warren buffet's guide to being rich

Following the Rational Course
Seizing a Few Good Opportunities

Buffet’s best business decision was to take advantage of the post-war boom, an opportunity open
to anyone, by becoming a professional investor. He followed a rational approach to investing:
“you do not need a great many deals to succeed in the investment business.”

“In fact, if…you got a punch card with 20 punches on it, and every time you made an investment
decision you used up one punch, and that’s all you were going to get, you would make 20 very
good investment decisions. And you could get very rich, incidentally. You don’t need 50 good
ideas at all.”

examples of investments: learning how to do a job, buying a house, buying a business, learning how to trade shares, investing in high interest bank accounts
you have 20 opportunities, go for it