Warren Buffett Reveals the Worst Thing To Do with Your Money

✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/th... ✎ Warren Buffett is back with more timeless wisdom on success, investing, and life. In this second volume of his top 10 rules, Buffett shares why defining your circle of competence is the key to smart investing and why emotional stability matters more than IQ. He reflects on his biggest investing mistakes—not the ones where he lost money, but the ones where he missed billion-dollar opportunities because he hesitated. From owning the brush to painting on an unlimited canvas, Buffett explains how he's built a life and career by doing what he loves and avoiding the distractions of short-term market pressures. In this insightful talk, Buffett discusses the importance of surrounding yourself with people who bring out the best in you, especially when choosing a spouse. He breaks down why smart people often make dumb financial mistakes, referencing the collapse of Long-Term Capital Management, a hedge fund run by some of the most brilliant minds in finance. Buffett reminds us that risking what you need for what you want is a foolish game, no matter how high the odds of success. He also shares his straightforward approach to business: invest in what you understand, think for yourself, and never let emotions drive your decisions. Beyond investing, Buffett emphasizes the power of lifelong learning and communication skills. He credits a $100 Dale Carnegie course for improving his ability to speak in public—a skill he believes is more valuable than a college degree. He encourages young people to avoid sleepwalking through life and instead find work they truly love. His advice is simple but powerful: develop good habits, be rational, and always be learning. What lesson from Warren Buffett resonates most with you? Share in the comments and keep pushing forward! ★★★ JOIN ME LIVE ★★★ • I go live every week. Join me & ask your questions: http://evancarmichael.live/ • or You can ask your question in our Discord: http://evancarmichael.biz ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • The REAL KEY to Finding Massive SUCCESS in Business! | Warren Buffett | #Entspresso - The REAL KEY to Finding Massive SUCCESS in... • What to Do IF You Want a SUCCESSFUL 9-to-5 CAREER! | Warren Buffett | #Entspresso - What to Do IF You Want a SUCCESSFUL 9-to-5... • Only 5% of People ACTUALLY Understand THIS About Success | Warren Buffett | #Entspresso - Only 5% of People ACTUALLY Understand THIS... ✔ SOURCES ✔ Bill Gates + Warren Buffett + Charlie Rose... DMarcoTheBeast Buffett & Gates on Success Remotely Controlled Warren Buffett, Chairman, Berkshire Hathaw... Terry College of Business at the University of Georgia The David Rubenstein Show: Warren Buffett ... Bloomberg Quicktake Warren Buffett speaks with Florida University LeylandPAM Warren Buffett's Financial Rules to Live By ABC News ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_c... ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • My Live Calendar: http://evancarmichael.live/ • Instagram: Instagram: evancarmichael • Tiktok: TikTok: evancarmichael • Discord: http://evancarmichael.biz • Twitter: Twitter: evancarmichael • Linkedin: LinkedIn: evancarmichael • Facebook: Facebook: EvanCarmichaelcom • Website: http://www.evancarmichael.com ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe