These two very different businessmen have created enterprises in similar ways. They speak about their early careers, entrepreneurial interests, and specific moments and mentors that made them successful.
Buffett breaks down some of his fundamentals on value investing, which he learned from his mentor Ben Graham, and when he decided to changed his investing perspective. Buffett also describes how one can apply the “habits of success”, while Jay describes how he “broke out of the pack”, and narrowly avoided being sent to prison.
Both agree on the importance of knowing how to identify emotional responses that occur in business, whether it’s industry trends or the stock market. Buffett and Jay also discuss how much “luck” has to play in business, and other intangible aspects one cannot quantify. Both have risen to wealth and attained huge recognition. They detail what gaining wealth meant for them, namely independence and the opportunity for philanthropy, and the ways they give back to the community.