Warren Buffett series #5 – What to look for when determining if a person is honest or not?

What to look for when determining if a person is honest or not?

We have to have some evidence of behavior in front of us. If we work with someone over a period of a few months or more, we can come up with a pretty high batting average in terms of how they behave. 

People leave track records in life. By the time you at 22 or 23, you will have left quite a track record and the world would be able to figure you out. 

Track records are important. If you start early trying to have a perfect record in some simple thing like honesty, you are well on the way to success in the world.

You can have the reputation you want. If you list all of the things that you admire in other people, you will find out that almost everything you list are qualities you have have if you set out to do that.

The best way to have what you want is to deserve what you want.

About me and why this series:
I got a life-changing experience studying Warren Buffett’s annual letters in 2013 after 10 years of speculating, market timing, charting, and forecasting. I started investing in the Vietnamese stock market in 2015 with what I saved from my engineering job. In 2018, I decided to study Warren Buffett’s investing again by going through all of available Berkshire Hathaway’s annual meeting videos. It has been another life-changing experience. Warren Buffett’s teaching is a real germ and yet not many people replicate. Hence, I am committed to share what I learned.

You can subscribe to my blog to follow the series of what Warren Buffett has been teaching in his annual meetings. I attempted to modify but keep as much as possible what he spoke.

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