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Last login: 2 days agoRoyandroy: Roy is a 60 year old guy in a relationship from Cape Town, South Africa.; Likes 499 pages, 33 videos, 66 photos • 27 fans • Received 7 reviews; Member since Sep 07, 2006

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: Some smart ideas about finance and investing from the ultimate guru, Warren Buffett,courtesy agorafinancial.com [agorafinancial.com]
To those just starting out in their careers, Buffett also recommended working for someone you admire (and then joked that for many people, that means working for themselves). He pointed to his own experience working for Ben Graham and how much he learned during that time. Finally, he said it is important to "have the right spouse." He then quipped: "You may find the perfect woman, but you may find she is looking for the perfect man, in which case, you have a problem."
On the oil question, Buffett said spare capacity is as low as he can ever remember. While he said the world would adjust, he added, "Nothing we can do in any short period of time will wean the world off oil." Munger added that he confidently predicts there will be pain in making the transition to a world less dependent on carbon-based energy sources. He also put in a good word for solar, saying that, ultimately, solar will be an energy source we will learn to rely on a great deal more.
One shareholder asked how he should invest if he can't spend any time on his investments because he has another job and his knowledge of finance is limited. Buffett told him something I'm sure he didn't want to hear: "Put your money in an index fund. Why should you expect to make more than an index fund if you don't bring anything to the table?"