ILLUSTRATION. A rare trait that brings success, according to Warren Buffett, is patience.
Source: Inc. | Editor: I knew Laoli
KONTAN.CO.ID – There is no doubt that the legendary investor Warren Buffett is one of the most successful people in the stock market to date.
Apart from his skills in managing portfolios on the stock exchange, Buffett is also known for his advice on life.
Founder dan Chief Human Officer, Leadership From the Core, Marcel Schwantes in his article written at Inc. says, over the years, he has collected a number of classic tips from Buffett that deal well with investing decisions and making good decisions in life.
In his opinion, one of Buffett’s best advice is somewhat counterintuitive. According to him Buffett counts Father Time as a wonderful business companion.
Buffett says the key to success is having the faith to believe that good things will happen to those who wait.
It doesn’t matter how great talent or effort a person has. “You can’t have a baby in one month by impregnating even nine women,” Schwantes wrote.
For entrepreneurs starting their businesses, instant gratification is just a dream. Buffett strongly believes in the important lessons of long-term thinking (thinking long term).
The long and arduous journey and trials of 14 hours a day and sleepless nights will eventually bear fruit and pave the way to success, making the journey much sweeter. The key word for making this happen boils down to one rare trait: patience.
The benefits of patience
Researchers have found that people who display the rare trait of patience make more progress toward their goals and are more satisfied when they achieve them (especially if those goals are difficult) than people who are less patient.
Other research has also found that people who are patient tend to experience less depression and less negative emotions and are better able to cope with stressful situations.