Financial Advice from Warren Buffet
On Reputation
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
On his most basic rules
Rule No. 1: Never lose money
Rule No. 2: Never forget Rule No. 1
On sources of income
Never count on a single income. Make investments to create additional sources of revenue.
On spending
If you buy things you don't need, you'll soon have to sell things you do need.
On saving
Don't save what you have left after spending, but spend what you have left after saving.
On taking risks
Never measure the deepness of a river with both legs.
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