Warren Buffett's Advice for Young People Who Want to Be Rich
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- Опубликовано: 10 сен 2024
- Warren Buffett, CEO of Berkshire Hathaway, is without question the best value investor in the world. So what's his advice for young people that want to get ahead? In this video Buffett explains how beginners should get started in the stock market, how to invest while keeping a cool head, and how to invest within your own circle of competence.
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DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
Currently, my primary worry is how to increase revenue during periods of quantitative easing. I cannot afford to witness my savings dwindle away.
@@user-3456rtu How do I Meet this Lady?
@@user-3456rtu Thanks for the info, i found her website and sent a message hopefully she replies soon.
" But invest you must "....In the short run the trade markets can be an esque of the casinos but in long term investments it is a cash flow machine
Initially I considered black jack and lottery the best ways of making new money only cause I thought you needed MBAs to earn off Wallstreet lol😂, well not until I discovered Elon Musk some years back. Today I am a big beneficiary of stocks and I can assert that it can be profitable to anyone too
Not only is the market remunerative, it is very labyrinthine as well and that's the reason why so many rookie traders like me get discouraged from giving it a shot.
I am properly diversified in various investment paths including NTFS making me huge potentials. Now that my portfolio's even bigger I know how lucrative the markets can be, the time and efforts are indeed worth it
@@JustMemesNStocks You said "trader". That's your first mistake. You get better results when investing, not trading.
@Adams..I swear you got my full attention in terms of incomes 🤑, I am not gonna lie both the equity and shares markets have a larger amount losing rather than profiting, can I ask your secret to earning ?
Great investing lessons by Warren Buffet. I think emotion is the biggest key in investing. The sooner you learn to limit your emotions, the better investor you will be.
Thanks for your feedback I will advice you to start investing especially on bitcoins and stocks I will refer you to my financial guru to assist you ####******^^
14:03 for the advice. Don't waste time lads. Good luck.
Thanks
Thanks
Goated comment
''it's a terrible mistake to think you have to have an opinion on everything''
- Warren Buffet
true specific to finance, but True aswell for life in general.
Thanks for your feedback I will advice you to start investing especially on bitcoins and stocks I will refer you to my financial guru to assist you ####****^^
Division of labor, something which leftists/marxists will never be able to understand.
Thanks Brandon. After reading those 3 books, I would recommend them to others in that order as well.
10,000$ when Buffet was 21 is equivalent to over 100,000$ in 2021 (inflation baby)
exactly
yeah but $10,000 now bill be also $100,000 in 60 years due to inflation so yeah just save them $10,000 and invest
@@mihaeljakimovski7271 you still won't be able to invest as much as he did with your 10k
@@mihaeljakimovski7271 Difference is, in 1950 that 10,000 was worth 3 houses. Today you might be able to buy a few stocks.
Brandon, an early congrats on 400k subscribers man. I am literally smiling as I type this. Keep up the good work man! 1 million is coming!!!!
Omg I literally just found this message haha. Now I feel bad that I never responded. Thank you man! And congrats to yourself on just hitting the 200k
Most of his advice is in the book The Intelligent Investor, by Benjamin Graham. Buffet wrote an intro to it and recommends it as the best investing book (it is).
He does have a photographic memory and is very smart, but he is very down to earth, doesn’t stress about things, even buffett has made bad trades, but like he says you just have to make a few more good trades than bad to be successful
I have photographic memory and i am very intelligent and have the same characteristics as that man. I will become the next great thing, just wait on it.
@@drippyd8131 No you dont, you have xd in your name
I'd rather have 48 million dollars at the age of 52 than 100 billion at age of 91.
he had 480 million at 52
I'd rather be 23 years old with 100$ in my bank account
@@marcor5886 why
@@eggustlol7417 I'd go back in time when I was younger, fearless, happier
@@marcor5886 oh
Dear lovely person, if you are reading this, keep going. You will succeed! I believe in you!
Have a great day! Love - Nat ❤️
This video is SOLID GOLD for savers and investors in their 20s. I'm a 32 year old who learned this the hard way.
wow amazing
i’m 18 and i feel late
Eym
@@talechene you're not
@@talechene I'm 22 and I'm older than you
I find it strange that “The intelligent investor” or “Security Analysis” are not included in the recommended books. Buffett’s core investment strategy is based on Graham’s (and Dodd) after all.
The two are very hard to read and focus on a very different market. If you already read "The Intelligent Investor" you know that in most of the book, Graham analysis companies that don't exist anymore and talks about metrics that don't make more sense - like only buy companies sold above the patrimonial value. Reading this book without a solid basis on investment is very hard, also adds little to a pratic understanding of how to invest (despite the ideas about investment philosophy still being excellent). About "Security Analysis" I never read, but I always heard that it is a more complex version of Intelligent Investor
4:55
1 I like investing
2 I like spending money in stock market
Honest feedback PLEASE READ:
You are making the same video rendering mistake as tons of other youtubers and it needs fixing: Never ever render a video with black bars encoded in the video itself. Your video has black bars at the top and bottom which actually makes it look normal when you view it on YOUR screen. HOWEVER for any viewer who's screen is wider than yours this will result in black bars on all four sides which is jarring and looks unprofessional. Way too many make this mistake when rendering video and fail to notice it because they only view the video on their own monitor.
The fix is simple: if you want a wider aspect ratio don't add black bars but actually cut that part off and render in a wider aspect ratio with no black bars anywhere. This will then work properly on any screen.
No one cares.
@@oggyoggy1299 Not really, I think he'd be happy to improve quality by a lot with a fix that simple.
Erm much more important is the video content, not how it looks on a widescreen. Sounds like you are a superficial person.
@@MasterChiefSpartan Sounds like you are a fanboy who can't accept criticism which is not even directed at you.
who asked :/
Holding long term is easier said than done. You have to practically work against the very nature of your mind.
its good mental training, it shakes out weak hands. Stay the course
@@shun2240 yeah it really shakes out weak hands
10k when he was 21 is around 110k in today's money lmao
think more than it, In 1940, the median home value in the U.S. was just $2,938.and stock did better than real estate in the past one hundreds years
@@jianquanma I checked his age and he would have been 21 in 1951, the first inflation calculator I found says 10k would be worth 106k in today's money
Wealth goes with time. In as much as you are doing the right thing building wealth, it only increases with age, that's how he did it man. Anybody doing the right thing can equally do it even better... Get the platform right first.
Nice one👍👍👍
When going to Amazon for RULE 1. Amazon directly recommends the 3 books...
Step 1: Don't be poor.
Step 2: Profit.
I look for opportunities in emerging markets mostly...that's where the true "gold" is -)
The MKBHD shirt is sick! And I think the first point is the most important thing, have enough money to start, so you need to save up first.
7:36 Disagree! What's a good stock for me is also a good stock for you as long as it is profitable. I do not understand why these financial gurus are so against this? Everyone trades/invests in the stock market to earn money so what's wrong in asking people about stock picks? Someone might have insider knowledge or might be really good at technical analysis or maybe they can see the future?
You must understand why: If you are asking a professional trader/investor which stock you should buy, you are being DEPENDENT on his advices/beliefs. Of course if that professional is good and right about the stocks he tells you, you'll make money. But let's imagine that tomorrow that good professional vanishes, most probably you'll blow out your portfolio, that's why it is more important and valuable to ask that professional to teach you HOW to THINK and then ADAPT his lessons to YOUR style. Actually there is a real life example and it is called The Turtle Experiment.
Because it's a pleasure to have a conversation topic.
By the sounds of it I should invest in the companies that write or animate new release anime’s. So many banging anime’s have come out over the last 4 years, I expect many more will come.
Don’t limit yourself, there are way better markets to invest in
Long story short.
You don't need to be super intelligent to investing. Just have a proper knowledge.
📈🚀QNT, ACH, ADA, VET, LINK, XRP, XLM, SOL, SHIB🚀📈
Great video! Well done! (fyi, the person who catches the pitch in baseball is called the Catcher, not keeper, but I can totally see why you'd think that)
This stuff will for sure get you rich! I do believe you don’t have to have rich parents though! You can start from 0!
man I love your videos. they are well thought out and clear. love it man. this is the 3rd one today.
DONT NEED MONEY WHEN YOU'RE 90, JUST INVEST A LITTLE FOR A COMFORTABLE RETIREMENT AND THEN ENJOY YOUR FUCKING LIFE.
3 books are recommended:
1. rule #
2. the dhandho investor
3. One up on Wall Street
This advice is great, but that $10k in 1950 that Buffet started with would be starting with $100k now. Not saying the advice isn’t great just saying the starting point for most people will be vastly different.
Yeah this was bugging me too
If this is bugging you or think “ that’s impossible today” your not asking yourself the right questions, it’s all about mindset, there are only 2 options , find a way to make extra money or reduce expenses , then focus on achieving those specific goals, this was said to me many times by self made millionaires , which all started from nothing
@@princediesel1 Very few 21 year olds will be able to earn and save this much, the same today as a it was in 1950, especially not if you are also doing college.
It is not impossible, but I would say that it would require most people to drop out of school at 16 and then save all the money they earn for the next 5 years.
So start with $10,000 then.
@@oggyoggy1299 10k is gonna be nothing in the next few years for 21yrs..
Isn’t that t-shirt from MKBHD
Quality 👌🏾 ✨. Great vid.
The graph on the thumbnail is quite misleading with the ages not being spaced out evenly
I assume many of us diversify in several investments paths, as daily active stocks trading with high beta, passive in long term some etfs and reits with monthly dividends
That’s very good….👏🏽
With the MKBHD merch! I love it
Subscribed and liked. Thank you very much for sharing this.
Pretty good if I may say so myself
Many people will panic to find a charger before their phone dies, but won’t panic to find a plan before their dream dies
10,000$ in warrens time would have been a little over 116,000$ at 21. Don’t get discouraged. If you’re young time Is on your side !
whats my strategy? Make the most amount of money in the shortest amount of time.. Sounds good?
Yeah as long as you invest in the right platform… the platform I invested in made me thousands in weeks it wasn’t easy at first but I’ll gladly take you through… let me know if you’re interested
Everyone say about investing, but how to learn about investing is not easy task.
genuine question. Is this channel geared for all or just your age group ?
Always a good idea to get advice from a Legend and in the investing world Buffet is a Legend. Great Content, have a Happy Halloween.
Thanks for your feedback I will advice you to start investing especially on bitcoins and stocks I will refer you to my financial guru to assist you ####*****^^^
I’m a bit confused as to why asking for a stock pick is a bad question. Wouldn’t most people want to buy in at a good price into an asset that is likely to grow over the long term that you could hold or DCA out of when necessary?
To clarify, I just mean the average person asking someone who has done the research for a undervalued long term stock for a pick - not the day trader, timing the exact top and bottom crowd.
@David Russell If you ask someone whats car you should buy, the person can say they choose, but probably that doesn't reflect your preferences. If you buy a stock that you don't know about because someone else knows that's a good business, you will do not understand the advantages and problems around this business and will be incapable of interpreting the events that happen in the company
@@DavidRussellM watch the Peter Lynch speach where he used Kaiser Industry as an example. He bought the shares at $15 when he thought it's undervalued. It then went to $12 then $10. He then called his mum and said you should buy these, so undervalued. If you followed his tip and bought the shares, without understanding the rationale, would you still hold when the price dropped to $8 then $5? You would cursed Peter Lynch for losing half of your money in months.
input subtitle please 🙂
Imagine..all human around the world is rich.that was amazing
he was GIVEN 10k in 1950...This is 115K today!!!! HE WAS GIVEN 115K!!!! AT 20 years old
WHY IS THERE NO SUBTITLES ?
Bro give captions we are from India.
Will try and add this in the future!
Elon and Buffet are my inspiration
I couldn’t agree more!
I just realized the logo of your shirt man hahah
Very good info...Thanks
Buy QQQ or SPY and hold for your entire life
I love this! I always preach the same thing! I like VOO too!
dont know why this video has so less views probably this video is one in a million video and those lucky people who watched this are surely gonna be millionaires
Your videos are gold.
Mkbhd!
REPENT FOR THE KINGDOM OF HEAVEN IS AT HAND TURN FROM SIN AND TURN TOWARDS RIGHTEOUSNESS THROUGH CHRIST JESUS
JESUS CHRIST IS COMING BACK SOON AND WE MUST BE READY FOR WHEN HE COMES BACK
Good content💡🧐📝🙏🏿
Always love any clips from the Oracle of Omaha! Appreciate the down to earth long term investment lessons Brandon, much more valuable than get rich quick infomercials and pyramid schemes :)
Thanks for your feedback I will advice you to start investing especially on bitcoins and stocks I will refer you to my financial guru to assist you ####********^^^^
It's should be, get a father who is a congressman and perform arbitrage deals in the 70s that don't exist anymore
Wait am i the only who first when he saw this guy was like “MARK ZUCKERBERG”🤭
Let’s go Brandon!
First advice is at 2:04, you'll need help from your rich parents, and if he hadn't been able to do that he wouldn't be as rich as he is.
I don’t think you need help from rich parents! I believe you can start from 0 all you need is financial education!
Oi whats the link to that q&a with Buffet?
I'm having hard time understanding those baseball (or whatever) metaphors, a simple English explainer would be great
Well.. it might sound ironic..
But in your case - higher IQ definitely won't hurt 😏👌
Hi! Perhaps I can clear that up a little bit. I believe he is trying to say that you only need to make a few great investments to make enormous gains; just like how a batter waits for the perfect pitch to make a home run. The part where he is talking about waiting for the perfect pitch (or throw) is the equivalent of waiting for the perfect moment to buy a stock. And when you see the pitch coming to you, you swing as hard as you can at it. Or in investing, invest as much money as you can. "When it starts pouring gold reach for a bucket, not a thimble."
@@pavelt5732 you know that not everyone watching these videos lives in the US and knows your boring sport of baseball
Too much annoying sponsorship, otherwise interesting content.
Every one here wants to be as rich as Buffet but no one wants to listen at Buffet. Its most likely you wont beat the market unless you at the same level as Buffet , which you are not. So why do keep investing in stocks? Buy a part of America like Buffet says and put your money in S&P500. Its all about time in market not timing the market!!!!!!!
To swing hard you need lot of cash but cash is loosing value by the second right now due to over inflation and printing. We are in a confusing time to invest. So dollar cost averaging into etfs for me
Dude, do you trade?
@@cadmanchannel7311 who is asking
Is 'New Money' a new name? good shout, from memory the old name was ordinary.
Yeah, it is. It was ‘Aussie Wealth Creation’ or something of the like
MKBHD THE GOAT
9:30
Subs wellcome
10k in 1949 in todays dollar is worth 116k… how tf are we supposed to get that much money
4:04
I would consider making a terrible call and betting all of your money on a penny stock only to watch it go bankrupt a strike out.
thats a weird way to say insider trading
Stay away from credit cards, he said it, but you failed to mention it.
Im really excited for META, the new Facebook company name and their stock, to me thats a stock that will 2x over time as they continue to innovate.
Shiba coin 🚀🚀🚀🚀🚀🚀
🤣🤣🤣
Stop all the high roller spending,extra wealth sock it away into decent long life company's who have preferred shares and debentures and here is the kicker!! Leave it invested for 40
Years.here is the second kicker.DO NOT TOUCH!!!!.repeat after me for 40 years DO NOT TOUCH.then you just might ,I say might be the few who retire on comfort and get to do as you please
In retirement
I feel I'm quite familiar with Buffet's tips.. the only thing that's still missing is how to value a business
This area might have changed a lot since the 2008 crisis. There’s so much money floating around with all-time low interest rates that the typical valuation could’ve changed enormously
Only 20% a year? Man I trade and I’m averaging 23,000% a year. Trading is easy asf why would you want to invest 😂
£10k in 1950 when Warren was 20 is equivalent to £351k today lol so he was rich to start with so good luck saving your first £350k at 20 years old today lol
Yea let's just give up lol. Start with 10k then
Youre just not gonna try then?
@@herbythechef7624 I’m doing just fine was just making the point it wasn’t just 10k
Yeah but Buffet had US dollars not pounds, so that 10k is equal to about 114k today. Still a lot, but not quite as extreme.
He worked for it
He threw darts at a dart board and the market went up, there ya go.
I’d like to see some original videos come from this channel. Don’t get me wrong, I’m a fan and this channel was helpful when I was just starting out in the investment world, but it feels like you’ve run out of anything worth making a video about. It’s just repetitive breakdowns of the same few Warren Buffet/other super investor interviews.
Please stop using “Warren Buffet” in your titles to try and legitimise your content.
warren buffet goat!
Do you own shares of Facebook?
Great video mate. Thanks
liitle note: 10000 WB started investing when he graduated is like 200000 of today
With less than $1.000 you can buy today an iPhone that gives you a power that $200.000 will never have on Buffett's time, so the aggregate value of $10.000 probably is much higher now than then
It's funny how forever never seems to last ! =[
Thanks for your feedback I will advice you to start investing especially on bitcoins and stocks I will refer you to my financial guru to assist you ####^^^^^^*****
350K by age 21, in today’s money? Sheesh...
wont work for me . how the fuk im gonna change Xmass or something big in order to keep the stairs up ...
Hey Brandon... love this kind of videos, keep it up... are you still planning to organize a video/talk with Phil Town? That'd be great
The internet has created more impact in our life, financially, socially and otherwise, for the betterment of our lives.
I don’t want to be rich in my 50s lol
Shit time to be an Ozzy
This is coal Don’t be afraid, don’t be scared.
why?
@@MichaelSamerski police state, no free speech, no bodily integrity because of as good as forced vaccinations, big steps to social credit system qr code society.
@@pierre1050 My family's been in Australia since 1850s and I disagree. We are fine here. There are no forced vaccinations, no social credit system, and police only if you do something really stupid. Don't know where you get your information from.
@@yiannimitropoulos3913 You know the term. First they come for them and then they come for you. I certainly hope not but when you are good doesn't mean all else is generally good.