Tuesday, January 19, 2021

Warren Buffett advised NFL linesman Ndamukong Suh to be ready to buy when bargains appear

 Warren Buffett underscored the importance of being ready to pounce when he spoke to NFL linesman Ndamukong Suh a few weeks ago.


The billionaire investor and Berkshire Hathaway CEO wasn't talking about sacking quarterbacks or timing tackles on the football field, however. He was advising Suh to look out for bargains in the business world, and keep some money on hand to snap them up.

Suh first met Buffett as a senior at the University of Nebraska more than a decade ago. The Berkshire chief became his mentor, and Suh seeks his advice a few times a year as he prepares to focus on investing once he retires from football.

For example, Suh signed with the Los Angeles Rams in 2018 in part because of Buffett. California's hefty taxes were offset by the "intrinsic value" of its cities, the investor told him.

Indeed, Suh was able to connect with basketball icon-turned-businessman Magic Johnson and sports-team investor Peter Guber while living in the state.

Meanwhile, Buffett appreciates Suh's business acumen and the comedic value of their dramatically different statures.

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