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646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires w/Trey Lockerbie

646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires w/Trey Lockerbie

FromBiggerPockets Real Estate Podcast


646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires w/Trey Lockerbie

FromBiggerPockets Real Estate Podcast

ratings:
Length:
77 minutes
Released:
Aug 9, 2022
Format:
Podcast episode

Description

Every investor has wondered how to invest like Warren Buffett. He’s arguably the best stock trader of all time—preaching the fundamentals of investing in equities, something that most modern-day investors seem to forget. We’re seeing the same thing in the real estate industry. With a runup of home prices and stock prices over the past two years, almost every investing strategy has worked. But, as prices begin to plummet, overconfident investors are starting to see the errors of their ways and that making money isn’t always easy. So in today’s risky environment, we have to ask: what would Warren (Buffett) do?Someone who’s been asking that question for years is Trey Lockerbie. He’s co-host of We Study Billionaires, where he interviews some of the best and brightest investors on planet earth. Trey has lived an interesting life. He was a musician, went on the road for years, started a kombucha brand, and now reads everything he can on how to build billion-dollar businesses and billion-dollar wealth. With the aura of fear many of us are feeling in the investing space, Trey brings in some much-needed clarity on what investors should and shouldn’t be doing right now. And he got some of this advice directly from top stock investor himself, Warren Buffett.While we do go deep into the coming opportunities for real estate investors, we also hear about how stock investing isn’t so different, and why the massive drop in cryptocurrency prices could be an opportunity for investors who are on the fence about blockchain. Regardless of what you invest in, how much you invest, or whether or not you’ve started investing, Trey can enlighten you on how to maximize the decision you’re about to make.In This Episode We Cover:Secret investing lessons learned at a dinner with Warren BuffettUnderstanding the “human” element behind why markets rise and fallFear vs. greed and whether or not to buy in an overly pessimistic investing environmentWhy Bitcoin is becoming more attractive to real estate investors even as its price dropsInflation, money printing, and how the world’s debt worksHow high will interest rates go and what investors should prepare forStarting a business that can sell for millions (or billions) and how to get thereAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterListen to Our Past Episode with “We Study Billionaires” Host Stig BrodersenCheck Out Our Episode with Ed Mylett on Investing Opportunities in 2022How I Hired Warren Buffett as My Real Estate Mentor“We Study Billionaires” PodcastConnect with Trey:Trey on TwitterDrink Some of Trey’s Superb KombuchaClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-646Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 9, 2022
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.