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Warren Buffett Talks About His Early Choices

January 30, 2017 -

Like many in the personal finance community (and everyone else), I am always up for watching another Warren Buffett interview. When you look back over Buffett’s career, what the man has accomplished is truly amazing

Here’s a 30 minute interview of Warren Buffett by David Rubenstein. During the interview, Buffett talks about how he got started and provides a little insight into how he thinks and acts.

My take-away is that if you’re looking to emulate someone, certainly Warren Buffett would be a good choice. But if you’re just watching what he buys and how he invests, you’re missing the critical aspect of his success.

Play close attention around the 25 minute mark. Buffett’s comments are indicative of the attitude many of us in the personal finance community embrace – experience over consumption. Valuing time over money.

Warren Buffett didn’t just become a success overnight. He didn’t start an internet company in his dorm room and sell that company for a billion dollar valuation with no revenue two years later.

Starting his investment funds in the early 1960’s, Buffett worked hard year-after-year. He took incremental steps forward slowly improving both his business and his net worth. He was frugal with his spending and saved his money.

Warren Buffett epitomizes the personal finance standard. While he’s taken financial independence to a stratospheric level, the concepts he’s employed can work for any of us.

Watch the video and let me know your thoughts.

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Comments

  1. Adrian - Investor Tuition says

    January 31, 2017 at 11:04 pm

    Warren Buffett is one of the great investment minds who not only developed a reasonably simple methodology which he certainly proved worked. The great lesson he teaches is to move away from short term horizons and concentrate 20-30 years from now. A concept that is incredibly difficult for anyone who lacks the confidence in their own investment decisions and the vision to see the end result. A lot of people say that times are different now and what he achieved can’t be done in today’s market. Which is a load of hogwash. The most key factor in markets are the participants i.e. humans and humanity has certainly not evolved one bit in the last 100 years, to have had the emotions of fear and greed eliminated from their psychological profile. . Until this happens, markets will always be the same, no matter what the era.

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    • Financial Slacker says

      February 8, 2017 at 2:08 pm

      I’m with you and agree that times are not so different now. Buffett’s philosophies stand up to time.

      But with that said, I do think finding value investments is more difficult today than it was in the past as information is easier to get. But for those willing to put in the effort, there are still good buying opportunities available.

      View Comment

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