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Currently Playing: The 3 Investing Rules That Changed Warren Buffett’s Fortunes

Ask anyone who the world’s best investor is, chances are, they’ll say Warren Buffett. Every move he makes makes headlines. Together with Charlie Munger, he built Berkshire Hathaway, one of the biggest names in the S&P 500. Now that he’s stepped down as CEO, we’ve invited Glen Arnold, who literally wrote the book, in fact, all four books of The Deals of Warren Buffett (https://a.co/d/7slj5Mx). 🤝 Make the most of your money with our financial adviser service - book a free consultation:https://makingmoney.email/financial-advisors-video 🎉 Sponsors TaxZap - Do your personal tax return/self-assessment: https://makingmoney.email/taxzap Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - His First Investment 04:04 - 3 Rules 09:05 - High Reward But Low Risk 12:20 - Taxzap ad 13:35 - Charlie Munger 19:59 - Circle of Competence 25:22 - Vanta ad 26:29 - Diversification 31:05 - His Biggest Mistake? 39:33 - Barrier To Entry 46:00 - Warren Buffett’s Failure 51:31 - A Fragile Ego? 56:56 - How Would He Invest Now? 01:01:09 - Who Is The Greatest Investor?