Elise Vinup was among 20 DePaul MBA students invited to join business students from around the nation for a Q&A session with Berkshire Hathaway CEO Warren Buffett at the company’s Omaha headquarters on Jan. 15. Vinup shared with Inside Kellstadt what she learned from the experience.
Warren sat on stage, in a comfortable lounge chair, talked with us and shared advice with for close to three hours. There were so many incredible takeaways, but I’ll call out a few of the key ones here:
- Don’t invest in bitcoin or any of those cryptocurrencies. They will crash. If you have to say 100 bitcoin=XYZ U.S. dollars to comprehend how much it is worth, then the U.S. dollar is the currency.
- Find what turns you on in life, and do that with everything you have. We all work so many hours, so find that thing that you are excited to focus on, hungry to learn about, and give it your all.
- Don’t wait until you’re 70 years old to do the thing you love. This one really resonated with me. It’s easy to say, “I’ll do that when I’m x age, when I retire, once I’ve saved up enough money.” But the fact is, it won’t be as good if you wait. Live your life now.
- Choose the people you surround yourself with wisely, for both business relationships and personal relationships. Warren credits a lot of his success to the great relationship that he and (business partner) Charlie Munger have. He says that they have never fought; if they disagreed with each other, Charlie would just say, “Go give it a try, Warren. You’re going to come around to my way eventually!”
This was an incredible experience, and I feel very honored to have been selected and grateful to DePaul for creating this opportunity!
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