WB

Warren Buffett

07/21/21

@ Life Stories

I developed many of my ideas from my dad, who taught us that all people have equal value through his actions rather than preaching.

WB

Warren Buffett

07/21/21

@ Life Stories

I believe that my success is largely due to luck, particularly being born into a supportive family and having the right opportunities.

WB

Warren Buffett

07/21/21

@ Life Stories

My father often discussed the dangers of mob thinking, especially in relation to a famous lynching he witnessed, emphasizing the importance of critical thinking.

WB

Warren Buffett

07/21/21

@ Life Stories

During the 1960s, I supported fair housing legislation, although my wife was more active in the movement than I was.

WB

Warren Buffett

07/21/21

@ Life Stories

I joined a previously all-Jewish country club out of principle after my own club rejected a Jewish friend, which sparked controversy.

WB

Warren Buffett

07/21/21

@ Life Stories

Katherine Graham, the owner of The Washington Post, showed remarkable strength by taking over the paper after her husband's death and supporting journalistic integrity during the Watergate scandal.

WB

Warren Buffett

07/21/21

@ Life Stories

I enjoy teaching and find that engaging with students energizes me, as they are eager to learn and form their futures.

WB

Warren Buffett

07/21/21

@ Life Stories

The toughest part of my job is firing a manager, as it feels personal and painful, especially when they are friends.

WB

Warren Buffett

07/21/21

@ Life Stories

I believe that success can be measured by how many people would hide you in times of trouble, reflecting the depth of your relationships.

WB

Warren Buffett

07/21/21

@ Life Stories

I think that as I age, I still wake up excited about each day, valuing my relationships and the joy they bring. I've learned a lot about human behavior over the years, and I think I'm better at understanding it now than I was in my 20s.

WB

Warren Buffett

07/21/21

@ Life Stories

I can't pick out the best person to run a business just by looking at a group of graduates, but I can gauge how they'll behave in various situations based on my experiences with them.

WB

Warren Buffett

07/21/21

@ Life Stories

I have no regrets about focusing on stocks from a young age; it was a natural interest that I stumbled into early on.

WB

Warren Buffett

07/21/21

@ Life Stories

I've been able to choose how I spend my time for the last 60 years, allowing me to work with people I love and enjoy what I do.

WB

Warren Buffett

07/21/21

@ Life Stories

I like to read a lot, spending about five to six hours a day doing so, which is the kind of life I enjoy.

WB

Warren Buffett

07/21/21

@ Life Stories

Over the years, I've developed filters to avoid wasting time on business opportunities that don't interest me, often knowing within minutes if something is worth pursuing.

WB

Warren Buffett

07/21/21

@ Life Stories

I stay within my circle of confidence, focusing on areas where I have expertise and not worrying about things outside that circle.

WB

Warren Buffett

07/21/21

@ Life Stories

Defining what your game is and where you have an edge is crucial for success in business and investing.

WB

Warren Buffett

07/21/21

@ Life Stories

Envy can be a destructive force in investing; it often leads people to make poor decisions based on what others are doing.

WB

Warren Buffett

07/21/21

@ Life Stories

My father was an optimist who believed in having an inner scorecard, teaching me to focus on my own values rather than what others think.

WB

Warren Buffett

07/21/21

@ Life Stories

I grew up in a middle-class family, and my father's optimism and work ethic had a significant impact on my outlook on life. I learned a little bit about business when I was young, realizing that sometimes employees' interests can differ from those of the employer.

WB

Warren Buffett

07/21/21

@ Life Stories

I was very focused on my work, and my wife Susie did most of the work in raising our children, which was probably a good thing.

WB

Warren Buffett

07/21/21

@ Life Stories

I told my dad to leave me out of his will because I knew I was going to get rich, so I wanted my sisters to have the inheritance.

WB

Warren Buffett

07/21/21

@ Life Stories

My wife Susie and I set up a foundation over 50 years ago, intending to give away our wealth to do good.

WB

Warren Buffett

07/21/21

@ Life Stories

I believe that every human life is of equal value, and I feel good about what's being done with the money from my foundations.

WB

Warren Buffett

07/21/21

@ Life Stories

The biggest thing in making money is time; compounding works over the long run.

WB

Warren Buffett

07/21/21

@ Life Stories

You can't stop America; it has a system that works and will continue to produce more and better goods per capita.

Warren Buffett's Investment Strategy: How to Live and Invest like a Legend (Full Interview)

Takeaways