Warren Buffett Gives Kids the Financial Scoop

OMAHA, Neb.--()--Youngsters wanting to make blizzards of money got valuable advice from financier Warren Buffett who was visiting his local Dairy Queen® for the launch of the new Girl Scouts Thin Mint Blizzard®.

Surrounded by a group of Girl Scouts in his hometown of Omaha, Buffett offered this tip for college students: The biggest suggestion I have is to avoid credit cards. Interest rates are very high on credit cards. Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent, Id be broke.... So if I had one piece of advice for young people generally it would be to just avoid credit cards, he said.

And what advice does Buffett have for a new investor? I would do a lot of reading before I invested, he replied. In other words I would prepare for it. I wouldnt jump in the water until I know how to swim.... I read every book the Omaha Public Library had about investing by the time I was 11.

On qualities Buffett looks for in employees? The biggest thing I look for is if they have a passion for whatever they are going to do, he said.

Buffett is CEO of Berkshire Hathaway (BRKA/BRKB) which owns International Dairy Queen.

Contacts

For Dairy Queen, Omaha
Pierson Grant Public Relations
Adam Singer, 954-776-1999, ext. 231
asinger@piersongrant.com
or
Chris Feeley, ext. 237
cfeeley@piersongrant.com

Warren Buffett at Dairy Queen (Photo: Business Wire)

Warren Buffett at Dairy Queen (Photo: Business Wire)

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Contacts

For Dairy Queen, Omaha
Pierson Grant Public Relations
Adam Singer, 954-776-1999, ext. 231
asinger@piersongrant.com
or
Chris Feeley, ext. 237
cfeeley@piersongrant.com