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Pat Wright

πŸ‘€ Speaker
350 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

Like he's a really flawed human being.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

One is that like,

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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,

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

Yeah.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

I don't necessarily think that's true.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

So money doesn't buy happiness.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

So yeah,

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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