Warren Buffett's 7 Pearls Of Wisdom

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[color=#333333][font=georgia,]Where Amateur Investors Should Invest: "They should just stay with index funds. Any low-cost index fund. And they should buy it over time. You just make sure you own a piece of American business, and you don't buy all at one time."[/font][/color]
[color=#333333][font=georgia,]-The Right Amount of Money to Leave Your Kids: "Enough so they would feel they could do anything, but not so much that they could do nothing." In 1986, Buffett estimated that the right amount to leave a child who was a college graduate would be "a few hundred thousand dollars."[/font][/color]
[color=#333333][font=georgia,]-Foreigners Will Never Flee The Dollar. "The fact is that foreigners—as a whole—cannot ditch their dollars. Indeed, because our trade deficit is constantly putting new dollars into the hands of foreigners, they have to just as constantly increase their U.S. investments."[/font][/color]
[color=#333333][font=georgia,]-Be Happy Now: "I always worry about people who say, 'I'm going to do this for 10 years; I really don't like it very well. And then I'll do this…' That's a little like saving up sex for your old age. Not a very good idea."[/font][/color]
[color=#333333][font=georgia,]-The Internet Won't Change Chewing Gum. "When I look at the Internet, I try to figure out how an industry or a company can be hurt or changed by it, and then I avoid it. Take Wrigley's. I don't think the Internet is going to change the way people chew gum."[/font][/color]
[color=#333333][font=georgia,]-Picking Causes Is Harder Than Picking Stocks: "In stocks, you're looking for things that are obvious and easy to do. You try to identify the one-foot bars you can step over. But when you give in the charitable arena, you are attacking problems that have been the most intractable and resistant to solution throughout history."[/font][/color]
[color=#333333][font=georgia,]-Choose Colleagues Carefully: "When you go out to work, work for an organization of people you admire, because it will turn you on." The reason he's happy, he says, and why he tap dances to work: "I don't have to associate with anybody who causes my stomach to churn."[/font][/color]