Most People Are Chasing the Wrong Number
My First Million episode 787 in which Sam Parr and Shaan Puri talk with author Morgan Housel about the art of spending money. The conversation opens with Warren Buffett, where Morgan says the key lesson for ordinary people is that Buffett was a good investor for 80 years, and that 99% of his net worth came after his 60th birthday. He says Buffett's edge included patience and the trust of investors and sellers who knew Berkshire would not strip their businesses. The chapters in the description go on to cover not cutting your flowers, two ways to use money, the freedom number, the Koch brothers story, performing for others, the Total Man list, the art of spending money and ten years of money wisdom in 60 seconds. Sponsors named in the description: HubSpot, Somewhere, Mercury and Beehiiv. PARTIAL COVERAGE: this summary leans on the opening Buffett segment of the captions and on the chapter list, so later segments are listed by title only. All views are the speakers' own and are not independently checked. Nothing here is financial, investment, legal or medical advice.
Executive Summary (TL;DR)
My First Million episode 787 in which Sam Parr and Shaan Puri talk with author Morgan Housel about the art of spending money. The conversation opens with Warren Buffett, where Morgan says the key lesson for ordinary people is that Buffett was a good investor for 80 years, and that 99% of his net worth came after his 60th birthday. He says Buffett's edge included patience and the trust of investors and sellers who knew Berkshire would not strip their businesses. The chapters in the description go on to cover not cutting your flowers, two ways to use money, the freedom number, the Koch brothers story, performing for others, the Total Man list, the art of spending money and ten years of money wisdom in 60 seconds. Sponsors named in the description: HubSpot, Somewhere, Mercury and Beehiiv. PARTIAL COVERAGE: this summary leans on the opening Buffett segment of the captions and on the chapter list, so later segments are listed by title only. All views are the speakers' own and are not independently checked. Nothing here is financial, investment, legal or medical advice.