As Business Insider reports, Buffett took Suh on as a protégé 15 years ago, helping the Super Bowl champ become one of the NFL’s greatest super investors.
In addition to his real estate holdings as a partner in HMS Development, Suh is involved in diverse industries including hospitality and restaurants like Pizzanna. He’s also becoming a financial guru in his own right, thanks to his No Free Lunch podcast.
To this day, Suh told Business Insider he talks with Warren Buffett at least once a quarter about his investments. But it wasn’t so much knowledge about stock valuations and P/E ratios that stuck out as Buffett’s biggest pieces of advice.
Instead, Suh said two seemingly simple life lessons from Buffett have made him much better with his finances.
Only the long game pays
For anyone who followed Buffett’s investing style, it shouldn’t be too shocking that he put a huge emphasis on patience when advising Suh. Berkshire Hathaway constantly talks about letting time do the heavy lifting with its investments, telling investors, “We think in decades, act with discipline, and uphold our commitments.”
Buffett’s long-term mindset — combined with his focus on companies he understands and feels are undervalued — has certainly delivered results for Berkshire Hathaway shareholders. Between 1995 and 2026, Berkshire’s Class A share rose from $24,600 to about $758,300 (or a roughly 2,982% gain).
But it’s not enough to just stick it out with high-conviction stock picks through volatile swings. Suh said Buffett’s second critical recommendation is to surround yourself with knowledgeable, genuine friends.
As Suh told Business Insider, “If you can learn to have patience and stick to quality people and identifying that, those two things will serve you right.”
And Suh admitted he didn’t always learn these lessons the easy way. For instance, Suh recounted feeling an intense need to jump into the media space when he heard about NBA star LeBron James’ Uninterrupted company. Rushing into this venture without the proper planning and guidance led to “some terrible investments,” in Suh’s words.
Fighting today’s ‘financial FOMO’
It makes sense that developing patience and networking with high-quality friends are solid foundations for our finances. In practice, however, the “fear of missing out” (FOMO) seems to be creeping into more people’s financial decisions.
