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The Ultimate Money Mindset Speech

MBA Class Guest Lecture University of Florida Business School 25 min read

One of Buffett's most famous speeches. He discusses the importance of integrity, how to choose a career, and why having "the right money mindset" matters more than IQ.

Background

In October 1998, Warren Buffett visited the University of Florida Business School to speak with MBA students. This talk became legendary because of its candor and practical wisdom. Buffett spoke without notes for over an hour, answering questions on everything from career advice to investment philosophy.

Full Transcript

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Impact & Legacy

This speech is widely considered one of the best business talks ever given. It has been viewed millions of times on YouTube and is frequently quoted in business schools worldwide. The "money mindset" concept — that integrity and character matter more than raw intelligence — became a cornerstone of Buffett's public philosophy.

Key Quotes

"It takes 20 years to build a reputation and five minutes to ruin it."
"The difference between successful people and really successful people is that really successful people say no to almost everything."
"You don't have to be an expert on every company, but you have to know what you don't know."