Warren Buffett has this advice for young investors—and it has nothing to do with where they should put their money
- The annual meeting of the annual shareholders of Hathaway in Berkshire On Saturday, General Director Warren Buffett asked to share key life lessons and advice for young investors. His answer is not to assume a stock selection or best long-term assets. Instead, he spoke about what people should be investors in their lives.
Berkshire Hathaway CEO Warren Buffett is asked to share all the lessons and advice of young investors, and his answer is not to assume a stock choice or the best long-term assets.
At the annual collection of conglomerate on Saturday, he spoke about what people should be investors in their lives.
“Who are you connected with, is just a huge important thing, and don’t expect you to make every decision eventually,” Buffett said. “You are going to make progress in your life in the general direction of people you work with you admire your friends.”
He added:
It’s different than just following someone who earns a lot of money and tries to copy what they do, the buffet explained.
Instead, he said he tried to be around smart people, from which he can learn. In addition, people need to return to any usefulness that others offer them, he added.
“So you get good intentions and good behavior, and, unfortunately, you can reverse that life too,” Buffett said.
He also urged people to search for a profession that would do if they did not need their money and beware that “you say you shouldn’t do it.”
Buffett added that it considers it interesting that many employees are leaving the business since they earn a lot of money.
“You really want something you stick to, you know if money should be,” he said.
Answering a separate question of the young investor who asked what to do, Buffett was hired one day, Buffett answered. “Read very curiosity.”
As for actual investments, he has retained that people should not imitate what he does with the Berkshire Stock portfolio, despite his legion, and instead he needs to put their money in the S & P 500 index fund.
This story was originally shown Fortune.com
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