Warren Buffet’s 10 tips for 2009


sORRY, I am away on a holiday today, and I have promised that I will not venture near the computer/laptop/whatever on any public holiday in Nigeria. 

I decided to leave you with words of wisdom by a very good friend of mine. Some of you might have heard of him, many might never have, some might even know him, like I do.

Let me introduce you to warren-buffet-3Warren. Mr Warren to most of you. How has he become a personal friend you may ask? Well, I have read articles and books on him and I very much cherish this old head who only grows wiser instead of older with each year. He has gavin me some tips, and I thought it would only be fair to share them with you.

So if I were you, I would print this blog entry and click on MR WARREN BUFFET to find out more about my special friend. I promise you, you will not regret it. Have you clicked yet? Well, here you go, another opportunity – WARRENT BUFFET

So get your printer ready to print these words of wisdom. Do let me know what you think of Warren. Catch you all tomorrow. 

Here we go;

Friends – We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.




Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.


  1.  Hard work: All hard work bring a profit, but mere talk leads only to poverty.
  2. Laziness: A sleeping lobster is carried away by the water current.
  3. Earnings: Never depend on a single source of income. [ At least make your Investments get you second earning 
  4. Spending: If you buy things you don’t need, you’ll soon sell things you need.
  5. Savings: Don’t save what is left after spending; Spend what is left after saving.
  6. Borrowings: The borrower becomes the lender’s slave.
  7. Accounting: It’s no use carrying an umbrella, if your shoes are leaking.
  8. Auditing: Beware of little expenses; A small leak can sink a large ship.
  9. Risk-taking: Never test the depth of the river with both feet. [ Have an alternate plan ready ]
  10. Investment: Don’t put all your eggs in one basket.



I’m certain that those who have already been practicing these principles remain financially healthy. I’m equally confident that those who resolve to start practicing these principles will quickly regain their financial health.


Let us become wiser and lead a happy, healthy, prosperous and peaceful life.


7 Comments Add yours

  1. Afrobabe says:

    On the 10th tip….don’t put all your eggs in one basket…sma e principle as guys yeh?


  2. RocNaija says:

    It’s no use carrying an umbrella, if your shoes are leaking.
    Now that’s funny.. .but very true!!


    1. babajidesalu says:


      How are you doing? First time here I guess? Thanks for stopping by.
      On Mr Warren’s tips, the man surely knows his onions.
      Hope to see you soon.
      God Bless


  3. shubby doo says:

    warren’s advice is wonderful. i never thought about always having a 2nd source of earnings. hmmm…must do somthing about that

    enjoy your holiday


    1. babajidesalu says:

      Hi Shubby doo,

      Thanks, I had a restful weekend and I am glad you found Mr Warren’s advice very useful.
      * On a 2nd source or earnings, don’t we all ?

      taKia & God Bless


  4. Gerard says:


    Thanks for the wonderful tips. I wish I practiced most of those years ago. But I always feel experience is the best teacher. I am a big follower of Warren Buffet.

    When you have time from your own observation how is this world economic crisis affecting Nigeria.

    Anyway enjoy your holiday. Have good and productive week.


    1. babajidesalu says:

      Hey Gerard,
      I ‘am glad you found Mr Warren’s tips very useful as I did.
      * Never mind about the past, it is what is happening TODAY that really matters, what we can affect.
      * I will endeavour to enter in my diary my observations of the CC as it affects Nigeria as you have kindly suggested.
      * Oh yes, I had a restful holiday.
      Gerard, always appreciate you man.


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