Important Career Advice From Warren Buffett

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The billionaire investor Warren Buffett says the most “important” career advice he ever received – and later passed on to his own children – came from Ralph Waldo Emerson’s 1841 essay, “Self-Reliance.” The essay advises choosing work that fits your nature, not parental expectations or society’s approval.

Read his critical insights that were passed down through generations of his family. 

Tariffs Disrupt Trade

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Tariffs disrupt trade between countries by raising taxes on imported goods, and those new costs are often passed on to consumers through higher prices. Tariffs are considered by many economists a political cudgel — sometimes used in a trade war — and not an efficient framework for international trade.

Trump is set to go ahead with tariffs on America’s biggest trading partners on Tuesday, 3/4/25 imposing 25% tariffs on goods from Canada and Mexico. Trump on Monday also raised tariffs implemented on China from 10% to 20%.

As Warren Buffett would ask, "And then what?" 

Today in Global Small Business: Recap of Warren Buffett’s Comments at the Berkshire Hathaway Annual Meeting 2024

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What's affecting me, my clients, my colleagues and other global small business owners:

• Full report on the Berkshire Hathaway Annual Meeting 2024.
• US campus protests:  Final memories for some students.
• A quick view of what Lumiere is capable of (Google AI generating video service).
• Quote of the week:  "If you are lucky in life, make sure a bunch of other people are lucky too." – Warren Buffett (2024) 
• Look out Shopify and say hello to Swap, for DTC players in e-commerce.
• Economic outlook from OECD: Steady global growth expected for 2024 and 2025.

Heaping Praise By the Famous Across Borders Helps Sell Product

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Especially if the praise comes from one of the richest men in the world, Warren Buffett (not pictured).

Ms. Li's company got a major boost after Mr. Buffett, chairman and chief executive of Berkshire Hathaway Inc., recently appeared in a Dayang promotional video, posted on the company's Web site. He heaped praise on Ms. Li, her company, and the nine Trands suits he proudly owns. Shares of Dayang's Shanghai-listed subsidiary, Dalian Dayang Trands Co., have soared by more than 70% since the video was posted on Sept. 10.

I don't know about you but I am to see if I can capture Mr. Buffett's interest in our work.

Read more here.

Related links:

Dayang Group Co., Ltd.

Trands suits