Warren Buffett is very confident in himself when it comes to investing. He makes an investment is not based on a great amount of information but his “highly confident” speculative. He had made three million dollars with his entirely speculation. He has often described he is never worried about his investment as he believes in himself and never has doubt on his ability. One of his famous quotes clearly showed his strong sense of self-confidence, said that “I always knew I was going to be rich. I don't think I ever doubted it for a minute.” Optimistic
Warren Buffett is optimistic toward his business. His strongly display of optimism is expressed in the annual letter of Berkshire Hathaway; he said that “no matter how serene today may be, tomorrow is always uncertain.” He always sees the market chaos which would probably generate opportunities for him and Berkshire Hathaway. In an interview with CNBC, Buffett said, “You get more excited when there's a lot going on, you can't help it. And frankly, it will probably present more opportunity to us because when dislocations occur..." He believes that he can only live life forward and should not look back. Patience
In his early childhood, he has gone through an experience that the basic lesson of investing is being patient. He is able to wait for the perfect opportunity to come along, which could take years, before making an investment. He has perused the annual reports from Anheuser-Busch Inc. for 25 years before deciding to buy their stock. The patience of a baseball player who waits for the perfect pitch before swinging is same as an investor who needs patience for buying a good stock. In addition, Buffett also reckons that investing in stock market needs one’s patience to wait for the advantages even though it is full of risk and uncertainty. He believes that “unless he can watch his stock holding decline by 50% without becoming panic-stricken, otherwise he should not be in the...