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A-Rod is like Warren Buffett when it comes to investing in what you know

Since Alex “A-Rod” Rodriguez retired from baseball last August, he has been busy following one of Warren Buffett’s adages: Invest in what you know.

“I basically lived in a gym for the last 30 years,” he recently told Fortune to explain why his company, ARod Corp., invests in fitness centers. “I like the fitness business because it’s asset-light. It generates great cash flow.” His company recently bought the rights to build UFC Gyms in South Florida, he added.

Rodriguez has found success in several off-the-field endeavors, and it seems that everything he’s done has been praised.

He worked as a commentator for Fox Sports during the 2016 playoffs.

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