From baseball to business, there is nothing Alex Rodriguez can’t do. After one of the most successful careers in MLB, Rodriguez traded his bat for a pen and has never looked back. Founder and CEO of A-Rod Corp as well as part owner of the Minnesota Timberwolves, the former New York Yankees player now has a net worth in millions.

Coming from humble beginnings, Rodriguez has always understood the value of money. And seeing many athletes failing at cracking the code to being a businessman, he set out in search of mentors. One of them was billionaire Warren Buffett, with whom he still has a good relationship. Guidance has always been an important part of life as a businessman for A-Rod. And recently, he shared some of what Buffett has taught him over the years.

Alex Rodriguez shares pearls of wisdom from Warren Buffett

The 92-year-old investor has led a long life of success, though of course failure has been a big part of it too. Any businessman worth his salt knows that risk is what drives a company, but instincts are also important. Talking about the advice Buffett gave him, A-Rod told Harry Stebbings in an interview, “I’ve had an opportunity, more than a handful of times, to sit down with him and spend 5-6 hours in a day where he’s literally going over all my books, looking over the real estate, and just really giving me feedback.”

Berkshire Hathaway’s CEO is a master of his field; just like Mozart or Michael Jackson are associated with music, so are Warren Buffett and business magnate synonymous. Or, like Rodriguez says, Picasso or Leonardo da Vinci with art.

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“And it’s like having Da Vinci helping you paint, or Picasso or something. I think I learned from Warren a few things. He always talks about sticking to your circle of competence. He always talks about ‘buy the best and forget the rest’. The saying that he says is, ‘I’m better off buying a great business for a fair price than a fair business for a great price.’ And that’s been true so far in my career,” he said.

Buffett once bet on A-Rod but it had nothing to do with business

As a young talent the likes of which MLB had never seen before, Rodriguez left most people in awe. Then, he made a mistake that later affected his reputation as well as his career. Even today, A-Rod regrets his PED usage that caused him to miss an entire season due to the longest MLB suspension at the time. Maybe if he had played that season, his home run record would have said more than 696.

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Make no mistake, the former Yankee still stands at number 5 in the career HR list, but Buffett once bet that he would break the record one day. Back then, Barry Bonds stood at the top with 762 and as of 2023, he’s still there. Buffett’s bet on his mentee never ended up coming to fruition.