シャドーイング練習: Warren Buffett's Life Advice Will Change You - One of the Greatest Speeches Ever | Berkshire 2023 - YouTubeで英語スピーキングを学ぶ

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Good afternoon, Mr. Buffett, Mr. Munger.
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Good afternoon, Mr. Buffett, Mr. Munger.
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Could you please advise us on what major mistakes we should learn,
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we should avoid in both investing and in life?
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I would also like to have Mr. Munger's thoughts too, please.
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Thank you very much.
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Charlie said the major mistake you can make,
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then, you know, you're lucky being in the United States.
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Go around the world, you don't have a lot of choices in some places,
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but you should write your obituary and then try and figure out how to to live up to it.
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And that's something you get wiser on as you go along.
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The business mistakes,
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you just want to make sure you don't make any mistakes to take you out of the game
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or come close to taking you out of your game.
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You should never have a night when you're worried about investing.
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I mean, assuming you have any money to invest at all,
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you should spend a little bit less than you earn.
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And you can spend a little bit more than you earn
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and then then you've got debt and the chances are you'll never get out of debt.
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We'll make an exception in terms of of a mortgage on your house.
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But but credit card debt and we're in the credit card business big time
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and we'll stay in the credit card business
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but why get behind the game and if you're effectively paying 12 or 14
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or whatever percent you're paying on a credit card you know
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you're saying i'm going to earn more than 14 percent of money
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and if you can do that come to berkshire hathaway
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so it uh it's it's i hate to say this
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when charlie's around me but it's straight out of ben franklin i mean
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and uh it's not that complicated well i'll give you a couple lessons
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so you know tom murphy the first time i met him
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said two things to me he said you know always tell someone to go to hell tomorrow well
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that was great advice then and think of what great advice it is
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when you sit down at the computer
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and screw your life up forever by telling somebody to go to hell
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or something else in 30 seconds and you can't erase He said,
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you know, you haven't lost the option.
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And he said, you know,
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praise by name, criticize by category.
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Well, what makes more sense than that?
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I mean, who do you like that criticizes you all the time?
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And you don't need to vilify anybody to make your point on subject of discussion.
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And then I'll give you another general piece of advice.
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I've never known anybody that was basically kind that died without friends.
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And I've known plenty of people with money that have died without friends, including their family.
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But I've never known anybody.
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And, you know, I've seen a few people,
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including Tom Murphy, Sr., and maybe Junior,
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who's here, but certainly his dad.
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Hey, I never saw him.
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I watched him for 50 years.
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I never saw him do an unkind act.
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I didn't see him do very many stupid acts either.
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I mean, it wasn't that he was non-discriminating.
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He just decided that there was no reason to do it.
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And wow, what a difference that makes in life.
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Charlie?
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Well, it's so simple.
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to spend less than you earn and invest shrewdly
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and avoid toxic people and toxic activities and try
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and keep learning all your life etc etc
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and do a lot of deferred gratification because you prefer life
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that way and if you do all those things you are almost certain to succeed And if you don't,
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you're going to need a lot of luck.
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A lot of luck.
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And you don't want to need a lot of luck.
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You want to go into a game where you're very likely to win without having any unusual luck.
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I'd add one more thought to it.
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You need to know how people can manipulate other people,
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and you need to resist the temptation to do it yourself.
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Oh, yes the the toxic people who are trying to fool you
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or lie to you who aren't reliable meeting their commitments a
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great lesson of life is get the hell out of your life yep and do it fast do it fast
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And I would add, Charlie would totally agree with me,
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do it tactfully if possible too,
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but do get them out of your life.
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Yes, I don't mind a little tact,
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or even a little financial cost,
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but the question is getting them a hell out of the lot.
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you

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