Warren Buffett Shares His Most Essential Advice For Generation Y | Elite Daily

Warren Buffett Shares His Most Essential Advice For Generation Y | Elite Daily: "“Never give up searching for the job that you’re passionate about,” he says. “Try to find the job you’d have if you were independently rich. … Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.”"

Berkshire shareholders should “delight” in the spending because Buffett and his deputies have a track record of using funds wisely, said James Armstrong, president of Henry H. Armstrong Associates, a Pittsburgh-based investment manager that oversees about $400 million, including Berkshire shares.

“You’re not going to see a lot of wasted money,” he said in a phone interview.

Develop healthy habits by studying people.

“Pick the person that has the right habits, that is cheerful, generous, gives other people credit for what they do. Look at all of the qualities that you admire in other people … and say to yourself, ‘Which of those qualities can’t I have myself?’ Because you determine whether you have them. And the truth is you can have all of them.”

“I became associated with the 30 other people in the class. We couldn’t stand up in front of a group and say our own name. I mean it was — we were — it was pathetic. But that class changed my life in a big way.”

Learn how to say “no.”

“You won’t keep control of your time, unless you can say ‘no.’ You can’t let other people set your agenda in life.

“I do very little negotiation with people. And they do little with me, in terms of it … if I was a woman and I thought I was getting paid considerably less than somebody else that was equal coming in, that would bother me a lot. I probably wouldn’t even want to work there. I mean, [if] somebody’s gonna be unfair with you, in salary, they’re probably being unfair with you in a hundred other ways.”

Become involved with growing businesses.

“I mean, you want to get on a train that’s going to go 90 miles an hour and not one that’s gonna go 30 miles an hour and you’re gonna try to figure out how to, you know, push it along a little faster. So it really does make a huge difference. And there are some businesses that inherently [have] far more opportunities than others.”

Learn everything you can about your industry.

“I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject. “

“These [mentoring] relationships all just evolve. I never set out to become a mentor … It’s amazing … how the person that really wants to do a terrific job just jumps out. There aren’t that many. You will be perceived as exceptional and as a worthy person for a superior to spend some extra time with if you just do something extra all the time. It seems elementary, but it’s true.”

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