You need to be humble enough to look at yourself, look at the state of the world, and acknowledge your mistakes, then take steps to prevent the same problems from happening ever again
0:56 I Have Had Great Diffculty Enabling My Children To Know What I Know 1:27 Never Reinvent The Wheel 2:00 Generally Speaking We Always Get A Group Of Wise Man After Sifting Through Millions 2:57 Incredible Resistance To Thinking And Change 3:06 Bertrand Russell Most Man Would Rather Die Than Think Many Have 3:48 People Don't Want To Do It Differently Than They Are Presently Doing It 4:31 Lock On Some Real Estate That Protected Her From Competition 5:08 Habits Way Of Thinking Rose Bumkin
It seems he is referring to the creator of Nebraska Furniture Mart. This makes sense, by the way...since Mr. Buffet and Mr. Munger are both Nebraskan born-and-raised (and live in Nebraska). Actually...I am not as certain about Mr. Munger. BUT Warren Buffet, for sure, is all Nebraskan!
Another gem from Warren: WHY do some businesses succeed extraordinarily like Mrs B's NFM? This is worth studying and Warren's focus on it has brought him extraordinary success.
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You need to be humble enough to look at yourself, look at the state of the world, and acknowledge your mistakes, then take steps to prevent the same problems from happening ever again
0:56 I Have Had Great Diffculty Enabling My Children To Know What I Know
1:27 Never Reinvent The Wheel
2:00 Generally Speaking We Always Get A Group Of Wise Man After Sifting Through Millions
2:57 Incredible Resistance To Thinking And Change
3:06 Bertrand Russell Most Man Would Rather Die Than Think Many Have
3:48 People Don't Want To Do It Differently Than They Are Presently Doing It
4:31 Lock On Some Real Estate That Protected Her From Competition
5:08 Habits Way Of Thinking Rose Bumkin
Great humility. I love the Bertrand quote "most men would rather die than think"
Interesting
And many have, of course.
What an invaluable video which no one will watch.
32k views....
Buffett has no doubt used his popularity from wealth to spread wisdom and general life advice. One of his greatest contributions.
I love how Charlie takes the bullet for Warren in trying to answer the english impared question asker. 0:55
3:55 anyone know who he was referring to when he said Mrs.B?
It seems he is referring to the creator of Nebraska Furniture Mart. This makes sense, by the way...since Mr. Buffet and Mr. Munger are both Nebraskan born-and-raised (and live in Nebraska).
Actually...I am not as certain about Mr. Munger. BUT Warren Buffet, for sure, is all Nebraskan!
I’m dead! The first guy threw his kids right under the bus 😂😂😂😂😂
apprenticeship in Brokeshire :D :D
1:52
How does Munger see through those Coke bottles?
Speculating is more fun, but less fruitful
Who is Mrs.B, Buffet is reffering to?
Rose Blumkin, the founder of Nebraska Furniture Mart
@@nikolasn1043 Thanks mate
Rose Bumkin....Nebraska Furniture Mart.
@@candyfloss184 next somebody will be saying rose pumpkin hehe
@@Piikaachuu1203 pumpkin pie 🥧
Another gem from Warren: WHY do some businesses succeed extraordinarily like Mrs B's NFM? This is worth studying and Warren's focus on it has brought him extraordinary success.
True
3:55