Success secrets of the super rich

They have all made it BIG! Click through to gain pearls of wisdom from these super-successful A-listers.

Warren Buffett:

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”

Bill Gates:

 “It's fine to celebrate success but it is more important to heed the lessons of failure.”

Steve Jobs:

“Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.”

Jeff Bezos:

“If you never want to be criticized, for goodness' sake don't do anything new.”

Oprah Winfrey:

“What other people label or might try to call failure, I have learned is just God’s way of pointing you in a new direction.”

Rupert Murdoch: 

“I love competition. And I want to win.”

Richard Branson:

 “My interest in life comes from setting myself huge, apparently unachievable challenges and trying to rise above them.”


Donald Trump: 

“Part of being a winner is knowing when enough is enough. Sometimes you have to give up the fight and walk away, and move on to something that's more productive.”


Mukesh Ambani: 

“I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.”

Mark Zuckerberg: 

“The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

Lakshmi Mittal:

“Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve.”

Azim Premji: 

“If people are not laughing at your goals, your goals are too small.”

Andy Grove:

“You have to pretend you're 100 percent sure. You have to take action; you can't hesitate or hedge your bets. Anything less will condemn your efforts to failure.”

Jack Welch: 

            “Love the janitor.”

J.K. Rowling:

 “If you want to see the true measure of a man, watch how he treats his inferiors, not his equals.”

Andrew Carnegie:

“As I grow older, I pay less attention to what men say. I just watch what they do.”

Michael Bloomberg: 

“Getting the job done has been the basis for the success my company has achieved.”

Mark Cuban:

 “Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.”

Henry Ford: 

“If you think you can do a thing or think you can’t do a thing, you’re right.”

Clive Palmer: 

“I realised that in a lot of failures, there is a lot of opportunities.”

Michael Dell: 

“Whether you’ve found your calling, or if you’re still searching, passion should be the fire that drives your life’s work.”

Carlos Slim Helu: 

“When there is a crisis, that’s when some are interested in getting out and that’s when we are interested in getting in.”

Bernard Arnault:

 “I think in business, you have to learn to be patient. Maybe I’m not very patient myself. But I think that I’ve learned the most is be able to wait for something and get it when it’s the right time.”

Aristotle Onassis:

 “After a certain point, money is meaningless. It ceases to be the goal. The game is what counts.”

Ted Turner:

 “I just love it when people say I can't do it, there's nothing that makes me feel better because all my life, people have said that I wasn't going to make it.”
 

Warren Buffett's investments success: 10 lessons to learn

Warren Buffett is undeniably the most successful investor in history. His success is attributed by some to his sharp business acumen, understanding of businesses while others ascribe it to plain and simple luck. Numerous books have been written in an attempt to analyze the factors which lead to his extraordinary success. However, replicating similar results is no cake walk.

Success at Buffett's rate is not a result of following a set formula. It was a continuous process backed by extremely hard work (thoroughly researching every step taken), discipline, perseverance and effective execution play a pivotal role in his success story.

We have compiled a list of key factors which led to Warren Buffett's coveted success.

1. Chalk up a plan
While making an investment, it is important to set a goal. Invest in value and then be patient. Quoting Buffett's famous words, 'the stock market is a device for transferring money from the impatient to the patient.' So once your homework is done and a choice is made, stick to the plan.
2. Invest in value
'Price is what you pay, value is what you get,' said Mr Buffett. Whether it is going in for an investment or making any other purchase, these words ring true. Looking for value is the underlying principal to be followed.
3. Plough back to reap benefits
Retain the earnings and invest it back in the business. The idea is to make the business grow and sustain. If earnings are taken home as dividends from a flourishing business, it does not help the very business which helps your earn, to grow. Dividends are popular but they shouldn't be the only thing one must have an eye on. It is important to track the utilization of funds back into the business to continue growing.
4. Strategize and execute
When it comes to investments, figure out the cash in hand and the fixed income sources one may invest in. The returns must be enough to sustain your current lifestyle. After this is sorted, money can be invested in other options which have a possibility of high returns against high risk. The strategy adopted must ensure that investment options are balanced. As Buffett said, do not put all your eggs in the same basket.
5. Time is money and has to be managed accordingly
Warren Buffett said, the rich invest in time and the poor invest in money. Indeed time is one commodity which is equally distributed to everybody. Tasks which are not related to his investment process were either delegated or eliminated. Time and energy spent on trivial tasks can be channelized on the ones topping the priority list.
6. Develop managerial skills
A manager sets goals for the team and drives them to achieve those. Keeping the team motivated, providing appropriate financial incentives and addressing any other concerns to the team's satisfaction are where managerial skills are tested. Not everybody is born as a good manager but these skills can definitely be developed.
7. Learn. Read. Think
Warren Buffett said that investing in yourself is the best thing you can do. Nobody can take away talent from a person. Irrespective of the economic conditions, talent will always fetch proportionate returns. The value does not deteriorate. Hence, it is important to invest in developing ones skills. Staying updated helps in making intelligent decisions. Buffett's wise words- You can't reach success in investment if you do not think independently.
8. Everyday advice
Create more than one source of income. Do not depend on your job alone. Make investments to create a second source of income. Think twice before buying anything. Retail therapy does not really help in the long run. If one continues to buy things which are not needed, there will be a stretch situation someday for making necessary purchases.
9. Investment advice
Diversify the portfolio. It is important to balance investments on basis of fixed income, returns and risks. Also, while taking risks, tread cautiously. Like Buffett said, never test the depth of water with both feet. Only invest in businesses which you understand completely. Remember it your hard earned money invested there and you need to be absolutely sure about how it will be utilized to fetch returns.
10. Be your own advisor
Many people make investment decisions based on other people's opinions. This kind of an investment is the most risky investment and we are not even considering the inherent risk of the option chosen here. The investment option chosen by a friend may be best suited for their lifestyle and future plans. But that does not necessarily make that option a good fit for you. So think for yourself, seek clarity on your goals and then make a wise investment choice. Like Buffett said, a public opinion poll is no substitute for thought.

While we hope that these rules inspired by Mr Warren Buffett help you in making choices, we leave you with the two golden rules quotes by Buffett.
1.Never lose money.
2.Never forget rule number 1.