the good deals – refer to point 5

 

• I buy expensive suits. They just look cheap on me.

Progressive note:
Get to the gym! And invest in quality training

 

 

• You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

Progressive note:
Don't chase deals too hard. Play the long game and never act desperate – the deals will come to you

 

• I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not open it for five years.

Progressive note:
You make your money in property WHEN YOU BUY. it should work with zero capital growth for 5 years [though your capital appreciation will come]. Buy at good prices with good demand and good yield/income

 

• It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Progressive note:
Property deals are the same

 

• Wall Street is the only place that people ride to in a Rolls-Royce, to get advise from those who take the subway.

Progressive note:
Beware of national sources offering bundled, apparently low cost [see point 11] 'deals' – do your diligence

 

• We enjoy the process far more than the proceeds.

Progressive note:
Enjoy the journey, not the destination

 

Let's improve on Buffett's way. Invest for freedom, choice & profit

Rob & Mark

 

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