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Warren Buffett is one of the greatest investors who ever lived. I think we all know that. I don't need to introduce him. So I'm not going to sit here, like I do in most of my analysis videos, and tell you what Warren Buffett did right and what he didn't do right. Because, let 's be honest, I'm not going to teach you anything about money that Warren Buffett doesn't already know.
But this is what I see all the time . Someone watches a few clips of Buffett, reads a couple of his quotes , and then decides: " Okay, I'm going to invest like Warren Buffett." And for most people, this decision becomes one of the most expensive they ever make. And it's not because Warren Buffett is wrong.
Because the reality is this: Warren Buffett is Warren Buffett, and you, unfortunately or fortunately, are not. So in this video, I want to show you what really made Warren Buffett's fortune, because it's not what most people think. And then I want to show you why trying to copy Warren Buffett is probably more dangerous than you think.
And I will also show you what you should build instead. So let's begin. So, before we get to the point, let me give Buffett his due, because he certainly deserves it with every action he takes. Frankly, Warren Buffett is just an alien. He bought his first share when he was 11 years old. He studied under Benjamin Graham, the man who essentially invented value investing.
And then , in 1965, he took control of a failing textile company called Berkshire Hathaway and turned it into one of the most valuable companies on the planet. So, here's the number that matters. For almost 60 years, Berkshire has shown a return of about 20% per year thanks to compound interest. The stock market has performed about 10% over the same period.
This may not seem like a big gap until you let it run for 60 years. And if you understand what it is and how it works, you will realize that the difference between a comfortable retirement and some of the greatest fortunes in human history lies precisely in this 10% . It amazes me that Warren Buffett still lives in the same house in Omaha that he bought in 1958.
He gave away tens of billions of dollars. Every year he spends an hour answering questions from shareholders . He is a genius and a worthy man, and I have nothing but deep respect for him . That's the recognition I have to give him. Now let me show you something that most people miss. You see, most people think that Warren Buffett got rich by investing in the stock market.
This is not true. At least not in the way you and I usually think . You see, Warren Buffett got rich by buying businesses—entire companies, or at least a large enough stake in them to have a say in management. See's Candies, if you've ever heard of them. GEICO, railroad, Dairy Queen. And he didn't buy them because the graphics looked attractive .
He bought them because he understood their value better than the person who was actually selling them. This is where value investing comes in . And here's the part that almost no one talks about. The driving force behind all of this is insurance. Like GEICO, Berkshire owns insurance companies, and insurance companies collect premiums today and pay claims later.
Meanwhile, a huge reserve of money is being built up, and Buffett can invest it. He calls it the “float,” and for decades this reserve has amounted to over a hundred billion dollars of other people’s money that he can put into circulation. Now think about what that means. He invests capital that costs him almost nothing , on a scale unattainable for you and me .
And he has the ability to do it. He invests in companies that he can really influence. So when someone says, “I’m going to invest like Buffett,” what they’re really going to do is open a brokerage account and buy some stocks. This is not at all what Warren Buffett does. This is not even close . OK. So, these are the mechanics of the process, but there is also a second level.
And, honestly, that's what worries me the most. You see, Buffett said that he spends most of his day reading. Five or six hours a day, sitting in an office in Omaha, reading annual reports for 60 years. He said that the market is a tool for transferring money from the impatient to the patient, and he really believes so.
He can sit on a pile of cash for years, waiting for the right deal. He will keep you company forever. When everyone is panicking, he buys, and when everyone is excited, he is calm. Now I want you to be honest with yourself for a second. Is this about you? Are you like that ? Is this your nature? Because for most people, no.
And I don't mean to offend you. I mean the special temperament it takes to do what Warren Buffett does. That level of patience, that detachment, that appetite for reading financial reports all day long— it's not a skill you can learn from a YouTube video. This is your essence. This is your calling. This is who Warren Buffett is at his core, in every cell of his being.
Buffett didn't just find a strategy. He found exactly what he was made for and did it every day for 70 years, and he loved it. That's the real secret, and it's something you and I can't copy. And here's the thing. Buffett knows this. He himself said this more than once. His advice to most people, including the instructions he left to his own family, is not to do as he did, but to put your money in a low-cost index fund and leave it alone.
He even publicly argued with a group of professional hedge fund managers about this very issue, and won the bet. So, the man on top of the mountain tells you not to climb the mountain his way. And I think that should tell you something. So let me tell you what I see, because I talk to people about their money every day .
I see people trying to be Warren Buffett. They read books, watch interviews, pick stocks, hold them during dips they don't understand, and wait for a "bottom" that never comes. And all this time they are unhappy, because this is not at all what they are inclined to do. And this is what actually happened to them .
They lost money, of course. This is quite understandable in such a situation. But the greater cost was years, years of attention devoted to what they were never designed to do, instead of focusing on what they were truly designed to do. And this is what I want you to hear. When you copy someone else's model, you don't just get worse results.
You are wasting years that could be spent developing your own path. You see, I was lucky. As for me, I've had some personal struggles, but one of the lessons I learned the hard way did n't come from a bad investment. He came from working in a business that didn't suit me . And I think, unfortunately, that's human nature.
I had to get a good kick, lose money, ruin relationships, suffer in circumstances that were very painful, but it taught me quite a lesson, right? I learned a lot in those processes. And I firmly believe that sometimes we have to go through difficulties in order to learn from our own experiences. But I will say this: when you do it just through investing, rather than creating something yourself, it can take more time.
This brings me to an idea that underlies everything I teach, and I call it coherence. You see, everything I teach boils down to a simple formula: clarity plus coherence equals the life you desire. And for me, clarity is understanding how you are really made , how you are designed. Not who you would like to be, but who you really are.
What comes naturally to you? What brings you pleasure? What inspires you? And when it comes to money, I call it your investment design, because everyone is different, and not everyone builds wealth the same way. What works for me may not work for you . What works for you may not work for your sibling or parents.
So, if money is just a tool for creating the life we desire, why should we use it the same way? Some people are made to start businesses. Some people are made to create something new. Some people are made to master crafts and get paid for it. Some people, like Warren Buffett, are built to build, own, and take care of things for the long haul.
It is important to realize that neither of these paths is better than the other, they simply create wealth in completely different ways. A person created for creativity will make money by creating what people need. A person created for business will create their capital by solving problems and forming teams, like a true entrepreneur.
And if any of them tried to sit in an office and read annual reports like Buffett for 6 hours a day for 60 years, they would go bankrupt and be miserable. Or even if they did, they would still be unhappy . Not because they are not smart enough, but because it is not their design. Buffett is an extreme version of one particular design.
He may even be the greatest example in history, and that is why he should not be a template. He is an example of what happens when a person finds their design and never strays from it. They dive into it and just believe in it with everything they have. And in my opinion, this is the real lesson. And not buy what Buffett buys.
The lesson is to find what you were made for and then commit yourself fully to it for the long haul. That's what he actually did. The best investment you can make is an investment in yourself. The best investment Buffett ever made was in himself, because every other profit he ever made in his life was based on an investment in himself.
Now, if you're sitting here thinking, " Okay, but I don't know what my purpose is." Okay, that's why I created humanwealthdesign.com. It's free, takes just a few minutes, and it will show you your unique wealth design so you can stop building someone else's plan and start aligning your money with your values, beliefs, gifts, skills, abilities , qualities, and using money as a tool.
So, let's talk about consistency, because clarity by itself doesn't really build anything. It's all about consistency, right ? Consistency is the purposeful structuring of your money around your design. Clarity plus consistency equals the life you desire. Well, you need to decide on the life you want and then align your money accordingly.
If you are made to own and manage, then yes, patient, long-term ownership may be your path. But if you are made to create or build, like me, then money should be used to start and fund these businesses, right? To give you the space to create things, protect you during that process, and turn what you build into assets that will provide you with income for a lifetime.
And listen, I'm not telling you to stay out of the market either. I think it's important to understand that I'm not the guy who's going to tell you what to do. Buffett himself says that most people should own a portion of the market, right? Simple and cheap. That's all. He says you should put them there and leave them alone.
That's good. This in itself is a tool. I tell you, the market is not where most people's wealth will come from. You don't necessarily create wealth just by investing it in the market, for most people. For most people, wealth comes from doing what they were created to do, doing it well over a long period of time with money structured to support that cause.
That's what Buffett did, and it just so happened that his job was to buy companies. Think about it this way: if Elon Musk tried to build a fortune the way Buffett did, he would fail. So, let me summarize. Warren Buffett created one of the greatest fortunes in history not by investing in the market the way you were told, but by buying businesses he understood, with capital most people would never have access to, and with character most people would never have.
And he did it , doing the one thing he was created to do, every day for 70 years straight. Respect him, learn from him, but don't try to be him, because unfortunately, you won't be able to. And the most dangerous thing you can do with your money is to build someone else's life with it , even if that someone is Warren Buffett.
So find your path, get your finances in order with it , and then do what he did: stay in your lane long enough for it to bear fruit. We always talk about compound interest in relation to money, but very rarely do we talk about developing ourselves. So I have a question for you, and if you can, please write the answer in the comments.
If you stopped trying to invest like someone else, what were you really created to build? Find out this. Link below. I'll post it in the comments section. I will pin it in the top comments, and it will also be in the description. If this was helpful to you, please like, share, and spread the word. If you haven't already , subscribe and click the bell.
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