Lessons from Billionaire Warren Buffett: Spend less than you earn, avoid toxic people and activities, and keep learning throughout your life

Andrea Zanon Confidente
2 min readMay 17, 2023
https://andreazanon.tech/lessons-from-billionaire-warren-buffett-spend-less-than-you-earn-avoid-toxic-people-and-activities-and-keep-learning-throughout-your-life/

Since 2012 I have attended Warren Buffett and Charlie Monger Berkshire and Hathaway’s shareholders meetings. The shareholders meeting brings together Presidents of Investment Funds, Family Offices, VC, and Hedge Funds. Additionally, corporate leaders such as Bill Gates and Tom Cook are always in attendance. The lessons emerging from these meetings represent the most effective accelerator for personal growth, and we should all apply the two billionaire investors and wisdom as they have been instrumental to their unparalleled success and happiness.

During the shareholder’s meeting, CEO Warren Buffett and vice chairman Charlie Munger gave away as usual business and life advice during Saturday’s annual meeting on May 6th. Munger’s “great lesson in life” is to cut out toxic people who can hinder your path to success.” Munger continued and said, “It’s so simple to spend less than you earn, and invest shrewdly, and avoid toxic people and toxic activities, and try and keep learning all your life, and do a lot of deferred gratification”. If you do all those things, you are almost certain to succeed according to the two guru investors. Similarly, Buffett commented “I’ve never known anybody that was basically kind that…

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Andrea Zanon Confidente

Performance advisor with over 20 years experience across entrepreneurship, sustainability and partnership. Now focusing helping people investing in themselves