Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Live Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
Budget 2023
Budget 2023
you are here: HomeNewsTrends

Warren Buffett says this is the best advice he ever got

Today, Warren Buffett is one of the most respected voices in business. But when he was a youngster fresh out of college, who are the people who mentored him?

July 07, 2022 / 05:12 PM IST
American investor and business tycoon Warren Buffett is counted among the world's richest people.

American investor and business tycoon Warren Buffett is counted among the world's richest people.

Veteran investor Warren Buffett wanted to get into the securities business soon after graduating from Columbia University in 1951. But two of his mentors advised him otherwise.

His father Howard Buffett and teacher Ben Graham told him that it was a bad time to start. Graham also refused to let Buffett come work for him at his investment company.

"One thing on their minds was that the Dow Jones industrials had been above 200 all year, and yet there had never been a year when it didn't sell below 200," Warren Buffett had told Fortune magazine in 2005 for their compilation titled  "The Best Advice I Ever Got".

"So they both said, 'You'll do fine, but this is not a good time to start'," he added.