Buffet's 10 Tips to Get Rich


2. Be Willing To Be Different

Don't let your decisions be based entirely upon what everyone says or does. When Buffett began handling money in 1956 with $100,000, he started with a handful of investors. Back then he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to inform his parents where he was investing their money. People foresaw it as a failure but after 14 years, when he closed his partnership; it was worth more than $100 million. Instead of following the crowd, he went out of the box and looked for underrated investments and ended up vastly beating the market average every single year. To Buffett, what everybody is doing is doing is the average. He says ‘to be above average, you need to measure yourself’ which he calls as ‘Inner Scorecard’, that is ‘judging yourself by your own standards and not the world's.’