646: Building Wealth Like Warren Buffett & Lessons Learned from Billionaires

<p>Every investor has wondered <strong>how to invest like </strong><a href="https://www.biggerpockets.com/blog/warren-buffett-mentor" rel="noopener noreferrer" target="_blank"><strong>Warren Buffett</strong></a>. 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 <strong>runup of </strong><a href="https://www.biggerpockets.com/blog/biden-administration-housing-supply-action-plan" rel="noopener noreferrer" target="_blank"><strong>home prices</strong></a><strong> and stock prices</strong> over the past two years, almost every investing strategy has worked. But, as <strong>prices begin to plummet</strong>, 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: <strong>what would Warren (Buffett) do?</strong></p><p>Someone who’s been asking that question for years is<strong> Trey Lockerbie</strong>. He’s co-host of <em>We Study Billionaires</em>, where he interviews some of the best and brightest investors on planet earth. Trey has lived an interesting life. He was a <strong>musician</strong>, went on the road for years, <strong>started a kombucha brand</strong>, and now reads everything he can on <strong>how to build billion-dollar businesses and billion-dollar wealth</strong>. 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.</p><p>While we do go deep into the<strong> coming opportunities for real estate investors</strong>, we also hear about how stock investing isn’t so different, and why the massive drop in <a href="https://www.biggerpockets.com/blog/invest-cryptocurrency" rel="noopener noreferrer" target="_blank">cryptocurrency</a