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.