Warren Buffetts Life Advice Will Change Your Future MUST WATCH
by far the best investment you can make
is in yourself
i mean that for example communication
skills i tell the students that come
that
they’re going to graduate schools and
business and
they’re learning all these complicated
formulas and all that if they just learn
to communicate better and both in
writing and
in person they increase their value at
least 50
if you invest in yourself nobody can
take it away from you if i gave you a
car and it’d be the only car you’re
getting the rest of your life
you take care of it like you can’t
believe any scratch you’d fix that
moment you read the owner’s manual you
keep a garage and do all these things
and
you get exactly one mind of one and one
body in this world
and and you can’t start taking care of
it when you’re 50 by that time you’ll
rush it out if you haven’t done anything
so you you should
just really make sure that you just
remember that you just got one
mind and body to get through life with
and to do the most with it what about
life advice
well life advice is uh you know the most
important thing
is really who you associate with you
want to associate with people that are
better than you are
i mean basically you’ll go in the
direction of the people that you
associate with and
and you want to have the right heroes
you want people
if you want to emulate somebody you
better pick very carefully who you want
to emulate and
obviously you can’t pick your parents
they’re gonna have an enormous influence
on you but you don’t get a choice on
that but you get choices
as you go down the line and you who you
uh who you admire who you who who you
want to copy and the most important for
most people in terms of that decision
is their spouse it’s also important in
terms of a partner in business with the
partner in life is
is the most important one you want to
pick a spouse that’s
better than you are biggest mistakes
people make when investing
well they they try to they
they just don’t realize that all you
have to do is just buy a cross-section
of america and they never
listen to people like me or read the
papers or do anything subsequently
they think they think that because you
can trade you should trade
you buy a farm you buy an apartment
house you can’t resell it tomorrow and
you know the cost of
moving around now you get something
handed to your liquidity
you know which is instant you can sell
and the cost of doing it are pennies you
know compared to other kinds of
investment activity so because they can
so easily move around they do move
around and moving around is not smart in
investing
you have a pretty cool morning routine
regarding what you have for breakfast
and how prosperous you feel what is that
i eat exactly what i like to eat
if somebody offered me a deal when i was
20 and said you’re going to live one
year longer
you know instead of living to 88 you’ll
have to 89 or whatever it may be
if you eat nothing but broccoli and
brussels sprouts and onions and all
these things
and i i just said i’ll you know take the
last year off it probably won’t be that
good anyway you know
so i eat exactly what i like to eat
is business school worth it depends on
the person that
much more than it depends on the school
i mean i i wouldn’t worry
some people are going to get a lot out
of advanced education and some people
are going to get
very little and i don’t even think it’s
important that every person go to
college at all i mean
we have all kinds of jobs at 70 or so
thousand a year 80 000 a year that
college training is is is not abuse
and i i actually was not keen on going
to college
myself yeah my dad uh kind of jollied me
into it he could get me to do anything
but
i knew i could have a good time and i
liked investing and i didn’t really feel
like
i could read the books you know it’s a
big commitment
to take four years and the cost involved
and maybe the loans involved and
everything i think
depending on what your interests are in
life
i don’t think i don’t think it’s for
everybody i think it’s for a lot of
people
but there ought to be a reason you’re
going and i didn’t really see much
reason
if you get to be 65 or 70
and later and and the people that you
want to have love you actually do love
you
you’re a success i’ve never seen anybody
that
reaches that age i mean i’m not talking
about somebody that’s in extreme poverty
or pain or something but i’ve
never seen anybody that if they have a
lot of people that love them
that is other than happy and i’ve seen
some very very
wealthy people that they give interest
to and name schools after and everything
nobody nobody loves them by far the best
investment you can make is in yourself
if you invest in yourself nobody can
take it away from
you