“I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing--some twice. You need to fill your mind with various competing thoughts and decide which make sense. Then you have to jump in the water--take a small amount of money and do it yourself. Investing on paper is like reading a romance novel versus doing something else. [Laughter] You'll soon find out whether you like it. The earlier you start, the better.
At age 19, I read a book [The Intelligent Investor by Benjamin Graham], and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
I remain big on reading everything in sight. And when you get the opportunity to meet someone like Lorimer Davidson (former CEO of Geico), as I did, jump at it. I probably learned more in those four hours than in almost any course in college or business school.”
Berkshire Hathaway recent buys as of 12/31/2010
- GEICO: What Made Buffett Buy It?
- Warren Buffett Cartoon coming to AOL
- Warren Buffett Financial Rules to Live By
- Interview with Charlie Munger
- Microsoft’s Jeff Raikes Email to Warren Buffett in...
- Warren Buffett: Stimulus is Not a Panacea
- Warren Buffett On CNBC
- Warren Buffett on Becoming a Successful Investor
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- ▼ July (9)