6 Things Warren Buffett Says You Should Do With Your Money in 2015

Warren Buffett

Warren Buffett is such an investing powerhouse, it’s hard to list his credentials without making him sound like Dos Equis’ Most Interesting Man in the World: He made his first stock purchase when he was 11 and 99 percent of his $63 billion fortune after his 50th birthday. He was the lone insurance policy for Pepsi’s Billion Dollar Sweepstakes. People stand in line to get a photo with his wallet.

The Oracle of Omaha is one of the most influential businessmen in the world — and, arguably, the most frugal, a billionaire that once complained “most toys are just a pain in the neck.” As often as he’s on CNBC’s “Squawk Box” talking about holding company Berkshire Hathaway’s per-share book value, he’s urging students to stay out of credit card debt and increase their savings.

With the year winding down, we combed through all the advice Buffett has given us in 2014, from the sublime (“Price is what you pay, value is what you get”) to the ridiculous (“A bull market is like sex. It feels best just before it ends”).

The net result? Six things you should be doing with your money in 2015, from the master’s mouth.

Warren Buffett’s Best Advice for 2015

1. Put Your Estate in Index Funds

In his 2014 letter to Berkshire Hathaway shareholders, Buffett revealed his estate plan, reminding readers to keep their investments safe, low-cost and long-term. Turns out, he’s planning on leaving all of the cash for his wife in a product that’s as old, stodgy and lucrative as himself.

“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers.”

2. Stay Away From Bitcoin

Given Buffett’s almost wholesale aversion to tech, this one isn’t a surprise; the Oracle refuses to invest in what he doesn’t know, and he doesn’t know the technology sector, IBM notwithstanding. But Buffett’s problem with Bitcoin isn’t that it’s a tech investment — it’s that it’s not any kind of investment at all, because it doesn’t have value, as he explained in a March interview with CNBC.

“Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

3. Learn How to Read Financial Statements

Buffett gave this advice to Tre Grinner, a 17-year-old with Hodgkin’s Lymphoma who recently secured a Goldman Sachs internship with the help of the Make-a-Wish Foundation. Buffett surprised the intern with a call while he was being interviewed by CNBC in August, offering him this advice:

“Take all the accounting courses that you can find. Accounting is the language of business. … It’ll make it so much easier for years and years to come for reading financial statements, to get comfortable with it, because it is a language all of its own. Getting comfortable in a foreign language takes a little experience, a little study early on, but it pays off big later on.”

4. Focus on Saving, Not Getting Rich Quick

Ironically, Buffett dropped this tip when promoting his basically unwinnable billion dollar bracket challenge on the Dan Patrick Show. The sweepstakes, backed by Buffett and Quicken Loans, would award $1 billion to anyone who devised a perfect NCAA March Madness bracket. (The odds of winning were about 1 in 9.2 quintillion — you were 53 billion times more likely to win the Powerball.) Still, the Oracle’s advice was solid:

“Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”

5. When Stock Prices Drop, Buy — Don’t Sell

It was a volatile year for the market and Buffett’s wealth; the investor lost about $2 billion in the course of several days in October when Coke and IBM took a hit after their quarterly earnings reports. Buffett kept calm, though, giving several interviews in which he explained why he was a fan of bear markets. Granted, when you’ve got $63 billion to your name, this kind of a hit is lunch money. But, as the Oracle explained to CNBC, investors with itchy trigger fingers rarely succeed.

“I like buying it as it goes down, and the more it goes down, the more I like to buy. … If you told me that the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday. I don’t know how to tell what the market’s going to do. I do know how to pick out reasonable businesses to own over a long period of time.”

6. Stop Pretending to Be an Expert

“If you don’t invest in things you know, you’re just gambling,” Buffett told CNBC earlier this year. It’s advice he’s rarely strayed from, and the reason why tech, gold and airlines will never get his money (or, in the case of airlines, get his money again). As he wrote in his 2014 shareholders letter:

“You don’t need to be an expert in order to achieve satisfactory investment returns. But if you aren’t, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick ‘no.'”

Related: Warren Buffett’s Investment Trick: Stick to What You Know

Photo credit: sirenmedia

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  • Stephanie Barbaran

    I couldn’t agree more with #2!

    • Grimm

      I think #2 sounds ignorant. Referring to bitcoin as merely a method of transferring money is disingenuous at best. It is a method of transferring value, just as any other currency is.

      This would be like saying that since the USD (and all other fiat currencies) are only methods of transferring value, you shouldn’t invest in it. Or similarly, since stocks are just a method of transferring ownership (value) of a business, they shouldn’t be invested in.

      If he was just honest and said “I have no real understanding of bitcoin, so I can’t advise one way or the other”, I would find this advice a lot easier to digest, but to say that the lack of intrinsic value has any bearing on the operational value of a currency rings pretty false.

      • DaveT

        Feel free to put all your money in Bitcoin.

        • SONNY

          Where the hell did that scary picture come from????

          • DaveT

            That was from a video during a Hillary interview where she saw a rodent run in front of her. I imagine that is the way she would look if her phone rang at 3 AM. I do not know from where the lower photo came.

          • Rbo

            She saw bills penis?

  • Zazing

    Considering the amount of silver owned by Berkshire I am surprised he did not mention precious metals. Both are very low now.

    • Crapola

      Low? Are you kidding? Lower maybe but not low.

  • Ron Petty

    This is the best concise investment advice ever.

  • James D

    Easy for him to talk when he has billions! The market can crash next week the same way it did in 1929 and Buffet will still be on easy street!

    • Rian

      How did he make those billions? ^ Consider that for a minute. You might want to listen to what he has to say.

      • fireart

        He made much when he got the gov. to raise the FDIC to 250,000 from 100,000 saving his bonding companies. He is politically connected and that helps him more than his financial picks.

        • DoCo

          I am surprised you don’t write in all caps.
          What you say is idiotic

          • Carolyn Bourne

            That’s not nice, idiotic is a bad word

        • DevinDenver

          Buffet was a billionaire many times over PRIOR to that. As Buffet suggests, you really should invest in things you know nothing about.

          • LakeeshaJones

            Like marriage?

          • DevinDenver

            Sure, LaKeesha.

          • Bev

            Back on Warren Buffet please

          • Carolyn Bourne

            I agree, I getting my divorce finally and giving a party LOL

    • britain

      What you are saying makes absolutely NO sense!

    • Carolyn Bourne

      And he has given billion’s away, and ask his fellow billionaires to do the same for humanity. I guess they get money for doing that too. Wish I had that problem.

  • Steve

    When the market went down to about 6000 1) I held on to my stocks because they were fundamentally sound. 2) I had some cash free up and I out it all in all high quality banks. I bought their preferred shares which were yielding between 14 to 20 percent. I also bought Wells Fargo when they sold at 22. which is now 54 and paying decent dividend which I know will probably at least double. I get a great income stream and my portfolio increased over 300K. I was a stockbroker many years before and learn how to invest and I am a CPA. So what I did was similar to Mr Buffet.

    • Bbv

      Can you help me get into investment I’m 17 and I’m really interested

      • allannorthbeach

        Remember to always cut your suit according to your cloth and always watch out for the mongrels who will try to get you to buy worthless shares just so that they can get rid of the worthless shares that they have in their portfolio.

    • Carolyn Bourne

      wish I knew like you

    • allannorthbeach

      Don’t forget to buy some IAG over in Australia like Warren Buffett did recently or you’ll miss out on a proven licence to print money. I just bought heaps of them and want to get some more so that Warren doesn’t end up getting them all.

  • fireart

    Buy low sell high. I hope you did not pay for that.

  • fireart

    Much of Buffett’s charity goes toward abortion.

    • rodrigo guerra

      when you make billions you can do the opposite !

      • fireart

        Not being critical. Just a fact. Seems plenty escape.

      • DaveT

        Don’t forget, Buffett is managing other people’s money for the most part. His personal fortune is the result of investing in his fund personally.

    • britain

      What the hell does that have to do with anything???

      • 1Ronald

        They are demonstrating that when so-called loving parents do a religious cult to their kid that it takes on a life all its own. It takes psychological strength to break the chains of mental slavery, and making your own decisions without religious imposed guild and without relying on self-serving others who have nothing to sell but Hate and Fear. Honk if it’s holy. And if he ever returned, he would shut everyone of them down. And bar each and every loser from entering.

        • Brunski

          Religious or secular both can do a number on you!

    • truthbeknown

      We call it population control.

      • boldaq

        We call it Murder.

    • Britney Robinson

      Hey moron abortions keep the crime rate down. So unless you want to live in a even deadlier world, people who shouldn’t have kids, should have the option to do what they want. Wish I had been aborted.

      • Crapola

        What a strange thing to say.

        • Britney Robinson

          Ask any child who feels unloved from a parent, thank GOD I had a loving grandmother, otherwise I shudder to think what would have happened to me. I think I am a soul not this body. Abortion doesn’t kill your soul.

          • Maggie

            Feeling unloved isn’t an excuse…for anything. You choose how you feel, respond and look at matters. What happened yesterday is yesterday….you have today and, God willing, tomorrow. So YOU love and don’t let the actions of someone else (your mother….who obviously has issues bigger than her ability to overcome) dictate how you feel about yourself…or even wish you had been destroyed before you were born. Nobody gets any power in your life unless you give it to them. The world is yours to see, feel, enjoy and love however you CHOOSE…everything is a choice. So throw off the influence of your past and EMBRACE your future. It’s yours to do with whatever and with whomever you want. Happy life to you

          • bobbiejaneV

            What wonderful advice. And it’s all true!

          • Ron Cave

            Very well said. Britney Robinson is somebody.

          • Gloria

            You are a wonderful human being for your kind thoughts and words

          • poorvic2

            Feeling and being unloved is not an excuse – it is a reality. Look at people who have had the affection or love of parents and see how they turn out. How do you surpass something your basic emotions need in order to function properly? How do you learn to love if you’ve never experienced it?

          • Carolyn Bourne

            Bible 101 Koran, Hindu, call on somebody

          • pattijot24

            You obviously don’t know anything about a life like Britney is talking about. Children don’t know all of this you are talking about and where was that god when someone like Britney needed help.

          • britain

            Well since you’re so easy on killing babies, why don’t you just kill yourself just to show the world you mean business.

          • Ms.Hell

            Britney robinson you are a viscous worthless piece of garbage

          • britain

            LOL, spellcheck FTW. Go back to selling crack you whore.

          • Britney Robinson

            Thank you.

          • Ms.Hell

            Hey britain you are a viscous worthless creep go crawl back under your rock

          • britain

            I would crawl under there BUT YOUR BIG, FAT BURRITO EATING ASS HAS FILLED UP THE ENTIRE SPACE.

          • Britt Mcdaniel

            Simply repeating the crazy shit that the republican party drills into your head is not very smart of you. Actually the Democrat Party do not tot

          • Britt Mcdaniel

            (Sorry got cut off) …the Democrat Party do not like the idea of abortions. As a Democrat I look at both parties. The rep party has got worse and worse! I realize abortions are not good, but if one needs to be performed I want it to be safe. So please stop repeaing anything the rep party tells you to! The political parties aren`t usally supported 100 percent ever. Unless that person is brainwashed into believing one party is totally right and other is wrong.

          • boldaq

            Democrats OWN abortion just as they once owned slavery. You can’t be a Democrat presidential candidate if you’re Pro-Life. Conversely, you can’t be a Republican candidate if you’re Pro-Abortion. Democrats work to fund Plan Hood. Republicans work to DEFUND Plan Hood! Get it??

          • Davvvvvv

            God loves Ya. If you accept Jesus Christ as Substitution for the debt of your sins you can be born again with a relationship of peace with God, sealed to Heaven, just follow after the Holy Spirit and CHRIST Risen.

          • Britney Robinson

            Thanks for assuming, I already believe in God.

          • poorvic2

            Oh please spare us the god drivel.

          • poorvic2

            Well said. My parents lived in Africa when i was young, but sent me to a British boarding school, halfway round the world in those days (1956) when i was 5!! I saw them once a year for a month. While in school i was regularly beaten and humiliated and used to weep for my parents. I grew up without any emotional attachments to anyone and as a result suffer from chronic depression and cannot survive without medications. My parents should never have been allowed to have sex. Stupid couple

          • boldaq

            Stupid son.

          • boldaq

            Abortion kills everyone’s soul just as slavery once did. It’s the big elephant in the room nobody wants to talk about. The Presidency hinges on abortion yet most politicians won’t even talk about it. Meanwhile, abortion has advanced to partial-birth abortion and selling body parts. It’s human depravity.

      • Ms.Hell

        Britney Robinson – my dear I’m so sorry that you feel this way about yourself. Childhood is something we survive & as you know it can be very damaging. I sincerely wish good things for you in your life – I wish I could send you a big bundle of love & happiness because you deserve it.

      • boldaq

        Abortion kills children.

        • allannorthbeach

          Abortion is a very strange name indeed for someone who kills children. What’s his/her middle name and surname?

          • boldaq

            Warren Hern for one.

      • Bev

        Very sad

      • Carolyn Bourne

        No you don’t, God loves you You are young sweetie, at a tough time. Hang on in there

    • Perri

      How does it go towards abortion? So far as I know, there are no companies selling them.

      • boldaq

        Get in on the ground floor. Plan Hood is now selling body parts of partial birth
        abortion victims.

  • JK Wood

    It takes 2 things to make money by gambling: money and courage.

  • CryptoReporter

    Lets see where Buffet invests based on last months reporting… American Express, Bank of NY Mellon Corp, Goldman Sachs, Mastercard, M&T Bank Corp, US Bancorp, VISA, Wells Fargo & Co.

    Buffet invests with five banks and the top three credit card services. Bitcoin is superior at money transfers, banking with zero fees, and reduces fraud purchases because of zero chargebacks. His holdings make for an obvious reason why he is against investing into bitcoin as bitcoin becomes a direct and superior competitor to his current assets.

    If you are adept at money management I would definitely recommend taking control of your own money by learning and using bitcoin. No more bank fees, no more credit card interest rates, etc. I know for a fact most all execs that work for VISA fly first class (all around the world too). That means they are doing off of your dime. Why dont you get out of your rocking chair, take control your own money and move up to first class yourself?

    • Electr_Engr

      You really don’t understand investing and markets. The reason he buys into these company’s is exactly for the reason you argue against. They make money from fees and pass it on as dividends and price appreciation. You also apparently know nothing about flying first class. The measly amount you would save on the fee differential wouldn’t pay for an extra bag on a flight.

    • britain

      You are a retard.

    • Prudence

      Can’t wait for the bit coin to collapse. It is backed by absolutely nothing. Sure, our fiot currencies are not backed by that much either, but it is way more than the bit coin. The bit coin will collapse sometime in the near future; it is inevitable. And I will laugh at all you smug people who think it is the greatest thing ever. Sometime in the future its value will drop to ZERO overnight. Mark my word.

  • joann

    At age of 63 and retired the key is not to have credit card and plus student college debts. Focus on Saving plan. My wife and I were able to pay off 15,000 credit card debt pay off my car because of my retirement buy out. If I had saving plan could have roll-over 48000.oo dolllars to investment and not have a tax problem. Lastly, hoping my kid take over student debt. We took a trip to the West coast and Vegas, this time we pay cash in 30 days.

  • britain

    The guy really left out one thing–do the opposite of whatever the masses are doing.

  • Silver Savior

    When Lehman went down I took what was left of my IRA and ran. I can not handle junk like that.

  • horseman

    Bitcoin is like a casino. Just like gopro. Easy to duplicate and trading for ridiculous valuations. Buffets wealth is not relevant to fundamental investing principles. $2 billion loss is 10 percent of his wealth. If you have $50000 and lose $2000 it is same effect on your wealth. Don’t invest in long term investments like stocks if you don’t have a long term goal. Plain and simple.

    • Crapola

      2000 is not 10% of 50,000. I must have missed something.

  • LIsten Up

    It seems to me that one sure can play around dangerously with their money, when they have bags of it. But for a regular guy like me, I have to be very, very frugal in all I do with my money. One thing I hold with is never have credit cards. They are the root of all evil. They will corrupt, bankrupt and throw you into debt as sure as day follows night. My motto is simply this… you don’t spend what you don’t have. Just look at the debt of families that live high on the hog. They are indeed victims of their own circumstance. Don’t place or get yourself in this particular predicament. Use common sense and your other cents will do just fine.

    • Bill

      Abortion is the last stop of a tragic journey ….We are a nation of laws and until we either plunge into anarchy or ban abortion it will remain as it is,the horrible end to a set of circumstances that by grace alone we do not face.

      • MLL

        How do you fit all of your adopted children in your house?

  • I am trying to get GEICO, a BH subsidiary, to pay me owed benefits from me becoming totally permanently disabled while working full time for them. I have certain benefits that are supposed to pay until I turn 65 (and one allows for my “years” in with the company continue to accumulate while I’m totally permanently disabled – so that when I do turn 65, I will have those years included in the calculation for my retirement). I feel if Mr. Buffett could just be apprised of the situation, he could direct GEICO to reinstate my earned benefits as they should never have been taken away. I hope someone reading this can help me. My name is Kristin Lee and I worked for GEICO in the Macon, GA office in the IT department. I currently am receiving disability benefit payments from CIGNA (who we had as our disability carrier) – – and am STILL WAITING for Social Security to come through (applied in 2012). The additional benefits that were stopped include the employee-rated health insurance (its costing me an additional $300 a month since this benefit was stopped), along with the future benefit of my retirement among other things. Attorneys do not want to get involved because hey, its GEICO and they have hundreds of lawyers on staff. I would greatly appreciate ANY HELP.

  • guest

    read number 6 again…..Buffet isn’t pretendng, he is the real deal; all of us on the otehr hand …. not so much

  • fred

    Share markets what a joke. Designed by the rich to take from the poor. A rich person can buy even the worst share and when he does, every want to be rich person watching the market dives in head first. While there diving in he is already pulling out. A smart person collects money and never lets someone else manage there money. Get rid of your depts, all of them!. Live simple and use less than what you earn and make your money work for you. Cash talks and you will be surprised how much cheaper items can be bought when you wave cash under someones nose. (KISS) Keep it simple stupid, is what i follow. No stress in life, no money problems and no worries.

    • Catori Shadi

      Fred. I assume you are a product of the public school system.

    • Brunski

      Most of today’s rich started with nothing.

      • Duane A. Fisher

        I started with nothing, and still have most of it left.

        • King Swahilli

          I, like most people my age, are 52.

  • fred

    One more thing while im here! people like Buffett feed of people like you and I. With out any ones in-put into any of the money making schemes (shares, bonds etc etc) people like him start to collapse. Another thing I have just read that annoys the crap out of me is that he supports abortion?? Whats that about? Is he after some political browny points from the public? He really needs to “man up” and focus on better education to the masses on better use of personal protection (condoms, birth control use) rather than killing more unwanted babies by people that choose not to use common sense while having sex without the use of (readily available) protection. Im not against abortion im against lack of education and giving the poor contraceptives for free or at cost. Id rather see people like him spend a billion on birth control and condoms and hand them out for free than knocking of unwanted children which is not a positive thing for any young lady and partner to have to deal with in life. I wish some people would wake up to them selves and focus on the right solution to minimise problems.

  • skip

    bond prices drop when interest rates rise. A recent study proves it takes three years for them to see a positive return. Stocks with dividends make sense, if the company is a consumer monopoly like Coca-Cola. If you can’t get over 3 per cent in a dividend (with projected stock prices increases) you might as well just put get 2 per cent on a bank CD. If you choose individual stocks, only chose three or four.
    Put everything else in an index.

  • PELLE

    No 1 is the best advise, simple and strait forward. Contribute regularly as much as you can.
    I have done this for the last 30 years and even with the dip 2008 I have earned a healthy return and looking forward
    to a nice retirement.

  • Tyler Lamers

    What
    if i told you that you could make easy cash sitting on your butt
    doing nothing? literally nothing. See i was like you at one time
    broke, behind on my bills, couldn’t afford to take my wife out to
    dinner. I was struggling with a minimum wage job making crap for
    money. Until one day i was absolutely disgusted with how my life was
    going, So i set off in search for a way to get what i deserved in
    life. Checked out every little thing i could to get money. Donated
    plasma. collect scrap metal. But it still wasnt enough i wanted more,
    Not even wanted needed more so i Start searching the web for easy
    ways to make cash online cause i was sick of breaking my back, Time
    Goes By and i am starting to realize something… there all scams
    just out to get your money i lost over $200 too them low lifes are
    Not in it for your best interest. i thought i struck out at life. i
    was just ready to call it quits, give up live a normal life like
    everyone else i know. Until i came acrossed something that changed my
    life for ever and its a program Called “Mobile App Maker” I
    know it sounds strange but let me explain. This Program creates apps
    and you can earn money off of them, its that easy! This program is
    life changing. This program is constantly making money, night and
    day! Youll make over $2,000 a week! thats $8,000 a month! SO DONT
    WASTE ANYTIME GUYS CONTACT ME ASAP!! Email me i will respond as soon
    as i can.

    • Samael

      That’s point number 4:
      4. Focus on Saving, Not Getting Rich Quick

      I am a mobile developer, and I can say this with confidence, No thank you!

    • Pronounce

      “When promised quick profits, respond with a quick ‘no.’”

      No.

    • andrewc3323

      I retired at 55 put my coin in Vanguard I bet Buffett will love me more than a minority baby and to you Tyler a quick “NO”

  • Tyler Lamers
  • Linda

    Britney, I ‘m so sorry for your pain. I wish you were my daughter.

  • Willie Jackson

    Warren Buffet is the bigot who sold a Savings and Loan rather than make loans to (his words) “Spics, Wops and Niggers”.
    The man is a bigot, plain and simple.

    • Just Sayin

      Maybe so, but based on his track record his advice was good.

    • Patricia Esposito

      You would have to prove that statement, Warren Buffet would never say that.

    • Brunski

      Willie, are you a black person?

  • jmahajan

    As Alexia Vernon, founder of Influencer Academy, would
    say, “the best advice is to keep it simple and tell your truth”.
    Buffets tip #4 seems like a given but it’s easier said than done – Focus on Saving, Not Getting Rich Quick. Definitely a philosophy that I plan on adopting for years to come.

  • Believe in America

    Save, invest, no debt, learn, work hard. I did and retired last year at 59. It works. Debt will eat you alive. You can’t save money when you’re paying interest, very simple. Dave Ramsey has the best program out there for those drowning in debt.

    • Brunski

      I am in way more debt now than 10 years ago. But I got a business idea:) This is why I love America, opportunity keeps on coming.

  • Matty

    THIS RESPONSE IS FOR MERCER BEAR I Read the entire story, and I feel for you,
    it happen to me as well also they cheat me on long term disability when I chose
    75% the paper that I mark had a black carbon and circle the page bellow at 50%
    we went back and fort for very long time they insisted that I chose 50% of all
    the years that I had

    75 % then my disability was denied for the first two years even dough I had
    a lawyer present, because I lost my disability my job said if I do not get
    approved within two years and six months I lose my pension from my job I began
    to file again my disability and a different lawyer told me to sit tide because
    it will take 2 more years.

    and finally after two years I received my disability plus the two previous
    years I went back to the co,. and I was told that even dough social security went
    back 4 years it’s not on their manual therefore I do not qualify for the pension
    many years went by I still have all the books and paper work if I find a lawyer
    like a father to me I will bring them to court. As you can see you’re not the
    only one.

    my suggestion to you is if you have so much knowledge why can you prepare all
    the documents go to court and be your own lawyer let the judges know that no
    lawyer wants to help you the same way that the guy who invented the slow moving
    window shield went to ford manufacture thrust them with patent they stole the
    patent lying to the guy that no longer had the patent and they were not going to
    used his patent because it was worthless, one day him and his family they were
    driving and sow the window shield on the new cars, he went back to ford and told
    them that he needs to get paid and ford said no we owe you nothing he was upset
    went to his family they talk among them his wife left him she did not want him
    to go after ford it was to much for her and so his children no lawyer want to
    take his case because the size of ford co. he decide to go to court and present
    the case him self then by the time that the case was ready to be heard the kids
    got big went back to the father help him with all the paper work, and went to
    the court with father after days of representing him self and told the judge
    that no lawyer will take his case because ford, after all the explanation in
    court for days, the judge award him millions by the time he was very old but he
    won his own case.

    my question to you is one if you have al this degree why can you
    represent yourself? I would if I was you.

    I hope that this was a help to you how to proceed
    apologize on my English it’s 2 am

  • Tic

    He doesn’t mention gold and silver because he and his buddies are gobbling it all up. As for Savings, be careful. His government can shut the banks down and take it all. Old man better realize he can’t take it with him where he is going.

  • Kelly Phillips

    When promised quick profits,… respond with a quick ” No’
    Words to live by

    • Kaare Bye

      I came to USA 1 May 1957 with 2 dollar in my pocket,and it made me humble, with alot of prtayer I lenet to work 16 hour a day,bought my first new house for 1.50 an hour, it cost me $ 9000. RAISED 6 CHILDREN IN THAT HOME, WAS A SEC TO THE bISHOP, HE TOLD M TO GO AND WORK EXTRA HOURS, i DID, SOON WE BOUGHT OUR SECOND HOME FOR 62000 DOLLARS, OUR CHILD GROW UP, WE PAID THE HOUSE OTT, mY WIFES FATHER AND MOTHER DIED, AND WE INHERITED THEIR HOME, IT IS WORD 1.MILLION TO DAY 3 ACRES. That I call for a blessing, I am active in the Church of Latter[day Saints since 1956…It pays to pay your titing and welfare money to the Bishop,Pastor or Rev!! do the same to all of you. O live at 2212 East Satate Road 35 Woodland,Utah God bless you all likewise, Ps)m I always paid my tithing.Amen.

      • sandra schmidt

        Good job!

  • Shanequa Habeeb Goldberg

    Buy low, sell high…

  • Shanequa Habeeb Goldberg

    Thank goodness this administration encourages saving with the focus on interest on savings.

  • ladybug

    He buys companies and lays off hard working single parents barely scraping by on nearly minimum wage. He has so much his view is blinded by money. Warren Buffett does not impress me.

  • michelle

    bought into Wholefoods thinking that the public was willing to pay for better, nutrition. I was wrong. I bought at 53 and it has not made any progress, on the nutritional market is now being driven by Walmart!

  • jim

    Buffet like all rich people made their money stealing from the little guys. They are all parasites of humanity.

  • Chetty1

    They forgot to list Buffet’s A-1 tip… Be buddies with the dear leader and he will keep your trains rolling carrying the Canadian Crude.

  • NFPCPA

    I like his recommendation to learn all you can about accounting and investments. The information is out there for you to learn, but you have to make the effort. If you are hesitant, start with an IRA when you are young and keep contributing to it faithfully. I hear people complain about ” Wall Street” all the time, but the truth is they want a fortune given to them and have not made an effort to invest and get involved. Sour grapes when you are old and still poor make a terrible meal!

  • hathraswallah

    Very sound advice , and it will save you lots of headache and calls from brokers etc.

  • Subramaniam Balaraman

    Oh ! stock market is simple . Buy when prices are low and sell when they are high to make your profit . ( If you are a stock broker advice your clients otherway to creat the market for you )

  • Olga Kaufman

    If I have to take financial advise from Lady Gaga, then I know I’m doomed. The same goes for 50 cents…my God…we’re glorifying ignorance with money. Really?

  • Steve

    Just put 20-year money in the s&p 500 and spend only the dividends in the meantime. Zero to five-year money goes into cash. It’s the 5-15 year money that’s hard to judge. I’d split it 50:50 between cash and s&p.

  • the unknown soldier

    Warren Buffet how come you I never ever donate any thing to VETERANS MEDICAL CENTERS HOPEFULLY YOU READ THIS RICH MAN

  • the unknown soldier

    How come WARREN BUFFET I NEVER EVER HEARD YOU DONATE ANY MONEY TO VETERANS TO IMPROVE HEALTHCARE

  • kumudu william

    I financial problem. i owe1 million if you can help me please below my account no 001-776848-040 (hsbc) kumudu william

  • Mike Corless

    There is only one rule to investing in stocks long term. The market ALWAYS comes back.

  • Bev

    Let’s get back on the subject please, Warren Buffet, remember

  • Frank Lapore

    EASY FOR HIM TO SAY HE IS AN ORACLE

  • Richardfrance2568

    Warren Buffet, is True to his word. Discipline of paying yourself first, 10% of Your Take Home Pay. Will make you as Wealthy as him. Do start early, but be faithful. Buy when people have to sell. Sell, when everyone is wanting to join in and buy. Be satisfied with a Internal Rate if Return (8% IRR). Over a 10 year plus period. God bless. Good luck.

  • Devika Rani

    Mr. Buffet what is the prediction for India for 2016. How do single women with no alimony survive in an investment market. Mutual funds got hacked as an investment return and got conned online. Land investment was in a different state so lost track because of a migratory job. Just think of India while you advice.

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