Introduction: Financial and personal investment

Warren Buffett and I have something in common. We are both unofficially, arguably, and more or less affectionately known as The biggest, him as the world’s largest equity investor, me as the world’s largest REAL wellness authority. (So ​​far, I’m the only person writing about REAL wellness, which puts me at the top of this awesome category.)

Warren is the CEO of Berkshire Hathaway: he has $ 85 billion in his bank accounts; I have not founded anything, my bank accounts are more modest than Mr. Buffett’s, but surprisingly, Mr. Buffett’s views on investing parallel mine on welfare issues.

I’ll explain how my views on health-related matters reflect Warren’s beliefs about investing in stocks. Well, if it’s not exactly a mirror, then it certainly bears a vague resemblance if you look long enough for such a confluence.

I believe that the best way to thrive and prosper, and to do so with minimal reliance on doctors, medications, and medical treatments, is to understand and adhere to a REAL wellness lifestyle. The REAL in REAL wellness is an acronym that represents the dimensions of reason, exuberance, athleticism and freedom. A set of lifestyle principles in each of these four dimensions complement Warren Buffett’s investment rules.

Rules for investments of two types

I discovered this alignment largely by virtue of my personal knowledge with The biggest authority over the sage of Omaha, namely Robert P. Miles. Bob is the author of best-selling books on Mr. Buffett, which include The CEO of Warren Buffett: Secrets of Berkshire Hathaway Managers and 101 Reasons to Own the World’s Biggest Investment: Warren Buffett’s Berkshire Hathaway.

ï »¿My impressions of the link between Mr. Buffett’s rules and my ideas about REAL wellness were also supplemented in some way by two short investment articles. One was by Stephanie Loiacono Rules Warren Buffett lives by (Investopedia, June 24, 2019), the other Seth Spears Warren Buffett’s Ten Rules of Success (Spears Marketing, January 23, 2012).

There are many investment rules attributable to Mr. Buffett, many of which he expressed himself. Let’s look at these genuine rules that reflect and are more consistent with REAL wellness principles. I will state ten Buffett rules and then comment on each one.

Rule No. 1: Never lose money.

For REAL wellness, do your best to never lose your health. This rule cannot be left to chance. You can’t do much about many of the major factors that affect your well-being (eg, biology, culture, and environment), but a positive, health-enhancing lifestyle is in your hands.

Rule No. 2: Never forget rule No. 1.

The same goes for REAL wellness.

Rule No. 3: If business is doing well, stocks will eventually follow.

If your culture and environment are supportive (that is, friends and family model healthy lifestyle attitudes and behaviors, you are likely to follow suit. Choose friends wisely and, if necessary, put distance between yourself and the relative silly, rude or hooligan behavior.

Rule No. # 4: The most important quality for an investor is temperament, not intellect.

To thrive and prosper, focus on emotional and psychological attitudes and beliefs that promote serenity, adaptability, and abundant exuberance.

Rule No. # 5: The stock market will undergo changes – Stay focused on investment objectives and stand firm during market turmoil.

Life is determined by random events; control what you can with wise personal choices, knowing that setbacks will visit even the most conscientious and prudent among us.

Rule No. 6. Reinvest your earnings.

This rule implies taking care to protect your assets, that is, avoiding risking the capital necessary for the common wishes of living well. From a wellness point of view, the lesson is not to compromise basic resources (eg, physical mobility) with thrill-seeking for momentary gratification.

This, of course, is difficult or impossible for the very young and most adolescents, but for established adults it is feasible and prudent. Especially in old age, protect yourself from momentarily attractive excesses (for example, wild parties, drugs, excess alcohol, and associations with shady or deplorable characters).

Rule No. 7. Be willing to be different.

Don’t accumulate your knowledge and ideas on important matters. Exercise your right to discuss all transcendental, serious and material matters. Do it with frankness, skill, and consideration for a diverse audience. Identify the nature and strength of your unpopular opinions and then be different at strategic moments, or just have fun with your peers, especially on matters related to politics, sex and religion.

Rule No. 8. Be decisive. Mr. Buffett puts it this way: never suck your thumb.

This, of course, means supporting yourself after you’ve made decisions, avoiding inordinate or limitless reflections to the point of paralysis. Such sulking leads to disorienting stress, missed opportunities, and / or the appearance of being fearful and weak. Even when decisions turn out to be dubious or worse, if you acted on the best information available, your wrong decisions deserve (self) respect. Learn from good experiences and others and move forward, wiser and steadier, resolute and unshakable.

Rule No. 9: Be persistent. Cultivate tenacity and resourcefulness.

If it were easy to think critically, overcome dogmas, resist flimflam artists, scammers and superstitions, live exuberantly with great joy and meaning, dine well (healthily) most of the time, look good and be fit and live more or less the kind of life that you appreciate, who then, who wouldn’t? Not many. Living well in a way that optimizes well-being and allows you to thrive and prosper requires that Mr. Buffett’s ninth rule of investing perseverance apply to your way of life. That is, you must be decisive: do whatever it takes to cultivate tenacity while guiding yourself with ingenuity in both mental and physical ways.

Rule number 10. Know what success really means.

How will you understand if you are sick or healthy, happy or sad, a success or a failure, fit or not, alive or almost dead unless you have a clear idea of ​​what it means to be on the positive side of these and other dichotomies? Develop an inquisitive nature about the meaning of excellent health beyond mediocre standards. Seek ideas about what is possible regarding your exercise capabilities, given your age, current functional status, resources, and general situation, then evaluate ways to transcend simply by getting by, in a low-level state or normal, like most of the others he observes. Discover the nature of exceptional performance and the multiplicity of ways to move in the direction of high-capacity living.

Summary

Mr. Buffett fully understands that even with the incredible amount of wealth in his personal accounts, the quality of his existence is not measured in that way. Instead, its success stems from decades of outlay of resources that mitigate global problems, alleviate miseries, and provide opportunities for many. Ultimately, it is the way you use your abilities and the unique role you play in life that reflects your priceless personality, the most valuable element of worth and worth.

If you want to draw attention to your ideas, find someone you can link them to. By doing so, it will appear more sensitive than it actually is. I don’t want to brag about this, but I don’t think I could have adopted a better model for REAL wellness rules than Warren Buffett.

I hope you don’t mind.

(Postscript – Response from Robert P. Miles):

I have often thought that Don Ardell and Warren Buffett are brothers of different mothers. While you and Warren don’t share nutrition (he drinks six cherry cokes a day, doesn’t like veggies, exercise, or water; he prefers See’s Chocolates and Dairy Queen ice cream, 300 to 600 calories), you two, however, they have a lot at stake. common.

They are both octogenarians, have younger wives, are politically like-minded, frugal, agnostic, unconventional thinkers, voracious readers, excellent communicators, and seem to be squeezing every last drop out of life or, as their idol Ingersoll advised, sucking the orange out of the box. life. dried.

Finally, I suspect that both of them might prefer, when the end finally comes and a parade of celebrators lining up alongside their respective coffins, that no one suggests that Warren was the richest, or that Don was the fittest, but that Warren and Don they certainly were among the oldest.