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Billionaire investor Warren Buffett shares keys to his success

Billionaire investor Warren Buffett shares keys to his success

Businessman Warren Buffett recently spoke at a shareholders' meeting for his company Berkshire Hathaway. In what one attendee referred to as "the best one day economics seminar in the world," the billionaire investor offered advice on getting ahead financially, as well as general predictions for the future. More than 18,000 people showed up to hear him speak at the event.

Buffett was optimistic about the improving economy and had reassurances for those with jobs in finance. He offered an upbeat assessment of the U.S. banking system, saying it was in far better shape than it was several years ago and compared favorably with European banks, which are "gasping for air."

Proudly touting Berkshire Hathaway's domestic investments, Buffett said, "There is no shortage of opportunity in the U.S." He also called the stock market "the most obliging, money-making place in the world." However, he admitted that there was no simple path to riches, and that the market "does strange things."

He urged investors to proceed with caution when considering large-scale acquisitions, telling them to think about the value a purchase would bring, rather than the headlines it might generate.

However, he also said his audience should avoid making investments that will turn out to be unproductive. As an example, he advised his listeners to think about the fact that if "you have an ounce of gold now," in 100 years "you'll still have an ounce of gold."

Buffett also spoke about the importance he placed on elevating only the most capable people to top positions at Berkshire Hathaway. He stressed the significance of filling jobs in finance and investing with extraordinary individuals.

One of the most effective ways to ensure quality during a financial professional search is to use a reputable executive search firm. Experienced recruiters work full time to find the best candidates, leaving a company's current staff free to focus on their business.

ExecutionistBillionaire investor Warren Buffett shares keys to his success