Ending Soon! Save 33% on All Access

Alex Rodriguez Said That This Is the Best Advice His 'Mentor' Warren Buffett Ever Gave Him According to a recent interview, the former player and current baseball broadcaster owes Buffett a bit of a thank you.

By Bob Bryan

This story originally appeared on Business Insider

Kent Sievers | Shutterstock.com
Warren Buffett

Alex Rodriguez, the former Major League Baseball All-star, said he owes a few debts to legendary investor Warren Buffett in a new Vanity Fair profile.

According to a new piece on Rodriguez and Jennifer Lopez, the former player and current baseball broadcaster not only owes Buffett a bit of a financial thank you, but also a thank you for some life advice.

Rodriguez and the man known as the "Oracle of Omaha" first met, according to Vanity Fair, when Buffett's Berkshire Hathaway underwrote disability insurance for a 10-year, $252 million contract between the Texas Rangers and Rodriguez.

The men struck up a friendship after Rodriguez sent the legendary investor a note thanking him for underwriting the deal. According to Vanity Fair, Buffett has been a "mentor" for Rodriguez and offered him both financial and personal advice.

Buffett told Vanity Fair's Bethany McLean that Rodriguez has a "money mind" and knows how to handle business "instinctively."

"A-Rod would have done very well in business if he had never seen a baseball," Buffett said.

Rodriguez said that Buffett gave him a few pieces of advice that have stuck with him. On the business side, A-Rod said that Buffett taught him to never personally guarantee any debt and to never hold too much cash, but rather put "your money in great businesses."

On the personal side, Rodriguez said that the investor's advice was even more simple.

"Warren said, "Go ahead, but you won't need it. Number one: Be the best baseball player you can be. Number two: Always be a gentleman. Be the best guy you can be'," Rodriguez told Vanity Fair. "That was simple, but it was so genius."

Read the full profile at Vanity Fair.

Bob Bryan

Reporter

Bob Bryan is a markets reporter for Business Insider. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Travel

Save on Business Travel for Life This Memorial Day with an $80 Deal

OneAir Elite uses AI to search the web around the clock for flight deals.

Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

Devices

Keep Business Private with a Second Phone Number for $20

Hushed offers users a virtual number that can take calls and messages privately from their personal number.