Pat Wright

speaker

350 appearances 1 recordings 1 series first heard Jun 2021 last heard Jun 2021

Pat Wright’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Avoiding scams & decrypting financial news (with ABC journalist Pat Wright) · 13 Jun 2021 podcast

And there's a lot to kind of admire, I guess.

But at the same time, like I think Alice Schroeder, who wrote that book,

It's not like a hagiography or it's not like a glowing kind of, you know, portrait of Buffett.

Like he's a really flawed human being.

And I think there's a few lessons in there.

One is that like,

I would never try to model my life on Warren Buffett.

I think he's kind of, despite all the money he has, he's got, you know, there's some real, you know, for instance, like he's had some issues with his relationships and, yeah, I don't know, like I wouldn't want to try to emulate that stuff.

But at the same time, there's so much from an investing point of view or if you're interested in finance, like there's no better, like,

Some of those stories, I guess, you know, get told and retold.

But that's, you know, probably the definitive source, I would say, about Buffett.

Yeah.

So I might just go back to what I said before, which is that I think when it comes to personal finances, you have to kind of find your own kind of equilibrium or find what works for you.

And I think there's a lot of people out in the world that might try to offer you a solution to all your problems.

And a lot of people might also think that, you know, having more money will solve, will make them a happy person or solve all the problems in their life.

I don't necessarily think that's true.

And like, if we go back to that Warren Buffett biography, I think even though he had all this money, there's probably things he wanted that he couldn't have as well.

So money doesn't buy happiness.

So yeah,

I guess what I would say is that it's really useful to have some savings.

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