Cash is going to become worth less over time, but good businesses are going to become worth more over time.

And you don't want to pay too much for them, so you have to have some discipline about what you pay.

But the thing to do is find a good business and stick with it.

Hey, podcast listener.

Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds,

you are joined by thousands of entrepreneurs from all around the globe seeking to grow better,

more profitable, location independent businesses.

If you'd like to learn more about what we do and download our entire back catalog,

check out tropical MBA.com.

Thank you. back catalog, check out tropical MBA.com. Today we're going to talk about someone who I think it's fair to say is a legend in the

world of business and in the 20th century in general, someone who was for a very long time,

the richest person in the world. I mean, I knew this person was influential, but I didn't

exactly know why or what they did. That person is the legendary investor, Warren Buffett,

who's now in his mid-80s. Ian and I recently read Alice Schroeder's

excellent biography of Warren Buffett and found it really interesting. We were discussing it

personally, so I thought we'd do a pod on it. In this episode, we're going to pick a few points

that spoke to us and discuss them a bit. We'd love to hear your thoughts as well. If you haven't read the book

yet and want to, we'll link to it and other resources in our show notes at tropicalmba.com

slash Buffett. At that post, you'll also find links to the annual letters that Buffett wrote to

his shareholders at Berkshire Hathaway, which was the name of his investing company.

But one of the really interesting things that Warren Buffett does is write these annual letters.

And they explain everything that the company is doing.

...