Warren Buffett's enormous wealth is only matched by his incredibly valuable wisdom. So when the Oracle of Omaha says he has a simple rule to improve your life financially and personally, you should pay attention.
In a lecture to USC Business School students, Warren Buffett's right-hand man, Charlie Munger, revealed a strategy that Buffett has used time and again to build success.
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Warren Buffet preaches that he could:
"Improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches — representing all the investments that you got to make in a lifetime."