As a student of business I am always keeping my eyes on the moves of what those who possess the success I desire are doing! What are they thinking about the current financial opportunities and what are they doing with their money and time!
I subscribe to the philosophy that your life mirrors those whom you spend the time most time studying and emulating!
That said during the onset of the recession Mr. Buffet did something unlike anything he has ever done in his entire business career! He actually thrust himself into the spotlight and began talking more than ever and giving out advice to every television reporter and newspaper journalist that would listen.
He took out a full page ad in the The Wall Street Journal urging the savvy business people of America to wake up and realize that during this recessionary climate was the opportune time to position yourself for long term wealth. He spoke of the immense financial fortunes built during and subsequently just after the Great Depression and he admonished people to not squander this grand opportunity to change the course of their families financial futures!
Unfortunately, most people totally missed the boat as he did interview after interview and went all over the country and world for that matter espousing the virtue of investing when there is "blood in the streets!" In his words, "you need to be buying when everyone is selling everything they have as cheap and as fast as possible!" He then specifically went on to give details into how anyone could amass a fortune quickly in the midst of the recession if they did this one thing!
What you ask? Mr. Buffet said in simple terms that if you would like to make a flat out fortune in the next 3-5 years then you need to position yourself in 1 of 3 recession proof industries that always thrive regardless of economic cycle. Those 3 industries are as follows:
Tobacco
Alcohol
Coffee
Now to most people it seems odd that one of the richest men in the world would say invest your time, money and efforts over the next few years into one of these (3) key recession proof industries! Well coming from Warren Buffet that sounds wisdom but let's validate it with some social proof just for good measure!
Think about the last time you saw cigarettes prices go down, if ever! Probably not, I am sure. In addition to that, they continue to raise the prices with cigarettes now being as high as $8 a package I think. As for alcohol, I think we all know how huge that industry is and I needn't really get into that very much. Lo and behold, our last industry which is coffee, just happens to be a $90 billion dollar industry that employs over 12 million people!
After hearing Mr. Buffet, I began an in-depth study that has proved to be my most profitable business investment yet with it continuing to pay huge dividends! You see coffee is the 2nd most traded commodity in the world only behind oil and as someone who lives in the oil industry mecca of Houston, Texas I am very familiar intimately and financially with how much money is in the oil business. So to think that I am now involved in the manufacture, distribution and sale of the 2nd most traded commodity in the world is simply an amazing thought!
Coffee is also a universally accepted and consumed product with it being the 2nd most consumer product in the world, led only by water! (It takes water to make coffee!) It was at this point I began to really understand the genius of Mr. Buffet and it also helped me easily identify why he is a billionaire!
With that I sprung into action and discovered a way to help over 40 people in the 12 months retire financially free and fire their bosses!
Take Action Now
Article Source: http://EzineArticles.com/?expert=Tyron_Mcdaniel
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