Maven Money Personal Finance Podcast 280 - Warren Buffett - Florida University, 1998
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Feb 23, 2023 This podcast episode features wisdom from Warren Buffett, including his talk at Florida University. It covers topics like long-term profit potential, challenging investing in Japan, the importance of understanding businesses, the impact of the Asian crisis on Coca-Cola, and the importance of having a solid reason to buy a business. It also discusses comparing Procter and Gamble to Coke, McDonald's position in the fast-food industry, and the importance of luck and happiness in career choices.
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Integrity Over Intelligence
- Integrity matters more than intelligence and energy combined in personal success.
- Qualities like honesty and generosity create people others want to associate with long-term.
Long-Term Capital Crisis Call
- Buffett received a call about Long-Term Capital Management's crisis during a family event and a trip.
- He and partners made a bid to rescue it, but the bankers ultimately made the deal.
Choose Jobs You Love
- Take a job you love, not one that just looks good on your resume.
- Loving your work ensures enjoyment and learning, outweighing salary concerns.