Warren Buffett, one of America’s wealthiest people, is famously followed for his investing views and strategies.
And why not? As chairman of Berkshire Hathaway, Buffett has led his company, through acquisitions and investments, to exponential growth. A $1,000 investment in Berkshire Hathaway in 1959 is worth $25 million today!
The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people…The best asset is your own self. You can become to an enormous degree the person you want to be.
In an ABC news interview in July of 2009, when asked whether it is still important for families to send their children to college or higher learning, Buffett said:
Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you. They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen. But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold.
He went on to say that he doesn’t mean that everyone should go to college. And he added that learning communication skills are tremendously important for everyone.
Buffett recently appeared in an online animated series called the Secret Millionaire’s Club in which he teaches kids about finance and investing. Appearing on CNBC in July of 2009 to talk about this new venture, Buffett was asked, “What’s your hope that kids will take away from these episodes?” His reply:
Well, one way or another you develop financial habits when you’re very young. And the habits you develop live with you for the rest of your life. So if we can get through to some young people that it’s better to be a little bit ahead of the game than behind the game, watch out for credit cards. The most important message is that the best investment you can make is in yourself. Teaching them if something’s too good to be true, it probably is, and so on. If they learn those things the easy way through these stories early on, it may save them learning it the hard way later on.
…Like I said, the most important message you can deliver to a young person is that anything you invest in yourself, you get back ten-fold. And nobody can tax it away, they can’t steal it from you. So we’ll be trying to deliver those messages. You have to do it with a good story. They’re not going to watch it to get a lecture. They’re going to watch it to get entertained, and in that entertainment we hope there can be a good message.
So, what are some of the best ways you can invest in yourself?
What do you think about Buffett’s assertion that the best investment you can make is in yourself? What do you think are some of the best ways to do that?
This was re-posted from my personal growth blog.