Buffett Tells Trustee to Put 90% of Money in This One Stock?

In a surprising move, Warren Buffett (the world's greatest investor, whose firm returned more than 5,000,000% gains), has instructed his trustee to put 90% of his personal money into one stock investment. Buffett says regular folks should be in this stock, too. A CPA and member of the Global CFA Institute explains how to use this stock to optimize your holdings.

71-year-old Shares 22 Most Important Lessons Young People Should Know

Bibhu Pattnaik
November 26, 2023

Earlier this year, Kevin Kelly, who helped launch Wired magazine and wrote a bestselling book, shared invaluable life lessons he learned over the years in an article for CNBC. 

Among the 22 pieces of wisdom Kelly, who is 71 years old, had for young people were to: 

1. Master the art of communication

2. Glean wisdom from a diverse group of people

3. Learn to be interesting — and be interested in others

4. Learn to save money and live on a tight budget

5. Earn respect by taking accountability

6. Respond to rudeness with compassion

7. Find your passion by mastering a skillset

8. Instill confidence in your children by reinforcing their sense of belonging

9. Encourage your children to think critically

Also Read: What Does 'Wealth" Mean To Americans Today? Survey Yields Unexpected Responses

10. Learn how to buy and sell stocks

11. Spend wisely on your passions

12. Know how much to tip

13. Be resilient and know when not to — and when to — give up on something that doesn't work

14. Negotiate your salary by getting a prospective employer to list their number first

15. Identify and combat imposter syndrome

16. Be happy with what you already have

17. Learn to be a better public speaker

18. Be sincere in your apology

19. Never be afraid of asking stupid questions

20. Learn how to make good decisions

21. Understand that wealth is defined by "the things that no money can buy"

22. Determine what advice is best for you

Now Read: What Makes Us Happy In Life? This Is What A Harvard Study Says

This story is part of a series of features on the subject of success, Benzinga Inspire.

How can you invest in early-stage startups if you don’t know the founders? Easy. Click here for a list of startups you can invest in today.

Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities in this article. Please see 17b disclosure linked in the offering circular for more information.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: shutterstock

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