Best of MFM: Listen To This Before You Invest Another Dollar

0:00How would I take 10k and turn it into a million?

0:02SoCa twenty twenty-five, you cannot go into the S and P.

0:04The S P is overheated.

0:06So what I would do is I would treat Berkshire Hathaway as the index.

0:10If you bought the S P when the PE ratio was twenty three, your annualized return over the next ten years was between two and minus two.

0:17That's all you have to know.

0:18Buffett's made at least four hundred investment decisions.

0:21He's saying 12 are the ones that matter.

0:23The god of investing has a 4% hit rate.

0:27Investing is an infinite game.

0:28You don't really win all news.

0:30The players just decided to drop out.

0:31Don't be such a freaking idiot.

0:33The riskiest thing in the world is the belief that there's no risk.

0:36When the time comes to buy, you won't want to.

0:38If I said, what's the number one trait that makes a great investor?

0:42What comes to mind?

0:46I feel like I can rule the world.

0:48I know I could be what I want to.

0:51I put my all in it like my days off.

0:53On the road, let's travel.