Is business school worth it?
Depends on the person, much more than it depends on the school.
I mean, I wouldn't worry, some people are going to get a lot out of advanced education and some people are going to get very little.
And I don't even think it's important that every person goes to college at all.
I mean, we have all kinds of jobs, 70 or so thousand a year, 80,000 a year, that college training is not required.
And I actually was not keen on going to college myself. Really?
Yeah. My dad, kind of jolly man, he could get me to do anything.
But if they'd had an SAT test in those days, he would have taken the test for me.
But because I just, I knew I could have a good time and I liked investing and I didn't really feel like I could read the books.
So, I don't, you know, it's a big commitment to take four years and the cost involved and maybe the loans involved and everything.
And I think depending on what your interests are in life, I don't think it's for everybody.
I think it's for a lot of people, but there ought to be a reason you're going and I didn't really see much a reason.
All right. Last question.
It's a lightning round. So, it's a few.
Do you ever drink water?
Only under a duress.
What is your favorite all-time song?
It's undoubtedly, It's My Way.
What about movie favorite movie?
Well, I like the Bridge on the River Kwai because there were a lot of lessons in that plus it was enormously fascinating.
Catchy tune, also. Sorry. Catchy tune also. Yeah. Very. Right, right.
But the ending of that was sort of the story of life.
You know, he created the railroad and he really wants the enemy to come and across it, you know.
Got it. Favorite book?
Well, the favorite book for investment, the book that had the most impact on my life was the Intelligent Investor by Ben Graham.
I knew you were going to say that.
Favorite TV show?
It's probably going to be, it would be Nebraska in some huge bowl game I am winning.
And finally, what do you carry in your wallet and how much money do you tend to carry around?
Well, I'd probably carry, maybe $400.
I actually, my wife likes to use the cash, so I just take home a chunk of cash every now and then she does it out.
She looks at my billfold and sees whether all the hundreds are gone and sticks a few in there. But it's pretty simple.
And the credit cards?
I've got an American Express card, which I got in 1964.
But I pay cash 98% of the time.
If I'm at a restaurant, I always pay cash.
It's just easier.
Warren Buffet. Thanks very much.