Warren Buffett - The Greatest Investor of All Time (Investor Profile)

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CEO of Berkshire Hathaway, the Oracle of Omaha, World's Greatest Investor...there are a lot of titles that belong to Warren Buffett, but how did one man accomplish so much? We explore Buffett's upbringing in today's video.
Intro Music: www.bensound.com/royalty-free...
This video is sponsored by Blinkist
DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

[@ThePlainBagel]

Happy Friday! The first 100 people to go to www.blinkist.com/theplainbagel will get unlimited access for 1 week to try out Blinkist. You'll also get 25% off if you want the full membership.

[@allsparkwars2644]

You have to put your CC info in

[@jank3441]

allsparkwars2 yes, it’s a service not a donation lol

[@raymondcaylor6292]

The most important advice from Warren Buffett: 1) don't save money you have left over from spending, spend money you have left over after saving

[@Nouveau0]

How does Buffet not have bad health issues when his diet consists of Macd and coke at his age?! 😮

[@fightsports66]

His diet does not consist of that. He just likes McDonalds breakfast.

[@JamezJN007]

@@fightsports66 still, how?

[@fightsports66]

@@JamezJN007 did you miss the part where I said his diet does not consist of that? The only video's of him eating McDonalds are of him eating breakfast items. I have never seen a video of him eating the burgers. Are you familiar with McDonalds breakfast? These are not massive meals, we are talking about an english muffin with an egg and one sausage pattie.

[@vonb2792]

@@fightsports66 full healthy

[@GabbieCh]

Maybe it’s a small part of his diet. Besides that, genetics play a very important role in how you adapt to unhealthy foods and how much they harm you.

[@aaronb6178]

In twenty years time there’ll be a video called ”who is The Plain Bagel and why are investors obsessed with him?”

[@ThePlainBagel]

Haha I'm flattered, but in twenty year's time I'll be happy if I still have a single subscriber to my name!

[@Moley1Moleo]

@@ThePlainBagel Rule #1: Never lose subscribers. Rule #2: Never forget rule #1.

[@placeholderdoe]

@@Moley1MoleoI forgot the first rule

[@johnlaurencechan3035]

Please do you a video about "Peter Lynch"

[@vhoang1990]

And other well-known investors.

[@tamaspapp3302]

@@vhoang1990 I think Lynch is the best of the best.

[@yassinehelaoui7078]

"The rising of Warren Buffet" would be a great movie

[@kfraney94]

He's the reason I got into investing. I check CNBC every few months looking for his interviews. Always love listening to and reading what he has to say.

[@barrytschirpig9328]

12:10 that outro!

[@conors4430]

A billionaire with ethics and a conscience, a rare commodity. I can at least respect a man who gets rich but can clearly still see the system for what it is

[@PierceJordan]

All around great guy. Thanks for the awesome video man-I always appreciate the amount of detail in these!

[@cyc69]

This is still a great video a year later. Just shared this video with my daughter. Good job, Richard. Keep it up. 👍

[@peaou]

that animation at the end... you earned a new subscriber my friend (half joke - I want to learn more about world of investments)

[@InvestingBookSummaries]

Ray Dalio is my favorite for macro economics. Peter Lynch for individual companies. Warren Buffett well rounded.

[@user-mr5eo9ov3q]

Dont know buffet believed in technology tho but whatever he believed in all were turned out to be gems of the world for quiet sometime

[@tomlxyz]

I kinda like Ray Dalio but also kinda not. His macro economic explanations generally make sense but his conclusions and predictions aren't really backed up by him enough for me that I don't exclude the possibility that the exact opposite of what he says could happen too

[@tomlxyz]

@@user-mr5eo9ov3q he doesn't understand tech well and his principle is to not understand in something he doesn't understand

[@SNDVeteran]

Warren Buffet was blessed. He came from a family with money and learned from the best investor of all time. I'm not trying to downplay his feats but come on most people today are not as fortunate..

[@khalidgames7908]

We have something more. The internet. Thousands of hours of contact to indulge in.

[@andreimircea2254]

Great video, it reminds me just how much I love this channel, along side Two Cents. And a honourable mention goes to The Financial Diet. These KZbin Channels and Yours are great if you want to learn the languages of money and investing. Keep up the great job Richard 👍.

[@Don2006]

Shoutout to Economics Explained as well!

[@andreimircea2254]

@Don ; They are too general, I gave praise to these three channels because they talk about personal finance, not economics, and if in America 40% of it’s citizens can’t cover a sudden 400$ expense debt free, I think personal finances are more important than economics at the moment for the public. Edit: numbers mentioned are from the pre-covid days.

[@luhume4568]

If you care about your money, you shouldn't listen to TFD. The girl has no economic or financial education, she's a mess with money (she wrote that an engagement ring is an investment, had a budget of 7k and at the end she paid 10k) and her advice is vague. Be careful.

[@BarkingCookieNCream]

We can learn a lot from Mr. Buffett and truly respect his wisdom of investing. The Plain Bagel is so lucky to have the Buffett's sun always shining on him.

[@simpleThInkerr]

Just a quality video man. Thank you for this channel

[@zachsmith5151]

Watching this in the last hour of August 30th. Happy bday to the man!

[@hoganegg793]

Buffet is undoubtedly a legend

[@oriffel]

the name of this channel and accompanying host are just perfect.

[@chouchie]

9:42 how’d they edit him over Obama?

[@damianchang6439]

Could you discuss Peter Lynch and dollar cost averaging in your future videos please? Great content and really well grounded in reality.

[@drei7048]

Whenever I see Warren Buffett, I always remember Carl Fredricksen from the movie "Up" but much more richer.

[@hyakushiki23]

Great end clip from a previous episode

[@phodisophatshwane3711]

Oracle of Omaha, Founder of Buffettology, the man behind my investment philosophy.

[@nigelphillip2715]

Great video! Concise and very informative!

[@businessguide6219]

Officially, you're one of my favorite KZbinrs out here!

[@slate1496]

A amazing (time) investment!

[@tylermv2280]

Love the content keep it up! I do have a question though. I watch a lot of Dave Ramsey and Chris Hogan on KZbin and they both have the "Baby Steps" of getting out of debt as well as some guidelines for investing. However, because they're American they talk about a number of investment options available on there and not here in Canada. I was wondering if you could maybe discuss what you think a healthy Canadian portfolio should look like and some everyday investing tips and tools available to Canadians. Thanks, Richard. Apologies if you've already discussed this, I'm still working through your videos.

[@colinubeh1180]

Great video. Do you have video on Michael Burry?

[@JeyTeh]

Thanks for all the vids man, keep it up. Wish you can do a market cap video please? Like If the price of the shares trading in public grows, the money doesn’t goes into the company, then why their market cap grows? Is it accurate to value a company just by that?

[@ThePlainBagel]

Market cap is strictly a valuation measurement, it doesn't measure the money that's gone to the company bust rather what investors are willing to trade for its shares. Even though the money isn't going to the company, because investors are buying and selling at a higher price it demonstrates that they are willing to pay more for a share of the company. Hope that clears things up!

[@chophosho5935]

Make a video ranking your top 5 investors!

[@vexrav]

small note, at 9:26 when you say "Gave it all away", it sounds like Buffet passed. Has he already given away the money?

[@ThePlainBagel]

He has not! That's a good point of clarification - while he has made large donations he is only giving the 99% away upon death.

[@adinaiulia1751]

@@ThePlainBagel this is what I like about Warren Buffet. As Andrew Carnegie says, "The man who dies thus rich dies disgraced". It is a shame that the rest of the rich people from all around the globe dont see the wisdom in this quote..

[@fauxhound5061]

@@adinaiulia1751 what about your family? You earned the money, you are intitled to do whatever you want with it

[@JesusInStripeZ]

@ViniJusty Yup, even 0.1% would still be generational wealth. Hell, even 0.01% would still be 10million dollars. It's an incomprehensible number really.

[@romeosierra13]

Good Day Bagel team , as you rightly said at the end of the video,there isnt alot that can be fit into 10 mins ,however , your style of editing and great storytelling skill ,show that you are most capable to produce some longer form content ,going deeper into the details with your perspective.I feel you didnt do this topic justice by limiting yourself to your usual , i personally would love to see you challenge yourself with this .

[@ThePlainBagel]

I appreciate the feedback! I'll consider longer-form pieces in the future :)

[@pat17yearago75]

@@ThePlainBagel hey could you tell me which animation software you use? Thanks

[@lzylifeguidesubscribe2124]

Another great video! Good job!

[@OG_McLovin]

Love this dude. Just comes off a genuinely good person that wants to help folks out. I learn something new every time I hear him talk. Though what is this strange "reading" custom he speaks of?

[@DekarNL]

Never lose money. Really great advice to people who drink starbucks, smoke, drive expensive cars and go out to eat 3x per week, but have no savings. Living a little frugal keeps you humble, and if you listen to this guy, can make you rich.

[@Theferg1]

Great video I’m going to show my son‘s this today. Hey would anyone know how to sign up for his investment letters? Thanks

[@Z__K217]

That was rewarding - thank you for making this. Kind regards.

[@W2Capitalist]

FINALLY! Someone answered. Do you experience FOMO if you don’t know the latest about WB?

[@alex0589]

“Dont lose money” Oh, thanks grandpa, real useful **loses everything i invested**

[@allenscenery]

Timing is good. He got on it right after the great depression.

[@Waffles24]

This is a great video, well done! I recently read Howard Marks "The Most Important Thing" and the second-level thinking and value investing really highlight how Buffet thinks. Of course though, it's not limited to that.

[@1998marijn1998]

I thought he was ‘just’ a genius investor, but he’s really an amazing person.

[@daniyal-syed]

He’s not an amazing person, it’s all marketing, you do not become a billionaire being a nice guy.

[@placeholderdoe]

@@daniyal-syed its impossible, if you were a nice guy you would give all your money away because you could never use all of it otherwise

[@its9333]

@@placeholderdoeI have to agree, there is a documentary by a young billionaire who inherited his wealth who interviewed Buffets adopted granddaughter. Buffet wrote a letter to her then disowning her for speaking in the documentary, in which she revealed nothing common sense wouldn’t tell you.

[@benjaminlegeard3190]

I’m a year late, but that outro is just 👌🏻

[@frankoberly548]

Warren Buffet THE GOAT!

[@allsparkwars2644]

I like everything bagels

[@ThePlainBagel]

Get out

[@allsparkwars2644]

@@ThePlainBagel LOL!

[@Solid_Snake88]

Aaah that’s funny

[@damiondobney542]

-Airline Line Stocks and -Wells Fargo

[@SleepDaMouse-xd8dn]

Almost no one is. He gives good advice. He has used it to make himself rich so he is an example that it works. This is just good. He’s not a bad person or anything from what I’ve seen. I don’t think people are obsessed...

[@aramkassis1986]

Simply the Einstein of investing!

[@thewilltheway]

The power. The presence.

[@ofircohen1675]

That guy is more frugal than me... 😂

[@missionpupa]

He doesn’t even spend any of his billions, he will die and give it to charity, he lives for the game, not for the money. now that’s frugal.

[@aimanhaiqal8892]

because he is already living in lavish life during his young age

[@InvestorCenter]

Warren Buffett is the best person to study if you TRULY want to learn about investing.

[@tomlxyz]

I kinda feel like at least in the shorter term now his strategy doesn't work out with the current loose monetary policies giving a lot of securities artificially high value. Also a lot of tech companies are making big money now but wouldn't have been on his radar by following his strategy of basically already requiring being profitable. What I mean is underlined by what people have surpassed him in his wealth

[@EdgeOverHedge]

It is amazing the humility of Warren Buffett! Great video!

[@miketoreno4969]

Great video

[@jaimebarragan8059]

There are people who become well off by being "charitable". Don't now if that makes anyone a "good" person anymore.

[@wahyuramadhan195]

My idol ❤️❤️ definitely G.O.A.T in investment field

[@ravindertalwar553]

Yes I love you so much 💓

[@diegouy8277]

7:32 Eating mcdonald's everyday is too expensive for me, rip 😭

[@JRPete]

I like his idea of using baseball as comparison to explain financial ideas.

[@thechaosgamer1702]

warren be like you dont wanna give me my money? how about ima buy you out XD

[@DiaJasin]

Omg the ending

[@amnrob101]

Please do a video on Robert F. Smith

[@MOBMJ]

Tell me he’s more than the greatest investor

[@arcey6597]

Jeff Bezos be like : y’all hear something

[@288theabe]

Intelligent Investor is a DEEP read. If Wealthy Barber is grade school level investment read, Intelligent Investor is Masters level. Can’t think of a PhD one though...

[@ofircohen1675]

Thank you for sharing that great knowledge! Warren Buffet its someone we all need to learn from! Never lose money!!!

[@Officialvvalentino]

Good video

[@peacemaker6504]

Please make a video on the South Sea Bubble.

[@michaelh13]

Excellent idea, even Isaac Newton lost money on that

[@KingMonke26]

Notification Gang

[@appleoftheground]

Notif gang

[@viorp5267]

The most amazing thing about the guy is that Buffett does not seem evil.

[@jbullionaire2749]

What a guy!

[@NOName-nn3jv]

He is a legend

[@johnjohnson3390]

I heard that he pays himself 100k a year to avoid getting taxed

[@resistencialiberal9555]

If he didnt get pay at all people would still bitch about it. Man can't even donate his money in peace lol

[@samsonsoturian6013]

Mostly, yeah. He takes his pay in shares, thus he only pays taxes when he sells, and he sells mostly in order to give to charity.

[@GT-tj1qg]

What a legend

[@floxy20]

Now do a segment on my hero Scrooge McDuck.

[@777waz]

I have a lot of time for Warren Buffett and I really enjoy your no nonsense approach in your channel. The only thing I wish to highlight is that there is more to the Bill and Melinda Gates foundation (and more specifically Bill himself) than meets the eye. I’d recommend anyone research it thoroughly like they would a potential stock pick or investigative journalist - the outcomes might very well surprise you.

[@daviddvorak3278]

Why do some people pronounce Berkshire like that?

[@DonDon-df5ie]

You know for sure it ain't no pyramid scheme

[@pncrmpz1851]

If my mom catches me drinking coca-cola, she'll say that I'll die at 26 or something because she says it's dangerous and unhealthy for my kidney. I think the key to immortality might actually be coca-cola.

[@omodeeable2000]

Great

[@loveanimals-0197]

How many pages (on MS Word, size 11 font) do you usually write to make a 10 minute video? Please let me know.

[@TheGamingAlong]

Try using youtube subtitle downloader and paste it on ms word

[@lindhe]

So how much better have his investment been compared to a global index fund?

[@missionpupa]

Lol he didn’t become the richest person in the world by investing in the index

[@lindhe]

@@missionpupa No, I guess so to. That's why I asked.

[@pat17yearago75]

An average passive investor should just invest primarily in index funds. Buffet has alot of experience and knowledge thats why he made such wealth.

[@flintpatterson3876]

"Advocates for billionaires to pay higher taxes"... pays just over 1% per year in taxes on his own income...

[@samsonsoturian6013]

Not really. He takes most of his pay in shares, and you only pay taxes on those when you sell. Combine that with years of share buybacks and he racks up an impressive fortune on paper. The only reason he isn't the richest man in the world is because he donates much of his fortune to charity.

[@romaboo9772]

Holy frick, Buffett is just a chad.

[@fluxxxtasy]

Bet you he get the best inside information

[@missionpupa]

He’s holding 137 billion cash right now, what do you think is coming hahja

[@EliStettner]

Berkshire hath- AWAY!

[@stlouisix3]

*Buffet's a Coke addict* 😉🤣😂🤣

[@missionpupa]

He ain’t. It’s called genius marketing

[@1080pgamer1]

I have even seen Charlie drinking coke in a interview with caltech in nov 2020

[@ObsoleteTutorials]

I see what you did there.

[@a10goesbrrrrrrrrrrt52]

Rule #1 go to mcdoanld every morning Rule #2 drink coca cola

[@k88811]

This explains why he is fighting my catastrophic car accident case so hard….it needs that money for investments….hmmm interesting

[@samsonsoturian6013]

Wut?

[@tannerhagen774]

I like Buffett, but going to McDonalds to save money? Starting to sound pathological if that is the sole reason.

[@geoffreycharles6330]

I suspect he's been paid by that corporation or in some other way he's involved with it and that's the reason why he publicly endorses it.

[@tomludlow1]

its pronounced berk sure. berksher, not shire

[@Freshcornpop]

hes over rated he just bought stock after the great crash and then hodl for like 30 years

[@eliyasne9695]

2:01 And then, ironically, buying Coca-Cola company a few decades later.

[@DekarNL]

He's a share holder. Not owner.

[@eliyasne9695]

@@DekarNL Yea you're right

[@hgm8337]

eliya sne yes,... the world’s most pollutive plastics company, not to mention the junk processed food they push. Awful company

[@Sebastian-cu2zq]

@@hgm8337 it makes money tho

[@daniel-blessmannjoroge6483]

@@hgm8337 your comment wont make it collapse I wish you well

[@achristian2851]

Did he say 50percent to bill gates....Nooooo

[@ibraheemali9541]

2:16 lol at the age of 11!!! in some countries its not even allowed to open a bank&/brokerage account until u r 18 +

[@youtubesucks8024]

Peter…….Buffet

[@tannerstull6490]

first i never make it

[@johnquach8821]

Russian 1998 Default Crisis?

[@dodid0]

Video IDEA: Defined income investing. Recently seeing a lot of ads about that. Apparently it minimises loses and guarantees returns? I know its a farce because there's no miracle pills, but I'd be glad if you analyse the topic.