I saw this video a couple of months ago, and I was looking forward to posting it. This man is a genius, quick wit, inspiring, and even refreshing. In this awesome video, Mr Buffet addresses a class of students, probably in the late 1990s, discussing everything from…

* how to become successful.
* Long Term Capital and leveraging yourself when you shouldn’t.
* the little differences between his lifestyle and the students’ lifestyles (only in travel). * what he likes in businesses.
* what makes Coke special.
* buying stock assuming the market will close for at least 5 years.
* his views on diversification for professional investors.
* how he was lucky to live in a society that rewards capital allocation ability (instead of rice growing skills)
* …and the fact that the market does not care about your feelings

His style is so down to earth, and quite fast. Enjoy it:

(90min video)

Finally, a classic Buffett warning for all my B-School students audience:

“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”