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Money Guy Show

Billionaire Warren Buffett's Best Investment Advice! [Summarized]

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 26 March 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

This episode will help you transform your finances using real life advice from a billionaire! Each year, Warren Buffett writes an annual letter to shareholders, reflecting on the past year and commentating on his journey to financial abundance. Once again, 90-year-old Warren drops BOMBS, and he does it with remarkable simplicity! We'll show you the best takeaways from the letter and how to apply each one to your personal finances. For more information, visit: https://www.moneyguy.com/2021/03/billionaire-warren-buffetts-best-investment-advice-summarized/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

billionaire Warren Buffett's best investment advice ever

0:05.7

It's Brian Preston the money guy restoring order to your financial chaos retirement

0:13.0

Investing taxing you got financial questions. He's got financial answers. It's Brian Preston the money guy

0:21.6

Brian, I am super super excited about this show because I'm back

0:25.6

You are back. That's the reason that's what got me super excited. No, I'm so excited because every year

0:31.0

Warren Buffett does this wonderful thing where he says you know what I want to write a couple hundred thousand of my closest friends

0:39.4

You think it's only a hundred thousand couple million of my closest friends

0:44.1

My other shareholders and I want to just kind of tell them my ponderings my thoughts what I'm thinking about what's been going on at the company

0:52.3

Because really we're all partners. We're all co-owners. He doesn't even call them investors

0:56.6

He calls them his partners who own birch our halfway stock and so he drops just this wonderful piece of literature every year that we're able to just read through and I for one

1:07.3

Thought that this year was fantastic. It is interesting me. You know Warren is nanny Charlie Munger his partner is 97 now

1:16.3

I've already told you guys. I'm in my mid 40s

1:19.0

So I'm sentimental about things. I'm like I love

1:23.4

How Warren pontificates every year. That's why we cover this

1:26.4

You know, I know we always release is it right at the end of February

1:31.3

We usually cover it right in in March

1:35.7

It's just it's it's to savor it because I mean

1:38.5

I know these things won't continue forever

1:40.0

So it's pretty awesome to kind of take some life advice figure out how you can apply this to your own personal finances

1:45.6

And then run with it. That's what we've really put together today. We shifted in this

1:49.8

I give bow a lot of credit to this a few years ago

1:52.7

We shifted and we said hey, what can we start taking from

...

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