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.
Duration : 0:5:42
Tags: advice, Blizzard, Buffett, Dairy, financial, girl, Mint, of, Omaha, Oracle, Queen, Scouts, Thin, Warren
August 1st, 2010 at 12:37 am
success leaves …
success leaves clues, sound advice!
August 1st, 2010 at 12:37 am
Its a publicity …
Its a publicity stunt to better his image. The man is a modern eugenicist he could give a crap less about the average Joe or minorities.
August 1st, 2010 at 12:37 am
@VlogColbyVieirra
…
@VlogColbyVieirra
That’s how they get you…subtle product placement. It was really a commercial.
August 1st, 2010 at 12:37 am
What an amazing guy.
What an amazing guy.
August 1st, 2010 at 12:37 am
I also want a …
I also want a blizzard!
August 1st, 2010 at 12:37 am
im hungry for a …
im hungry for a blizzard now! I pay my VERY LAST credit card payment EVER to chase today!! =) GOODBYE CHASE!!! it was “fun” while it lasted, had some “good times” together but this relationship is toxic for me! BYEEEEEEEEE!!!!!! =) thanks for the great advice mr.B!
August 1st, 2010 at 12:37 am
Dam these guy how …
Dam these guy how no idea how lucky they are… they should be kissing his stupid ungratful bitchess…. THE MAN IS LEGEND !!!!!
August 1st, 2010 at 12:37 am
I love his honesty. …
I love his honesty. I love how he tells people not to get in credit card debt, even though he would profit off of it(he owns some of Amex).
August 1st, 2010 at 12:37 am
@nikanj ….. looks …
@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.
August 1st, 2010 at 12:37 am
yeah so lucky to …
yeah so lucky to meet like the richest man on the planet
August 1st, 2010 at 12:37 am
he can’t eat his …
he can’t eat his ice cream !!! girls ! let man have his ice cream !
August 1st, 2010 at 12:37 am
I wonder if those …
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
August 1st, 2010 at 12:37 am
Avoid credit cards. …
Avoid credit cards. Good advice from a man whose company is the largest shareholder of AXP.
August 1st, 2010 at 12:37 am
Give me some more …
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.
August 1st, 2010 at 12:37 am
Hello PiersonGrant …
Hello PiersonGrant
I have to admit I am very impressed with the quality of your videos here on youtube.
They are certainly a pleasure to watch as I do enjoy them.
I am sure there is many others who also feel the same about your videos.
Mark McCulloch
August 1st, 2010 at 12:37 am
these girls are …
these girls are very lucky. getting all these pearls of wisdom. what a guy he is…
August 1st, 2010 at 12:37 am
i take it you …
i take it you aren’t a responsible cocaine addict?
August 1st, 2010 at 12:37 am
Can you bank …
Can you bank $43,945.75 in 30 days with ZERO investment? Here’s what I know about it. People will do it with… Passive Income Advice [dot] com.
August 1st, 2010 at 12:37 am
credit cards are …
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.
August 1st, 2010 at 12:37 am
G R E A T E S T …
G R E A T E S T investor O F A L L T I M E
August 1st, 2010 at 12:37 am
I would be rocking …
I would be rocking a boner if i sat next to hot 16 year old girl scouts =DDDD
August 1st, 2010 at 12:37 am
donostacy, dude …
donostacy, dude your retarded
August 1st, 2010 at 12:37 am
To the left of …
To the left of Warren Buffett – ITT
August 1st, 2010 at 12:37 am
Warren Buffett is a …
Warren Buffett is a great man.
August 1st, 2010 at 12:37 am
Nice video, Come …
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