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"Associate with people better than you are"

Buffett & Munger2007-05-05videoOpen original ↗

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SpeakersWarren1
[0:00]
WarrenI'm curious to know who are your present-day role models. Well, I've had a number of them, and I'm not sure I want to name them because the ones you don't name, they might feel a little left out. But the one thing I've been very lucky on is that the ones I've had have never let me down. So I have never had that experience where you've looked up enormously to somebody and then had that person let you down in some way, be a terrible experience and very hard to get over it. And, you know, I'm sure some people have had that in marriage, and they've had it in business. And the worst situation, of course, is if you have it with your parents. But that did not happen. In fact, the reverse happened. Happened with me, so I can just tell you that choosing your heroes is very important. I tell that to the students when they come, because you are going to gravitate toward the behavior of those around you. I tell people to be sure and associate with people that are better than you are. Marry up, you know, and hope you find somebody who doesn't mind marrying down. And it will do wonders for you. It was a huge help to me, I can tell you that.