Author Archives: yujinlu

3 Things I Learned from Warren Buffett

When the name Warrant Buffet is mentioned, what is the first word or phrase that comes to your mind? For example, you can say “Future me”. I have three phrases, Shareholder, Mr, Market, and Circle of Competence. Today I am going to share how these three things I have learned from Warren Buffett changed my investment strategy.

This is a speech I gave at my Toastmasters Club for the project of Introduction to Toastmaster Mentoring, a Level 2 project in the Pathways program.

My Great Virtual Mentor

I am grateful I have this great virtual mentor. He helped me get back the sense of security, both emotionally and financially. He also guided me to pivot, and move onto the next chapter of my life, focusing on writing and speaking. And He will continue to help and guide me whenever I need him.

This is the script of a speech that I gave at my Toastmasters Club.

Make Friend with Time: Compound Effect

Albert Einstein once said Compound Rate was the eighth wonder of the world. Then how can we take advantage of the exponential curve and the compound effect?

One important application is in investment. S&P 500 stock index fund is the most recommended investment by Warren Buffett. The compounded return of the S&P 500 Index is 10% for the last 50 years, and 8% for the last 10 years.

But someone might ask what if I am not interested in investment. Can I utilize the compound effect in other areas? I say, Anything and Everything.

12 Rules for Personal Finance – Personal Financial Planning Basics

I am very interested in economics, finance, and investment, and have learned these for a couple of years in my spare time. The main purpose of learning them is to improve my personal financial situation. The other day, I took the CFP (Certified Financial Planner) sample quiz and correctly answered 7 out of 10 questions. Not bad.

I have summarized the basics of personal financial planning, 12 main points in total. As a tribute to Jordan Peterson’s 12 Rules for Life, I call it 12 rules for Personal Finance.

Jinlu’s Cooking Style

The other day, our club president approached me and asked: “Jinlu, you are a Chinese, so could you tell me the best Chinese restaurant nearby?” I said, “No, I cannot tell you.” I didn’t want to keep the best restaurant for myself. I simply don’t know. I cook at home almost every day. So I know very little about nearby restaurants.

Cooking for the entire family can be challenging because different people want different things. For me, the most important thing about food is eating healthily. I use this Healthy Eating Plate from Harward Medical School as my guidance. But for my husband, all he cares about is taste. The saltier, the spicier, the greasier, the merrier.