Does Warren Buffett have 10 rules for success? We can give you an affirmative “yes.” In fact, our friends over at MotivationGrid.com posted an article that details those rules from one of the world’s richest men. Which is somewhere around $70 Billion but who’s counting. And we thought it would be a perfect post for we boomer males on this “wealth Wednesday.”
Warren Buffett’s Top 10 Rules for Success
“Risk comes from not knowing what you’re doing.”
– Warren Buffett
Warren Buffett will soon be 85 years old. You can describe him as a business magnate, investor and philanthropist. He is the most successful investor of the 20th century. He was ranked as the world’s wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 “Time” magazine named Buffett one of the world’s most influential people.
If you’re looking for a bit of wisdom from Warren Buffett, you’ve come to the right place. Here are his top 10 rules for success:
1. Find your passion: You are lucky in life when you find it and you can’t guarantee you are going to find it on your first job, but once you find it, your life will change.
2. Hire well: Remember that your people are your greatest asset. Look for people with 3 qualities – integrity, intelligence and energy.
3. Don’t care what others think: Once you give up caring about other people’s opinion and thoughts, you will discover the real you, and that freedom will be like taking a breath for the first time.
4. Read, read, read: If you‘re one of countless people who don’t make a habit of reading, you are missing out countless opportunities daily: The more you read the smarter you get. 
5. Have a margin of safety: The majority of investors will encounter various stumbling blocks and bad luck over their investing lifetime; a margin of safety will provide them with some protection in terms of preservation of capital when the going gets tough.
6. Have a competitive advantage: Capitalism is all about somebody coming in and trying to take the castle. Now what you need is a castle that has durable competitive advantage.
7. Schedule for your personality: Are you a morning person or afternoon person? Find your productive mode, find your pace, find the sweet spot. You will be most productive once you find what works best for you.
8. Always be competing: Always strive for growth, always be on the move, otherwise your competition is going to outcompete you!
9. Model success: Having a mentor is said to be one of the most important keys to success. I believe this is especially true early on but is imperative at any point in your career.
10. Give unconditional love: Warren Buffett said this about his U.S. Congressman father, Howard: “What I basically got from my father is unconditional love. Unconditional love is huge in this world … Whatever I did, he was all for it. It didn’t matter how much money I made or anything like that.”
You can read the entire post here. Let us know what you think. Would you argue with any of the rules from the man who is currently third richest in the world? Share your thoughts below.
Do well.
