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What Warren Buffett taught Alex Rodriguez about investing

In this article:
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Former MLB Superstar Alex Rodriguez joins 'Influencers with Andy Serwer' to discuss his relationship with Warren Buffett.

Video Transcript

- I got to ask you about Warren Buffett. OK, come. On you spent some time with the Oracle. Tell us about how you met him and your experiences with him.

ALEX RODRIGUEZ: Yeah, I met him over 20 years ago. Funny story is Warren is just a gigantic baseball fan and one of his favorites, he always talked about Ted Williams and the art of hitting and the discipline of hitting. As you know, that was one of his favorite books early on. And he takes investing just like Ted Williams talked about discipline at the plate. Stay away from the edges. When you get a fat pitch to hit, don't go for a single or double but hit a grand slam, not even a home run.

But Warren and I met through, believe it or not, he was insuring my contract with the Texas Rangers. And when I heard that story, I got really excited. I cold called his office, got Debbie who's his longtime assistant, as you know. And I mean, just like Warren Buffett, he invited me down to Omaha.

And that started a streak of about half a dozen years where I would go every year and visit with him. We would meet for two or three hours at his office and then we'd go and have a couple hour dinner and have a steak. And because he was insuring me, he would always like touch my biceps and go, you better be ready to go this year. I'm insuring you. I don't want to lose any of my money. And I made sure that his investment was good with me. And at the end of every dinner he always made me drink one of the big ice cream sundaes, which we had a lot of fun doing.

- Oh yeah. I mean, you know we're not going to talk about his diet. But on the other hand, he's got longevity so I'm not going to argue with it, so Berkshire shareholder, can I ask? Do you ever go to the meetings?

ALEX RODRIGUEZ: I've gone through several meetings. I really, really enjoy listening to him and Charlie Munger. And the fact they can sit out there for hours and hours and just answer every question at their age, is fascinating. But absolutely a big fan of Berkshire and been a shareholder for a really long time.