Warren Buffett’s Advice to LeBron James

LeBron James was first introduced to Warren Buffett by James’ financial adviser Paul Wachter. They met in Omaha, Nebraska at Berkshire Hathaway’s headquarters and Buffett shared some advice:

Buffett also shared a story about him and Bill Gates that had relevance to LeBron. Shortly after Buffett and Gates had met in 1991, they were asked by Bill Gates Sr. to each write down one word that accounted for their success. Buffett and Gates both wrote down the same word: focus. Gates believed that the thing you did obsessively between ages thirteen and eighteen was the thing that you had the most chance of being world-class at. As a teenager, Gates had focused on software. Buffett had focused on investments. “It gave me a big advantage to start very young,” Buffett explained.

What impressed LeBron about Buffett is his level of consistency. He was going to the same office and making investment decision behind the same desk for nearly twice the years he’s been alive.

Consistency, discipline, and focus is a core theme behind my blog. Not only have I been greatly rewarded from this blog (I’ve met close friends and attracted many opportunities including my current job) but it’s also a practice in consistency and discipline.