Friday, July 12, 2013

Backstage.com Advice: What Actors Can Learn From Warren Buffett

Backstage.com Advice
News articles for the following category: Advice
What Actors Can Learn From Warren Buffett
Jul 12th 2013, 19:00

There’s a saying that “Life is life," which essentially means everything is the same. There are universal principles to success. Unfortunately many actors forget that anything worth having usually takes a lot of time and effort including—and maybe especially—acting. Since I got an MBA long before I got into acting, many of my friends work in more traditional business areas like marketing and finance. Not surprisingly, to get a high profile job at one of the more prestigious investment firms requires doing all the right things in the right order. What might surprise you is that investment bankers are a lot like actors. When they are young, they think money comes fast and easy because they see someone hit the jackpot. So, of course, they think they should try hitting the jackpot too. All too often, we see the results of all that short-term thinking such as the mortgage crisis, traders losing billions overnight, and entire nations in crisis. Even if someone hits it big quick, they are prone to lose it all because of that short-term gambling mentality, i.e. take big bets with very low odds. The big winners in life are usually the ones who settle in for the long haul. Warren Buffet, who is generally

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