What is Buffett's Best Investment

Recently a group of 27 Kansas State students, took a field trip to Omaha to meet with the Oracle of Omaha.

The students, member of the Student Finance Association, traveled by chartered bus to Omaha for the meeting.

The trip was organized by Greg Foote, a senior and the bond fund manager for the SFA.

Foote said Buffett genuinely seems to enjoy talking with students. In a question and answer session that lasted two hours, there were no limits on what questions he would take.

Buffett meets with student groups four times a year, and Foote said when he contacted Buffett’s office last fall he was told the waiting list for one of the sessions was two or three years long.

But he stayed in touch with Buffett’s personal secretary, and when a group had to cancel, she called Foote and invited him to bring a group . Foote said one important message Buffett gave the students was the importance of communication. He said the students were all smart enough to master the technical details of finance, but communication is what brings success.

Laura Liston, SFA president, said, “He is an incredibly charismatic individual, and he provides humor at all the right moments.”
- Topeka Capital Journal

Thed article, that was in Monday's Capital Journal also stated:

One of the K-State students asked Buffett the most important lesson he had learned from Benjamin Graham, considered the father of “value investing.”

The reply was to think of investing as owning a part of a company, rather than thinking of it as gambling that the stock price will rise to produce a profit from selling it.
- Topeka Capital Journal

But one answer surprised many of the students in attendance. Buffett told students on Friday March 27, 2009, that his best investment ever made was a marriage license.

The quip about his marriage license being his best investment was said half in jest, half serious. Buffett knew the student who asked the question was expecting the name of a company Buffett had invested in. But Buffett said the selection of the right mate provides the greatest quality of life and the most enjoyment of life.
- Topeka Capital Journal

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