Youngsters wanting to make blizzards of money got valuable advice from financier Warren Buffett who was visiting his local Dairy Queen for the launch of the new Girl Scouts Thin Mint Blizzard. Surrounded by a group of Girl Scouts in his hometown of Omaha, Buffett offered this tip for college students: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high on credit cards. Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent, I’d be broke. . . . So if I had one piece of advice for young people generally it would be to just avoid credit cards,” he said. And what advice does Buffett have for a new investor? “I would do a lot of reading before I invested,” he replied. “In other words I would prepare for it. I wouldn’t jump in the water until I know how to swim. . . .I read every book the Omaha Public Library had about investing by the time I was 11.” On qualities Buffett looks for in employees? “The biggest thing I look for is if they have a passion for whatever they are going to do,” he said.
Warren Buffett Gives Advice to Girl Scouts at Dairy Queen
May 14, 2010 By 25 Comments
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@nikanj ….. looks like WB is betting on sheeple not adhering to his good advice…..sometimes wisdom does fall on deaf ears and many will have to learn the hard way. Peace & happiness to u all.
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yeah so lucky to meet like the richest man on the planet
he can’t eat his ice cream !!! damn girls ! let man have his ice cream !
I wonder if those are the same glasses he wore when he was eleven in the library when he was reading those books to make money
Avoid credit cards. Good advice from a man whose company is the largest shareholder of AXP.
Give me some more BULL, please!
Wall Street is a fraud.
The dollar is fiat and done.
Goldman, JPM, CIT: thieves and frauds.
Govt economic data: a fraud.
Comex and The Federal Reserve: frauds
Naked gold/silver short contracts: frauds
Bernanke, Geitner, Paulson, Roubini: frauds
Cnbc pundits and Cramer, don’t beliveive these frauds.
Don’t get screwed folks, stay away from this scum.
Stick to owning physical gold and silver bullion.
Guess what happens when the music stops?
Be save.
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these girls are very lucky. getting all these pearls of wisdom. what a guy he is…
i take it you aren’t a responsible cocaine addict?
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credit cards are like cocaine man…stay away…i don’t even open them envelopes…just shred them….what’s the old sayin, bad things come in the mailbox, good things come in person? i could be wrong.
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I would be rocking a boner if i sat next to hot 16 year old girl scouts =DDDD
donostacy, dude your retarded
To the left of Warren Buffett – ITT
Warren Buffett is a great man.
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This was a cute interview.
“haha…he got a stake in amex ”
IIRC Amex doesn’t have that much credit risk as other companies because it’s doesn’t give out that much loans on their credit cards.
‘poor guy’ isnt really good choice of words
But i agree though.
That must makes him honest. Credit cards are great, but it is not for everybody. However, they make money off the irresponsible.
Poor guy, let him eat! Warren is fucking great.
g e n i u s
I wish more people would listen to this common sense advise. There is no such thing as get rich quick. Maybe more people wouldn’t be in the situation they’re in if they took the time to get some common sense and think before they act. You’ll never get taken advantage of by a greedy lender or financial advisor if you take the time to understand economics, finance, and investing. You should strive to attain such a level of knowledge you no longer have to ask for others advise, you knw the answer.
he owns dairy queen so he technically paid for it