A few weeks ago Warren Buffett shared some advice with MBA students at the Richard Ivey School of Business. We looked over a copy of the meeting notes from Market Folly.Here’s the moment when Buffett realised he could get rich:
- On my honeymoon I traveled out west. When I visited the casino and saw all these smart well-dressed people participating in a game with the odds against them, it was then that I realised I won’t have a problem getting rich!
He said there are plenty of opportunities today:
- Nowadays there are even more opportunities, we are living in a wealthier society, just think of the great development we had the last couple of decades.
- The luckiest person in the world is the baby born in US today, than any other time.
- The internet is a magnificent resource and it’s free. I love my personal jet, but I would give it up first before I gave away access to internet.
- Think and measure your life versus the life your parents had. The world is no way a zero-sum game.
- There is a lot more opportunities today than it was many years ago, and young people today will have a lot more opportunities than young people yesterday.
Buffett also told the students why he would never live in New York City.
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