On Earning: "Never depend on a single income. Make Investments to create a second source."
On Spending: "If you buy things you do not need, soon you will have to sell things you need."
On Savings: "Do not save what is left after spending, spend what is left after saving."
On Taking Risks: "Never test the depths of the river with both of your feet."
On Expectations: "Honesty is a very expensive gift. Do not expect it from cheap people."
Here are five lessons that the Oracle of Omaha – Warren Buffett passed on to his son, Peter Buffett.
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