- During the annual shareholders meeting of Berkshire Hathaway On Saturday, CEO Warren Buffett was asked to share any axial life lessons and advice for young investors. His answer did not include choosing stocks or the best long -term assets. Instead, he talked about the type of people that investors should be present throughout their lives.
Berkshire Hathaway CEO Warren Buffett was asked to share any lessons in the central life and advice for young investors, and his answer did not include choosing shares or the best long -term assets.
During the conglomerate annual shareholders meeting on Saturday, he talked instead of the type of people that investors should be present throughout their lives.
“Whoever has a very important matter, and you do not expect every decision to take it properly,” said Buffett. “You will achieve your progress in the general direction of the people you are working with, which you like, which becomes your friends.”
He added: “There are people who make you want to be better than you and want to accommodate people better than you and feel better than you.”
Buffett explained that this is different from just following a person who earns a lot of money and is trying to copy what they are doing.
Instead, he said he tried to be about intelligent people who could learn from him. In addition, people must return any help provided by others.
“So, you get a set of good intentions and good behavior, and unfortunately you can get the opposite in life as well,” said Buffett.
He also urged people to search for a profession that they will do if they do not need money and beware of linking with those who “ask you to do something that you should not do.”
Buffett added that he finds that it is interesting that many workers in the investment world are getting out of work after they got a lot of money.
“You really want something you’ll get it, as you know, whether you need money,” he said.
“Keep a lot of curiosity and read a lot.”.
As for actual investment, he stressed in the past that people should not simulate what he does with Berkchire shares portfolio – despite his followers of his followers – and instead he should put their money in the S&P 500 index.
This story was originally shown on Fortune.com
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