Key Takeaways

• Some people are dreamers, whereas others take action and are the doers in life.
• What separates a doer from a dreamer?
• Warren Buffett identified three behaviors common to doers.

You likely know people in your life who take swift action on things. They make decisions and they quickly move forward on those decisions. Perhaps you yourself are someone like this.

According to Warren Buffett, this is one of the key characteristics of doers, and it’s something that separates them from the dreamers. He identifies three such characteristics:

1. Surround yourself with the right people. This is very important. Who you hang out with is who you become. This may mean you need to “fire” some of your friends or find others who fit with who you want to be – people who share a similar purpose in life, who are positive and supportive role models, and who align with who you want to be going forward.
2. Act swiftly on decisions. Malcolm Gladwell’s book Blink discusses this use of intuition and of drawing from experience to make quick decisions. He gives the example of museum curators who immediately recognized a Greek statue to be a fake, even though it seemed to tick all the boxes of being genuine. It took many months of extensive research to determine that it was indeed a fake. Oftentimes we have the knowledge, experience, and intuition to make good decisions in a quick and appropriate manner, but we tend to discredit these decisions simply because they’re made quickly. Sometimes we just need to trust ourselves.
3. Invest in yourself and do so throughout your life. Investing in yourself isn’t an expense. When we spend money on a book, on a program, or on a class, we may view it as an expense, but it’s really not. It’s a capital expenditure on making you better at who you are and where you want to go. These are investments in yourself and in your goals in life, not expenses. It’s important to distinguish between the two.

Warren Buffett has been around for more than 90 years, and he’s a smart man, so he’s bound to have some good insights and advice on taking action. Hopefully these provide you with some food for thought on being a doer. Until next time, enjoy.

Gary

If you’d like to read more on this topic, here are a few of our past Coyle Blog posts that you might enjoy:

The Wisdom of Warren Buffett

Warren Buffett Wisdom

Gary Klaben serves as a Financial Advisor, and visionary for Coyle Financial Counsel. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business Battlefield.  Whether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

Learn more about The Coyle Process, approach designed to get your arms around the big picture, so you can make informed financial decisions. Ask Gary about The Coyle Process and schedule a complimentary consultation and start living the Good Life Managed Well™.

www.coylefinancial.com
847-441-5644 | coyle@coylefinancial.com

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