The Best Investment You Can Make Is In Yourself
By far the best investment you can make is in yourself. If you invest in yourself, nobody can take it away from you. If I gave you a car and it'd be the only car you'll get for the rest of your life, you take care of it like you can't believe it and you scratch. You'd fix that moment. You read the owner's manual. You keep a garage and do all these things, and you get exactly one mind and one body in this world, and you can't start taking care of it when you're 50. Just remember that you just got one mind and body to get through life with them. The most important thing is really who you associate with.
You want to associate with people who are better than you are. I mean, basically, you'll go in the direction of the people that you associate with, and you want to have the right heroes. You want people if you want to emulate somebody, you better pick very carefully who you want to emulate and when. Obviously, you can't pick your parents. They're going to have an enormous influence on you. But you don't get a choice on that. But you get choices as you go down the line and you want to copy. And the most important for most people in terms of that decision is their spouse.
It's also important in terms of having a partner in business with a partner in life is the most important. You want to pick a spouse that's better than you are. The biggest mistake people make when investing is they just don't realize that all you have to do is just buy a cross-section of America and then ever listen to people like me or read the papers or do anything. Subsequently, they think that because you can trade, you should trade. You buy a farm, you buy an apartment house, and you can't resell it tomorrow.
Now you get something handed to the liquidity, which is instant. You can sell. And the cost of doing it is pennies compared to other kinds of investment activity. So because they can so easily move around, they do move around, and moving around is not smarter than investing. You have a pretty cool morning routine regarding what you have for breakfast and how prosperous. What is that?
I eat exactly what I like to eat. If somebody offered me a deal when I was 20, I said, you're going to live one year longer. Instead of living to 88, you'll live89, or whatever it may be. If you eat nothing but broccoli and Brussels sprouts and onions and all these things, I just take the last year off. It probably won't be that good anyway. I eat exactly what I like to eat. Is business school worth it? Depends on the person. Much more than it depends on the school. Some people are going to get a lot out of advanced education, and some people are going to get very little.
And I don't even think it's important that every person goes to college at all. We have all kinds of jobs at 70 or so thousand years, 80,000 a year, that college training is not abused. I actually was not keen on going to college myself. Yeah, my dad kind of jolly me into it. He can get me to do anything, but I knew I could have a good time. I liked investing and I could read books. It's a big commitment to take four years and the cost involved and maybe the loans involved and everything. I think depending on what your interests are in life I don't think it's for everybody, I think it's for a lot of people. But there ought to be a reason you're going and I didn't really see much reason. If you get to be 65 or 70 and later and the people that you want to have love you actually do love you, you're a success.
I've never seen anybody that reaches that age. I mean, I'm not talking about somebody that's in extreme poverty or pain or something but never seen anybody that they have a lot of people that love them that is other than happy. And I've seen some very, very wealthy people that give testimonials doing schools after and everything. Nobody loves it. The best investment you can make is in yourself. If you invest in yourself, nobody can take it away from you.
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