Warren Buffett is an American investor, capitalist and humanitarian.

He is widely regarded as one of the most successful investors in the world. Constantly, he is included as one of the top three (3) wealthiest men in the world. In 2008, he ranked as the number one wealthiest men in the world. Warren Buffett is well known for popularizing Value Investing. His skills in business and investing are what made him successful and wealthy. Yet despite the wealth he accumulated, he was known as philanthropist, because he donated 99% of his total wealth to charity, and he is being admired for his frugality, because despite his wealth, he is living a very simple life. Warren Buffetts success story is one of a kind, and I personally, look up to this person. Not only because he is one of the worlds wealthiest men, but because of his character and attitude towards life and success.

5 Attitudes of Success of Warren Buffett

For my personal review, these are the attitudes of success I admire from Warren Buffett:

1. Business and Investing Skills

Warren Buffett was born with entrepreneurial spirit. He was a son of a stock investor, and as a child, he was already involve with a lot of selling activities. It was also believed that at a young age, he bought shares of stock from Coca-Cola Company. Yet despite his entrepreneurial and investing background, Warren was interested to learn more and master investing. He enrolled in a master class in Columbia Business School, in

order to learn investment insights from Benjamin Graham, who is the author of the book Intelligent Investor, Warrens favorite investing book of all time.

2. Hard-Work and Diligence

Warren was very hard-working and diligent. When he was a child, instead of playing around, he was already selling and trading stuff. He doesnt waste time for play and he gives a lot of value to work. Even now, at the age of 80 years old, he still works as the CEO/Chairman of his investing company, Berkshire Hathaway.

3. Simplicity and Frugality

One of the attitudes I admire on Warren Buffett is his simple lifestyle and value for money. Despite the fact that he is one of the top billionaires in the world, he still lives a very simple life. I even once read in a magazine that he still rides a cab on the way to his office in New York City. Also, he still drives his old car and lives at his old house. It just shows that his desire and interest in investing and business wasnt rooted from greed of having and acquiring material things, but out of passion to his craft.

4. Emotional Intelligence
Another attitude I personally admire from Warren Buffett is his high EQ or emotional intelligence. He doesnt let his emotion affects his decisions in life, business and investing. Maintaining a high level of EQ have helped him achieve success in his business and investing career.

5. Philanthropist
Last but not the least attitude you will admire from Warren Buffett. He knows how to give back to society. He worked hard and accumulated wealth yet lived a simple life, in order to give the majority of his wealth to charitable causes. Im sure after reading this article, you too was inspired and motivated by Warren Buffetts attitude and success story. One of the words Ill remember from Warren Buffett is this: Price is what you pay. Value is what you get.

2.2 Principles of Value Investing

Intelligent investing is not complex, though that is far from saying it is easy. What an investor needs is the ability to correctly evaluate selected business. Note that word selected, you dont have to be an expert on every company, or even many. Warren Buffett has some very intelligent investment principles which are not very complex and one probably does not have to be a mathematical or a social science genius to understand them. Be an investor, not a trader Probably principle number one of Buffett is to buy stocks as if he is buying a part of the business not just a piece of paper he will sell tomorrow for a profit. He says he never tries to make money from a business on the stock market but buys on the assumption that the markets could be closed the day after and stay so for five years. He is often quoted for saying Our favorite holding period is forever .

Buy the boring not the pompous ones. Warren Buffett invests in companies only if he understands their business model which means that he can value the foundations of the company and predict its future performance. Then he picks up the ones with favorable future economics, the ones for which there will always be need by the world so their growth is secured by the overall population and demand growth. Examples of such businesses Warren has invested in are producers of clay-bricks, soft drink producers, and insurers as the world will always remain risk-averse. Watch out for fortresses. Mr. Buffett says you should buy castles with a big castle moat . Translated that means Warren Buffett buys companies with a very good business model which cannot be copied so easily. The reason for that is that the main problem of the capitalism is the erosion of the profit margin when the margin is too high it attracts more competitors who also want to participate in the lucrative business and the margin falls. In order to circumvent that Buffet buys companies with unique products, brands or organizational characteristics so that barriers to entry are created. Concentration instead of diversification Deeply grounded in the principles of MPT is the notion that diversification is the best insurer against risk. Warren Buffett is in the opinion that strategies like that are performed only by people that do not know what they do. Make your own decisions The principle of self reliance when making an investment decision highly correlates to the attitude towards Mr. Market. Warren Buffett says that what you need is the temperament to control the urges that get other people into trouble . The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. Look at the market fluctuations as your friend, rather than your enemy .

The reduction of risk of a portfolio or an investment Buffett constructs does not stem from the ordinary method of diversification, as explained earlier, but from the margin of safety he leaves on each stock. To achieve this he buys only on a price that considerably underestimates the value of the common stock he has estimated through the method of value investing. In this way he assures that future volatility will bring only gains. Again to make this clearer Buffett uses one of his many practical examples: When you build a bridge, you insist it can carry 30,000 pounds, but you only drive 10,000 pound trucks across It . And that same principle works in investing. It s not risky to buy securities at a fraction of what they re worth