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Peter Buffett

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2020-01-07
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2020-01-07
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  1. I would say that would be Jennifer, and that it's sticking with me. That is absolutely because I, through necessity, and this is what you learn in life, I guess, is that you do, there's a great gospel of Thomas, I forget who that, but Jennifer quotes it all the time, that which you do not bring forth from within you will destroy you, and that which you do bring forth from within you will save you. And so if you're sleepwalking through life and not even know you're sleepwalking, which is often the case as was with me, I was a nice guy, I was outwardly nothing wrong, but I realized I was living inside this frame that was flawed in terms of the relationship with her. And essentially I blew it up, blew it up big time. She knew there was something deeper there, more important there, that we were destined for where we are now and was kind enough to.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. Back to them, especially if it's kind of a funny little name, and then there'll be some kind of laughter around you got it right, he got it wrong. And then he'll ask him where they're from. And I cannot tell you how that opens people up. I will test it out sometimes where it's, I'm down at breakfast first at the hotel and the server's kind of shut down and just doing their thing. And I thought, watch this. And Michael shows up and she's telling us about her trip to Italy and we're like, oh, this stuff. And all he did was ask her name. It's not that hard to connect, but you have to be willing to do it and then just see where it goes.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. Recognizing that here we are in real time and anything's possible if we allow it to be. And we'll be let down, but instead of all the letdowns creating a wall, just go, okay, well, that wasn't perfect and let that slide by and try again and be open. The cellist I work with is extraordinary. So it's myself on piano and the guy on cello in my show. And Michael is truly an alien. If you don't believe in aliens, meet Michael and it'll change your mind. He's phenomenal. But I've been with him for 20 years now in various ways with shows. We've been doing this one for over 10. And he will come in contact with every single person I've ever seen, the cab driver, the woman changing out the buffet at the breakfast and the hotel. Every single person. And the first thing they'll do is ask them their name and they'll say their name. And then he'll spell it out.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. It's so funny. It's like when I do my show, I want the answer to be just solid, right? Because it's the chance to have the solid answer. And that is a big one because I think of, again, vulnerability and willingness to not know and open to the possibility of what someone else may bring you if you aren't already projecting your own thing on them and whether it's my family, Jennifer, the community. I mean, I can't tell you how many times I'll meet somebody and have some kind of little judgment. And then 20 minutes later go, oh my God, what a jerk I was to think this about that person. They've actually been through all this or they're bringing all this to this. It's really dropping the projections. It's dropping the story.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. Yeah, and I felt it personally in my own life. I felt it in the relationship with Jennifer, and I felt it in this community as we've resourced it and really just put water into good soil. So yeah.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. Do that. It's listening and learning and feeding where I think I can feed with the resources. What I hope is a different way of being in the world for the community.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  7. There's a great phrase if you don't use your imagination, someone else will. And that's what's happening. Is our imagination has been hijacked and every screen is just taking it further? But if we have the time, which most people don't have because of debt slavery, which I believe is absolutely the thing, those of us who are lucky enough to have the time should be working on cultivating our own imagination so that we can start to think outside the structures that have created what most people are a slave to, what most people are indebted to in some way. And so that's what excites me is looking for the others and then thinking myself, because it's funny, I did music my entire life, and now music is less important to me because Kingston's the creative act. I get to try things with others. It's not me coming in and stepping all over town and saying do this.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  8. I'm certainly spending a lot of my time here in Kingston thinking about, okay, what are some of the levers that I can pull on that help release? I have a funny saying for the foundation is Novo Foundation, putting money out of its misery. And so the idea of how do we put money out of its misery? Because money is just energy and where you put it is what happens. And it does not like being held up and not being able to do whatever it does, if I may anthropomorphize money for a minute. But so what's exciting is to figure out, okay, where can we release money into systems and structures that aren't part of the system and structure? Who's doing the imaginative creative? Because we're only going to imagine ourselves out of this.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  9. the luxury of self-reflection in a moment to think who am I and how do I figure this out more. It is a luxury. We have created a system where there's no slack in it. There's no free time to consider.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  10. Yeah, it's fascinating and true. And I think that each one of us in our way, and it may not be that way, there are other ways, but need to be jolted awake. And that doesn't have to be traumatic. What it actually does is allows you to see your own personal story and traumas at a scale where you can look at it. It kind of shrinks it down and you understand it better and you understand where it came from and you get knowledge around it where you can sort of say, okay, that's not me, actually. That's a thing that happened to me. And in whatever form it takes, recognizing that we all carry something, I was incredibly fortunate not to have abuse in the family, basically that in any form. But it's rampant in this country and the world, really. And of course, the system itself is abusive to so many. So to have the luck.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  11. Way more common than people think and much more utilized until it was outlawed essentially. In the 50s, 60s, 70s, there were different you would call drugs. It's a different world.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  12. Oh my God, and I will tell you, and it's from my own personal experience, that it changed my life to have these experiences and real, and I know so many other people, and it's considered this counterculture, scary, all this stuff.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  13. Warm blooded animals. I don't think anybody does what we do to our own. And I don't understand that. So I'll do the point. The only way to find your note is to get the dissonance, which would be trauma out of the way so you can hear whatever is harmonically resonant in you to just keep the metaphor alive. It's not necessarily through talk therapy or something. It's going to be different for everyone. I find it fascinating that there's so much more talk in this culture now of plant medicines and things that Michael Pollin's book, How to Change about Rupture.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  14. But then what I really feel is that we are all and now more than ever probably, or maybe not, but we are all walking wounded. We all have these traumas. There's this thing called the ACES score, the adverse childhood experiences. That is a scientific medical test that you fill it out, it can lead to an understanding of what physical manifestations of trauma might be later in life. So they've linked certain things with certain physical issues later. But I think that is the story of maybe anytime, but certainly our time is the kind of unresolved but even examined traumas that we have experienced. I cannot tell you. Again, getting into the foundation and hearing about the level of abuse, physical, verbal, sexual abuse of Children and adults, and how high that is. I don't think there's any other species that does what we do to our young.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  15. I would say, first of all, describing us being water creatures and popping out in the world, that's highly traumatic. So there's a lot to be said for birth trauma. Even though when I would hear someone say that, it's ah, whatever, we all do it, but it's actually extremely first major rite of passage. That is massive. And I don't think we really give that enough credit or whatever the word would be.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  16. And it's everywhere. That's what has blown my mind. And that's why I had to look at history to figure out how the hell did we get here? Because this is not good. And you can pretty much look at reconstruction post-Civil War and it's all there. I mean, if you dive into that aspect of our history, but you can also look at Columbus's first journals and it's all there. This country was built for exactly what we're doing. People think, oh my God, how did Donald Trump happen? Are you kidding? He's the perfect distillation of what this country represents, actually. And I think whatever's happening is what needs to happen. So I'm not anti-anthing. I'm like, well, this is what we got. But yeah, you can go a lot of places and it's not hard if you look, but it's hard to look, frankly.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  17. Let's see. I think of a garment factory because we're all, I guarantee you every one of us is wearing clothes that was made someplace that if you, and I would say not just go there, but live that life for three days. Not that I've done that, but I've looked inside those lives. And I would say the same thing a mochally in Florida, you go there and that's where a whole lot of tomatoes come from. And you look at 12 to a trailer where the rent is and there's a company store and one person owns all this stuff and they're just extracting from these people that are putting food on our table. So there's a lot of places you could go, honestly. I mean, you don't have to go halfway around the world to see some pretty egregious behavior. And in fact, when you get into things like trafficking, you can go to any truck stop and see things that should never be happening.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  18. What's the supply chain that this is connected to, and who is being treated less than human? And almost anything we buy, you can trace back to somebody not being treated well.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  19. Every woman in Africa would be a millionaire. I mean, you see the level of really of what this side of the world looks on. This gets back to convenience. We love our cell phones and love this and love that and the shirts and half of them are coming from Bangladesh or somewhere else that for a terrible wage labor. But again, in my show, I hold up my phone and I say, right now there are villages being destroyed and women being raped to control the mineral in this phone. And I didn't pay for it. And I've been to fields in Florida where the tomato pickers are being treated horrifically and the tomatoes are sold 45 minutes away in a grocery store and nobody knows it's the particular again. Nobody knows where that came from. It's hard for me on the road to basically eat anything because I look at a cherry tomato or I look at a piece of lettuce or I look at these things and I think.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  20. No, yeah, exactly. I tell you Yeah, when we got the Big Bang in 2006, Jennifer and I spent three or four years just soaking up everything we could to learn. And so we went to Monrovia and Freetown Sierra Leone and Bangladesh and places in India that none of them were on the list of vacation spots by a mile. We essentially got a chance to look under the covers of the global market system. It's stunning. I mean, when you fly into Monrovia, Liberia, I don't know what the population is, but it's big. Hundreds of thousands of people certainly. And you're flying it at night and it's dark. That's the first thing you know. You're like, oh. There's 300,000 people down there and it's dark. And then you get on the ground and you see people doing whatever they have to do to survive another day. And it's that classic line that if hard work made you rich.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  21. That will just keep these cogs and these wheels turning. And yet, in real time, right now, people need help, obviously. And so our job, I feel like, is to try and build a lifeboat, build little bits of community here and there where people will feel different, feel they have agency over their own lives, which is very different than just getting a job. Yeah, but the challenge with philanthropy is it's the seductive nature of thinking you're fighting against something and that you might win. And one activist that has sort of flipped her whole script in terms of her purpose said a win inside the system isn't a win. It's really hard to fully accept that and figure out what to do.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  22. In a lot of ways. And so the trap of philanthropic work is its sort of seductive power of feeling like you're doing something good. And that doesn't mean people shouldn't try in different ways, but it can lull you into this sense of, look, we're reducing poverty. you start to look at the particulars of that and we are overloaded. I did 20 cities this year with my show and each one I went into the community for a couple hours just to see some of the social service organizations and different things. And we are beyond maxed out with the homelessness and poverty and food insecurity and all these things. So there's nobody can keep up with the demand of the displacement and the poverty, for lack of a better word. And I see social service organizations saying, well, again, we're... Forest development, get them to consolidate loans.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  23. To be passionate about fighting against something and have a reason to say this has got to end, this has got to stop. And yet, and this is hard, and we're really just coming to this now, if you're fighting against something, you're giving that thing energy. You're giving it your energy and you're saying it's legitimate because you're fighting it. And our greatest challenge with the work is to say we have to build outside the fight. We have to find out what this world needs, what our species need. The world's going to be fine. Somebody said the other day, this is not the Earth's first rodeo. It's been through meteors hitting it and all sorts of things. It will survive. We may not, or certainly we won't at the level we are now. And it's because of all those externalities you've mentioned before. We live in this world where externalities are just, they're not considered really.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  24. Read my op-ed from 2013. I had no idea, but it was the shot read around the world. I really, I just come from this big philanthropic conference and just so frankly disgusted by all these mostly white rich guys saying, what's the ROI and how do we do this? We can figure it out. And they cause most of the problems. And so the number one thing is that we're in a world where philanthropy has to exist, which I find problematic and yet here we are. Most people in philanthropy don't really want to just put themselves out of business, which is exactly what they should be going to work every day thinking, is how can I not have a job tomorrow? And yet it's this legacy. And the trap of it is, and this is true of activists, this is true on both sides of the coin with both foundations and then the organizations they support. It feels so good.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  25. There's a radio station that we essentially the foundation is supporting to be the fire. I call the farm the food, of course, and the radio station the fire, which everybody gathers around to hear stories and talk. And with those two bookends, then you start to fill in all the wants and needs and whatever the community may need by talking to itself and learning from each other.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  26. They call them neighborhood tiles, I think, where you just start with small units and get the feeling there, and then you start to not exactly replicate it, but learn the lessons of that and find out how you can create the conditions again for it to happen somewhere else. So here, and it's complicated. I could say Foundation is going to do this in all these places, but if I'm not having the felt experience of doing it here and seeing the complexities of it and recognizing the power in different people doing different things. And so it's really that. It's finding the others. And it helps to have like-minded government. It helps to have certain people in place that can at least not hinder some of the things you're doing. But what we're doing here, again, it's ecosystemic. It's food. It's education. It's healthcare, it's childcare and transportation.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  27. Well, it's never going to be one person. I mean, that's part of it you find people in the community that have the same somewhat like-minded. They don't have to think the way you think, but there's a certain like soulness more than mindedness where they want to be a part of a thriving place that nurtures people and makes people feel safe or gives them the opportunity to. And so you find the others, as Timothy Leary famously said, find the others. And the more you know yourself, the more you can find the others. You have to start with yourself, always, always, always. That's the bottom line. And then through that, you can start to find people that resonate with that. And you get some kind of a cohesion. And I'm not sure yet whether you can do it in a community of 23,000 people. So we're starting in a neighborhood and some things affect the whole community, but most things are still like in Detroit.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  28. And that's true on the molecular level or the galactic level is that it's the interplay between things. And so an interplay is a good word. I mean, you want to have it be playful and joyful, even if it's hard. It can still give you something that feels good.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  29. Well, I'll start with listening. I think the best kind of friend is one that can listen and connect to your story or feelings or what you're experiencing and then reflect back something that is either helpful to them in some, whether it's sympathetic or challenging or critical way. Somebody said once the thing they'd hope to be in life is a welcome addition and a welcome addition can take a lot of forms. You can be critical and that's a welcome addition. It doesn't have to always be nice. So to be a good friend, I think is to be a welcome addition, to be something in that person's life where it's regenerative too, that it's not just about them, but it's about what's in between. I think that God isn't in anything. It's between everything. I think God is here between us. It's the relationship.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  30. Terms of having a life that gives us a sense of purpose and agency, people think, oh, yeah, but it was so much harder. It was just life back then. In reference to now, it's harder. But now we're living in this convenience cycle that's going to kill us because our DNA, I guarantee when it goes in a grocery store, it's doing backflips going, I can't believe all this stuff is available. So we're excited about water on tap refrigeration, like all these things we haven't even begun to process as more and more come online, literally online. And so to figure out who you are in all of that, you're just buried by noise. And some of it feels good. A lot of it feels good. And so that makes it even harder to shed. But I know who I am more clearly when I'm sitting in the creek. And that sounds, I don't know how it sounds.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  31. And they were working towards some common purpose, which was basically to stay alive. And the house was a unit of production. It made what it needed or it traded and bartered. It was not a unit of consumption, which is what it is now. Now you work to go out and get the things you need and bring them back. We're so flipped in terms of, again, the species out of context of who we actually are that we're constantly searching for that, for who are we? Because it's so, and that again, that's why I think the level of suicides and opioids and all the rest of it, just loneliness is so huge. And it's why I things like Facebook take off, because it's this faux version of connecting, but it's not being in the same room. It's not feeling the feelings that you have when you're with somebody. Yeah, so we, I think, and that's why I feel we're in collapse. We have gone so off the rails in trying to...

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  32. Yeah. It's the environment we're in, the environment, the culture now is again clearly with education first and foremost, but then the weapons of mass destruction, which is another phrase I love, is constant. It's like in recording as a signal-to-noise ratio. We're recording this, and you want the hottest signal possible. So the noise from the fans or the outside world doesn't get in there. And the noise is everywhere in our lives. And the signal, if you want to call it what's coming from your heart or your gut, not from your brain, but from other factors in your body, gets drowned out by all the noise. And so it's not a single thing. It's the collection. Again, remember 150, 200 years ago, we were all farming. We all sort of knew not only what our neighbors were doing, but what we had to do to survive. And we knew that the kids and the moms.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  33. In relation to this other person, and even to the point where you're saying something and you have an expectation of how that person's going to respond because they always do it that way. And you're just, that's holding them in a place that doesn't allow them to come back in a different way. And so it's super subtle. And I think there's science out there that says there's a half second between all the information that's coming to us and our meaning making of it. There's this half second delay. And I think about hacking the half second, essentially getting into that half second where you've got, that's your moment to say, wait a minute, is this really me? Am I really reacting or projecting or whatever it is the way I want to in the world? And it takes presence.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  34. With the person I'm most intimate with knowing, believing that it will reflect out from there. And I think the idea of fractals is real. I mean, I think things work on multiple layers. And if you can get yourself more in right relation to who you want to be in the world and then in relation to your partner and then family and then community and it builds out. And I've seen it. I mean, I can tell you it works because I've lived it. And it creates what I think of as an upward spiral. We all know what a downward spiral can feel like, but you can get into a regenerative place where the two of you are excited about the challenge of how can I sort of stand down from my own projections and standard behavior and check myself as I'm.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  35. Believed in based on the relationships we were, yeah. I mean, it's just we had a crisis and we thought, okay, either we're going to examine this or we're going to split up and probably take all the baggage somewhere else. And so we chose to do the deep work of first of all figuring out who we were, what is really, who are we? What's meaningful to us? How can we be in relationship and really unpacking all the things we'd learned mostly from our parents but also certainly the environment and really challenging ourselves to go as deeply into that as possible? And that allowed us again to start with ourselves, which was the critical piece. Why am I reacting the way I am? Why am I behaving the way I'm behaving? All these kinds of things. And with the sort of courage and challenge of wanting to make the relationship work.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  36. And are getting so we can be fed and held in some way and nurtured. And so the process of figuring out who we actually are, that's why it's so hard. It's a lifelong process because we never had an opportunity to just be us. We had to be behave in accordance with the environment we were born into. And then you start getting sent into the education system and just goes on and on where less of us is able to know ourselves and even have the agency to figure it out. And I'm not sure if anyone listening has had perfect parents, but I don't think they exist because they were in the same situation. And so we've got this copy of a copy of a copy of trying to figure out how to be in relationship. And so Jennifer and I, about 10 years into our marriage actually, found ourselves playing a role that

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  37. Oh boy, there's so much in there because I talk about this in the show and I'll start here, I guess, is that we start out in the womb as water creatures. We're water creatures, which I find fascinating. We're water creatures and everything's great. Temperature, nutrition, all these kinds of things. And then at some point, we think we're dying and we start pounding and we get out of there. I feel like if we could talk at that moment, we'd say, who the hell is responsible for this? Everything was great. But we're born into our parent stories, the cultural story, all these things we didn't ask for. And all we know is we need to survive. And so I would say I'm going to guess within hours, we start basing what we do on the environment we're in. So we're acting. What we're acting from like day one based on the feedback we need.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  38. Real time. And the other piece of it for me is that it shows vulnerability. And I want to as a male in this society present that, show up vulnerable just so people can go, oh, wow, I thought he was going to be pontificating and whatever.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  39. That's both the blessing and the curse of the format is that nobody has seen it before. And so to try and explain it to people, and honestly, people leave going, wow, that is not to give me whatever. It just happens. But I prefer, even when I rarely just stand at a bodium, give a talk, but I did one up here recently and I spoke for five minutes and then I said, just ask me questions. Let's just talk about what you want to talk about. It makes it interesting for me. It makes it topical in the moment with the audience I've got. And it's just more fun. And then there's a couple things in my life. I've looked back and said, oh my God, that's what my dad does. And this is one of them because famously at the annual meeting in Omaha, my dad take questions for six hours from 30,000 people. And for whatever reason, it's in our blood somewhere that we'd prefer to be interacting and in

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  40. It's funny because that is a question I get sometimes. And I am sure I can think of one, but the truth is I am so in the moment in those questions because there's 300 people and I'm getting whatever I'm getting and I couldn't tell you. I mean, sometimes right after the show, I'll debrief with the crew and say, okay, what just happened? But it's been everything from did you get out an allowance when you were a kid to does your dad agree with what you're saying? Because I'm pretty relentless with how I talk about the world we're in because of what I see with the foundation. Of course, my dad has seen the show multiple times and is wonderfully supportive, which is great. And yeah, lots, so many different questions. I did 20 shows this year and I stopped three or four times in the show for questions and I usually take about three or four each time. Now I have somebody taking notes.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  41. Really, of not only the notes, but really the intention behind the notes. I'm amazed that people can feel in a song I play that I wrote in nineteen eighty six probably, they can feel what's behind that song. It blows my mind. And I was in Hong Kong playing for a big group, and then I take questions after I play this song. This Chinese guy takes a microphone and he says, what was in that song? And he's patting his heart and he's saying, what was that? And I'm thinking, that's magic. Music carries something. I mean, we sang before we talked. We all did. We danced before we talked. And so the power of the voice and transmission in that kind of way is, again, we're more of that than we are this. That's been with us as a species for a long time.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  42. Well, the first thing I think of is, and again, this sounds whatever it sounds, but the power of vibration, because I perform now. I never was in abandoned high school. I never had dreams of performing. But of the past 10 years, I've been performing a lot. And I do this thing called a concert and conversation. It's what led to the book, actually. And so I do a lot of storytelling and take questions to the audience through the whole show and then play music in specific spots throughout. I don't play that many songs, but people drop into a completely different place when I do. And it's funny being, I don't even consider myself a musician. I can create the things I need to get from my head to whatever the project I'm doing. But I'm not a great piano player or anything by a long shot. But it doesn't matter because if you can reach somebody through the vibration,

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  43. Right, and so I grew up with that as a consciousness. So when I started out, I mean, my dad was selling stocks door to door when he was young. So I didn't think I could do anything other than just say yes to everything and work hard and slowly these breaks came. So that's what I did

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  44. And put a little ad in the San Francisco Chronicle, bought a little equipment, and just kind of stumbled my way through, and then got a few really big breaks at times because I said yes to everything. And that's where I think the curiosity and the willingness, more than curiosity, the willingness to not feel like anything's beneath you or that you're somehow entitled. I mean, that's again, to go back to my dad. The key in a lot of ways with him is that he doesn't feel entitled. He knows he's lucky, really lucky. He was born a white male in 1930 and had a brain wired for the market system we're now inside of. And that's why he gave all his money back because he said, look, if I was in a society that allowed me to do what I love every day, that society should get its money back. And it's a pretty, it's pretty great. It's pretty obvious.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  45. It's about connection. I hadn't really realized how simple you could play and have a touch somebody, and I've been playing relatively simply my entire childhood and life. The other thing was that I didn't know it, but when my grandfather died, I was about five, my dad's father, and he left us all a farm, all the grandchildren, nine cousins or something. My dad hated the misallocation of capital, so he sold the farm. And so I got $90,000, 600 shares, or $605, I think, shares of Berkshire Hathaway stock. So suddenly I had this $90,000 and I called my parents and said, I think I want to quit school and move to San Francisco and buy a little equipment. But most importantly, buy time with the money. And my dad was great. My parents were both great. They said, sure, go for it, which gives you added emphasis to succeed because they're like, sure. And luckily they were paying for school. So I could go back to school if I didn't. But of course you want to. And so I moved up to San Francisco.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  46. But I got in for real. And I realized at some point that I couldn't say any picture I took somebody else couldn't have taken. I didn't feel like this certain depth of, wow, that's my expression. But with music, I'd always felt that way. Even as a kid, I thought, wow, I just heard the song in my head and figured it out. And that's not that it's mine, but it came from someplace that feels authentic. And so I started to go that direction and really what happened is at school, two things happened. One, I was invited to a dorm because some guy was playing guitar and he was supposed to be great. And my friend said, you should come see this guy. And it ended up, I would hurt him. And one song in particular, I had a true epiphany in my life, one solid epiphany. And it was then when I heard this song, I thought, oh, it's about solid.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  47. Thinking, but developing negatives in a dark room in the basement says something. And that's what I thought I was going to be. And yet at some point I went off to college. I went to Stanford because I got in. And I like to point out now that there was no money that changed hands.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  48. Right. Yeah, I loved going to the piano naturally when I was a kid. And so my mom had me taking lessons from the old lady up the street like my sister did. And I like that to an extent, but I didn't really enjoy, first of all, playing someone else's music because I heard these songs in my head and I was trying to figure them out and all that. And just the language of black dots on a page wasn't compelling, but I loved making stuff up. And yet I played piano with a friend of mine when I got a little older into junior high in high school. And he was so good that I never once thought I'd be a musician. I mean, I just never even considered it. At the same time, I was really into photography and I got a job on a newspaper and I was editor of the year book in high school. And I basically lived in the dark room for three years of high school, which says something about my psychological state at the time.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  49. Yeah, so how to bring that out is the challenge of our time with an education system that is not built to do that. And of course, Waldorf Schools and there's other ways of getting kids out in nature and doing things can help. But it's a huge cultural problem.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source

  50. Do and of course, the classic it's not work if you love it. And so, and that made me curious to look for what I might want to actually love to do. And dad never said you have to be like me. Other than if you find something you love to do, be like me, whatever that happens to be.

    2020-01-07 · Invest Like the Best · Peter Buffett – Finding Your Note - [Invest Like the Best, EP.153] · IDENTIFIED FROM THE TRANSCRIPT · source