A man spends 50 years teaching at MIT.
He knows his time is running out.
So he records one last lecture — everything he knows, distilled into a single hour.
He died 5 months later.
This is that lecture.
The most important hour you'll watch this week. 👇
Bookmark it for later
Warren Buffett's advice for investors:
(1) You shouldn't buy on borrowed money.
(2) You should pay off all credit card debt before you buy any securities because you're paying 18% on credit card debt and you're not going to make more than 18% in the market.
(3) If you want to pick stocks, stick with the things that you understand and look at them as businesses.
(4) If you just feel you want to own a part of American business over a period of time, you just put a little money in every month for the next thirty years into some sort of a group of stocks. Maybe an index fund.
Warren Buffett: “If you can detach yourself—temperamentally—from the crowd, you'll get very rich. You don't have to be very bright [either].”
“It doesn't take brains. It takes temperament.”
Bill Ackman on getting through a stressful, and difficult period in your life.
Worth the 2 minutes, I come back to this video anytime I am going through a rough patch in life.
This is the third time I’m posting Harrison Ford’s speech from the Actor’s Award. With every passing day, this speech hits harder & harder. Of all the award tributes, speeches, monologues I’ve ever seen, this is up there. Why? It’s straight from Ford’s heart. He’s an inspiration.
In 1985, Warren Buffett sat down for his most iconic interview ever.
If you want to understand the psychology of wealth, this is 10 minutes of pure gold.
Save this rare footage, you’ll be coming back to it.
The lyrics of this video hits hard.
Take good care of your parents while they are still alive, so that your days may be long on this earth that the Lord your God has given you.
Warren Buffett: "My dad was always very forgiving of my misbehavior. He'd just say, 'I know you can do better.' That was very powerful stuff — because I could do better. I knew it and he knew it. It's nice to have somebody have faith in you."
This 2003 speech at the University of Nebraska is by far one of my favorites from Warren Buffett
You will get more value out of this than from reading 90% of books on investing
Worth listening and re-listening to
Steve Jobs on Failure (1994):
"I've actually always found something to be very true, which is most people don't get those experiences because they never ask.
I've never found anybody that didn't want to help me if I asked them for help. I always call them up.
I called up, this will date me, but I called up Bill Hewlett when I was 12 years old, and he lived in Palo Alto.
His number was still in the phone book. And he answered the phone himself.
He said, yes?
I said, hi, I'm Steve Jobs. I'm 12 years old. I'm a student in high school, and I want to build a frequency counter. And I was wondering if you had any spare parts I could have.
And he laughed, and he gave me the spare parts to build this frequency counter, and he gave me a job that summer in Hewlett-Packard working on the assembly line, putting nuts and bolts together on frequency counters.
He got me a job in the place that built them. And I was in heaven.
And I've never found anyone who said no or hung up the phone When I call, I just ask.
And when people ask me, I try to be as responsive to pay that debt of gratitude back.
Most people never pick up the phone and call. Most people never ask.
And that's what separates sometimes the people that do things from the people that just dream about them.
You've got to act.
And you've got to be willing to fail.
You've got to be willing to crash and burn with people on the phone, with starting a company, with whatever. If you're afraid of failing, you won't get very far.
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