We agree that Warren Buffett doesn’t need a cover letter – the Internet is full of hundreds of articles about him, there are dozens of books that carry his name and his successful case is studied in universities in the entire world-.
But if you are still asking yourself what can someone like him teach you about online business and digital marketing then we are going to sum up some of his most significant achievements so you know who is behind the 6 lessons that we are going to share with you.
To explain it in a quick and easy manner, Warren Buffet almost began doing business before walking.
His first investment was when he was six years old, when he started to resell Coca-Cola bottles for 10 cents when he was only buying them for 4.6 cents. So for this he couldn’t imagine that some forty years later he would have a total empire under his feet.
He bought his first stock at 11 years old – and regrets having started so late!- at 14 he bought a small farm with his savings from delivering newspapers and at 26 he created his own investment company, Buffet Associates Ltd.
When he was 35 years old he bought a textile firm on the boarder of bankruptcy called Berkshire Hathaway, and not only did he succeed in transforming the company into a prosperous company of more than 270,000 employees but it grew so much that he is now the owner of 60 other companies and the forth most valuable firm traded in the United States.
So that you have an idea, it’s just ahead of Apple, Google and Exxon Mobil.
It’s even ahead of Microsoft! (Will use this as a strategy to destabilize Bill Gates every time they play bridge?).
Now, at his 85 years of age he has a valued fortune of more than 67,000 million dollars– even though the maximum salary that he gets himself is 100,000 dollars annually- and all of this is thanks to his huge knowledge and amazing success in each one of his investments, earning him the nick name of Omaha Oracle in reference to the city where he was born.
He is constantly searching for new investments; he has a great mind for business and posses stocks in Disney, Nike, Mc Donald’s, IBM and American Express. Wow! And curiously he has never traveled in a private jet even though he is the owner of a major world company of private planes.
Don’t worry, its normal after reading all of this that you think Warren Buffett only remains to discover the secret formula of Coca-Cola, but even that can’t take away his dream: in 1988 he started to buy stocks in the company and today has more than 400 million stocks which gives him 8.8% of the company. Not bad for a boy that started selling Coca-Cola bottles, don’t you think? 😉
So now that you have sufficient reasons to want to learn the lessons from Warren Buffett for online business and digital marketing, we’re going to look at them in detail.
Maybe this won’t help you take his spot in the ranking of millionaires, but surely his quotes will leave you lessons impossible to forget.
The 6 most powerful lessons from Warren Buffett on digital marketing
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