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Here are fourstandout pieces of money advice.
He takes these seriously and addresses them through action.
Problems, he would tell me, cannot be wished away.
They require action, however uncomfortable that may be.
People may undersell and underrate themselves if they dont attend a premier Ivy League school.
Buffett doesnt fall for this charade of faux intellectualism.
On making executive selections, Buffett said, I never look at where a candidate has gone to school.
On this note, it may not even matter whether someone obtains afull college education.
I was lucky enough to get an education at three fine universities.
And I avidly believe in lifelong learning.
Ive observed, however, that a substantial portion of business talent is innate, with nature swamping nurture.
The reasoning reflects his long-term philosophy.
Over time, we think it highly likely that gains will prevail why else would we buy these securities?
Though the year-by-year numbers will swing wildly and unpredictably.
Our horizon for such commitments is almost always far longer than a year.
In many cases, our thinking involves decades.
These long-termers are the purchases that sometimes make thecash register ringlike church bells.
Berkshire last year made four payments to the IRS that totaled $26.8 billion, Buffett wrote.
Thats about 5% of what all of corporate America paid.
(In addition, we paid sizable amounts for income taxes to foreign governments and 44 states.)
Buffett is delighted by this.
He recognizes thatcorporate tax dollarsare necessary and go toward the public good.
Thank you, Uncle Sam, he wrote.
Take care of the many who get the short straws in life for no fault of their own.
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