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The Tai Lopez Show

The 3 Most Important Rules of Investing

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 7 November 2014

⏱️ 26 minutes

🧾️ Download transcript

Summary

Today's book of the day is A Few Lessons for Investors and Managers From Warren Buffett by Peter Bevelin. This is one of the best books on investing I have ever read.Learn more about your ad choices. Visit megaphone.fm/adchoices

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

All right, today's book of the day, a few lessons for investors in management and managers by Warren Buffett

0:06.7

or I should say it's not by Warren, but it's a compilation of his writings.

0:10.7

So, people ask me one of the most common questions I'm compiled like the 30 most common questions I get.

0:16.9

One is, what is the best book on money, finances, business?

0:21.2

You know, what's at one place I can go to and just have a fountain of knowledge, everything you need to know about.

0:26.1

Money, this is the one. Right here.

0:28.5

It's by Peter Bevelin and I just got done.

0:32.6

I did a, for those of you who are in some of the premium stuff I do, the VIP coaching, the inner circle,

0:40.1

the mini MBA business program.

0:43.5

I went through this for about a couple hours and if you're not in that, highly recommend it costs,

0:50.2

depending on the course, but the basic VIP one costs less than a cup.

0:55.0

The average person spends on coffee per month, double down on your own brain, invest in your own brain,

1:00.2

but I want to share a few things. I don't have, you know, that call idea I was on a live call interactive.

1:06.0

You might have been on it if you're in the premium program for like three hours talking with people.

1:10.1

But let me just share a few thoughts.

1:13.3

If you get my book of the day emails, I shared a few of these too.

1:17.1

So, the first rule of making money,

1:23.4

all right, creating true wealth is coming at it from an investor standpoint.

1:29.2

Look at the 440 or 450 self-made billionaires in the world.

1:33.7

The largest category of them is not real estate.

1:37.1

It's not gold. It's not oil. It's not sports. It's not media.

1:42.7

It's not the food industry or hotels or fashion.

...

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