Billionaire investor Warren Buffett says the very best investment you can make is one that “you can’t beat,” can’t be taxed and not even inflation can take away from you.
“Ultimately, there’s one investment that supersedes all others: Invest in yourself,” Buffett says in a recent interview with Forbes. “Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet.”
One of Buffett’s investments in himself came in early adulthood, when he signed up for a $100 Dale Carnegie public speaking course that he says changed his life.
The course was taught at Dale Carnegie, the institute named for the influential speaker and author of “How to Win Friends and Influence People.”
“You can’t believe what I was like if I had to give a talk,” Buffett recalls in the biography “The Snowball: Warren Buffett and the Business of Life.” “I would throw up.”
Even so, the young investor was determined to get over his crippling fear of public speaking and to woo Susan Thompson, who he would later marry.
“I proposed to my wife actually during the middle of the course, I got so confident about my abilities,” Buffett tells Forbes. “It also helped me sell stocks in Omaha, despite being 21 and looking even younger.”
Buffett tells Forbes that you can exponentially increase your potential “by simply being able to communicate better” and “enhancing your talents.”