PFBlog logo

Reasoned Investing

Long term investing advice, focusing on the reasoned steps everyone can take to invest in their future.

  Channel Home | Articles (3) | Funny (1) | Investing Psychology (2) | Jim Cramer's Mad Money (83) | Links (98) | Long Term Stocks (4) | Market Gurus (9) | Mutual Funds (5) | Other (3) | Portfolios (1) | Real Estate (4) | Resources (3) | Stock Screens (1) | Thoughts (6) | Warren Buffett (3) | Contact Me
null

Another Meeting With Warren Buffett - Tuck Investment Club

Came across another Warren Buffett visit summary. This time the Tuck Investment Club paid the Oracle of Omaha a visit. In my mind, the most noteable takeaway from this visit was this advice he gave to the students on success:

    Buffett's Introductory Speech (paraphrased): If there's one thing that you leave here with today, it should be this: And I'll start with a question to get to my point. If you could pick 10% of one person in this room to own or 'go long' for the next 30 years, who would it be? It wouldn't be the person with the highest IQ; it wouldn't be the star athlete; you would look for certain other qualities And if you had to pick one person to 'short' for the next 30 years, who would it be? Now ask yourself why you have made those selections. If you've considered these questions properly, the person you've gone long is probably someone who is honest, courageous, and dependable; the person you've shorted is probably someone who is egotistical and likes to take the credit. The point is that success is mostly dependent upon elective qualities, not anything with which you are born. You can choose to be dependable or not. And it's not easy to change, so choose correctly now. Bertrand Russell once said, "The chains of habit are too light to be felt until they're too heavy to be broken." So ask yourself, "Who do I want to be?" At the end of this process you should determine that the person you want to buy is yourself. You all are holding winning tickets.
What do you think of this post? Be the first to share your opinions.

Enjoy the latest personal finance news and commentary at PFBlog Network.
Similar Posts

Warren Buffett - Notes from the Berkshire Hathaway Annual Meeting (June 10, 2005)
Finally catching up on my backlog of Warren Buffett material: Matt Stichnoth at Tom Brown's Bankstocks.com has thrown his notes from the Berkshire Hathaway April 30, 2005 annual meeting up on the internet. Buffett spends an incredible amount of time reading. I've read that up ... Read
Buffett Meets with University of Chicago GSB Students (June 05, 2005)
To continue with what has become somewhat of a visits with Warren Buffett series today we've got the University of Chicago Graduate School of Business meeting with Warren Buffett. Andrew Van Fossen writes the story for the GSB News. Here's an excerpt: 'To further describe ... Read
Meeting With Warren Buffett (May 31, 2005)
Came across a nice little summary of a University of Maryland class trip to visit Warren Buffett. The following is an excerpt: What are WBs views on 401(k) plans? WB recommends 401(k) plans because of matching funds from employers and tax benefits. He recommends buying ... Read

Read all 9 articles in the same category.
Comments

Mail This Post
Email addresses will never be collected or sold.
Email this entry to:

Your email address:

Message (optional):



Read More ... All Other Posts In The Same Category

PREMIUM SPONSORS

Payday Loan
Personal Loan
Homeowner Loans UK
Commercial Mortgages and Business Loans
UK Used Car Loans
Mortgage Refinancing
Student Loan Consolidation.com
Secured Homeowner Loans
Bad Credit Loans - Free Quote
Gold Coins


SITE REVIEWS

Secured Loan UK
UK Home Loans


Google
Web PFBlog

WHAT I READ

Wall Street Journal

PFBlog

The Kirk Report

Nevblog.com

MAKE A DONATION

POWERED BY

Join the world's largest Web Host! Movable Type 2.64