Wake Students Hobnob With Warren Buffett

Late last month, a group of Wake Forest University business school students traveled to Omaha, Neb., to meet with Warren Buffett. Eight schools joined Wake Forest this year: Duke, Ohio State, University of Arizona, Kansas State, St. Louis University, University of California-Davis and W. Ontario. But Wake Forest arrived first!
The event included tours and Q&A sessions at Borsheim's, the Nebraska Furniture Mart and the Omaha Field Club. Students also got the opportunity to dine with Buffett (see picture below). The businessman opened the session with a joke: "Help yourself to the Coca-Colas. Berkshire makes money on every 11th one sold."
Buffett then informed attendees that 1.8 billion eight-ounce servings of Coca-Cola are served every day.  So if the cost increases by just a penny it adds $6 billion in revenue in just one year.
He also offered several pieces of advice:

• "Find the job you would take if you had all the money in the world. Be happy in life and in work."
• "If you have the ability to react when others run away, you'll make more money than a mortician during a plague."
• "We all want a society where the people who draw the long straws help the people who draw the short straws."

Buffett was also asked for a suggestion on how the typical American - with $25,000 to $50,000 in savings - should invest. The response: Invest in equities and in yourself. Look for businesses that have the same values as you.

 

NOTE: This account of the trip came from various social media feeds from attendees.