In this episode, Frank and Ian can hardly contain their man-crush for legendary investor and CEO, Warren Buffett. Only the truly dedicated will invest $5,000 and an entire weekend in Omaha to listen to Warren opine for six hours at the "Woodstock for investors." We talk about the day we spent at the Berkshire Hathaway annual meeting and all of the other lessons we've learned from our hero.
In this episode:
- Ian gets shamed by a sweet, but very rich, old lady in Omaha
- How your earliest jobs can form who you become in your career
- It has never been easier to start a side gig
- No one will invest in you without a track record or skin in the game
- Patience is an underrated strategy for building wealth
- Why Warren is either lavish in his praise or dead silent - a lesson in motivation
- You cannot build a career when you are overly focused on your image
- "Lose money for the firm and I will be understanding. Lose one shred of our reputation, and I will be ruthless."
- Buffett's approach to delegation is next level
- Why Buffett does not set limits on compensation
- How to raise private capital like Warren Buffett
