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Lesko Financial: Buffett Wisdom At Age 89

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VESTAL, N.Y. -

Transcript of Thursday's September 5, 2019 Lesko Financial segment that aired on Fox 40 News at 6.

BRI:
MOST PEOPLE HAVE HEARD OF WARREN BUFFETT, ONE OF THE MOST SUCCESSFUL INVESTORS ON THE PLANET. BUFFETT IS KNOWN NOT ONLY FOR HIS MONEY EXPERTISE, BUT ALSO HIS WISDOM ON LIFE. GREG LESKO OF LESKO FINANCIAL EXPLAINS. GREG…

GREG:
THANKS, BRI. WARREN BUFFETT, THE CEO OF BERKSHIRE HATHAWAY, IS A BILLIONAIRE-- ONE OF THE RICHEST MEN IN THE WORLD. LAST WEEK HE TURNED 89, AND, AS ALWAYS, IS SOUGHT AFTER FOR HIS ADVICE ON INVESTING AND BEYOND. BUFFETT’S WISDOM ON LIVING WELL TOUCHES ON HEALTH, WEALTH AND WORK. WHEN ASKED ABOUT THE MOST IMPORTANT DECISION HE EVER MADE, HE ANSWERS: HIS CHOICE OF PARTNER. BUFFETT SAYS MARRYING THE RIGHT PERSON WILL MAKE A BIG DIFFERENCE IN YOUR LIFE AND YOUR ASPIRATIONS, “SO MARRY WELL.” OTHER ADVICE FROM BUFFETTT ALSO DEALS WITH RELATIONSHIPS. HE SAYS: “ASSOCIATE YOURSELF WITH HIGH-GRADE PEOPLE” AND “WORK FOR PEOPLE YOU RESPECT.”

BRI:
DOES BUFFETT HAVE ANY RECENT ADVICE ON INVESTING?

GREG:
YES—BUT NOT IN THE WAY MOST PEOPLE THINK. “BY FAR THE BEST INVESTMENT YOU CAN MAKE IS IN YOURSELF,” HE SAYS. BUFFETTT RECOMMENDS IMPROVING VERBAL AND WRITTEN COMMUNICATION SKILLS, AND ALSO TAKING CARE OF YOUR BODY AND YOUR MIND, BY STAYING HEALTHY AND BY LIFELONG LEARNING. HE IS KNOWN TO READ FOR SIX HOURS EACH DAY. WHEN IT COMES TO MONITORING YOUR INVESTMENTS, HE SAYS “IGNORE THE NOISE.” THAT MEANS not PAYING TOO MUCH ATTENTION TO WHAT THE MARKET IS DOING, CHOOSING WISE INVESTMENTS AND “STAYING THE COURSE.”

BRI:
ANY OTHER NOTABLE WISDOM FROM AN 89-YEAR-OLD BUFFETTT?

GREG:
YES—BUFFETTT DOESN’T MEASURE SUCCESS BY WEALTH—HIS OR ANYONE ELSE’S. HE SAYS UNCONDITIONAL LOVE--HAVING IT AND GIVING IT--IS “THE GREATEST BENEFIT YOU CAN EVER GET.”