In a recent interview, Warren Buffett shared a look at the mindset and discipline behind his approach to unlocking long-term value.

Buffett, the chairman of Berkshire Hathaway Inc. (NYSE:BRK), once posed an intriguing question to college students. He challenged them to envision a situation where they could earn 10% of the lifetime earnings of five of their peers and to ponder who they would select.

The Oracle of Omaha clarified that the selected individuals wouldn’t necessarily be the most good-looking, smart, or physically fit.

Instead, he underscored that anyone could be among the top earners. “There is nothing impossible. Because it isn’t whether you can throw a football 60 yards, and it isn’t the one with the highest IQ. You can be one of the five,” Buffett stated during the interview with CNBC.

Buffett further emphasized the role of luck, the significance of being a good person, the habit of reading extensively, and the practice of spending less than one’s income. He cautioned against the perils of debt and highlighted the importance of hard work and self-improvement.

Buffett’s insights are highly valued in the investment world, and his unique perspective on success and potential could provide valuable guidance for young professionals and aspiring investors.

His emphasis on character, hard work, and financial discipline, rather than physical attributes or intelligence, offers a fresh perspective on success.