Warren Buffet's gems

Dear All,
In view of the bloodbath in currency, commodity & stock markets across the world since Monday, I am reminded of what American investment guru Warren Buffet had said at the peak of US financial crisis that still holds true :
+ Hard work : all hard work brings profit, but mere talk leads only to poverty
+ Laziness : a sleeping lobster is carried away by the water current
+ Earnings : never depend on a single source of income
+ Spending : if you buy things you don't need, you'll soon sell things you need
+ Savings : don't save what is left after spending, spend what is left after saving
+ Borrowings : the borrower eventually becomes the lender's slave
+ Accounting : beware of little expenses, a small leak can sink a large ship
+ Risk taking : never test the depth of river with both feet
+ Investment : don't put all your eggs in one basket
What was said six years back, holds true today. If the advice is heeded & implemented, the financial pain can be converted into a lifetime opportunity