"An investment in knowledge always pays the best interest."
                                                   - Benjamin Franklin, 1706-1790

Warren Buffett's Lesson for Financial Literacy Month

If Not Now, WhenWarren Buffett, considered by those-who-know to be one of the most successful long-term investor in the stock market, at the age of 88 and still Chairman and CEO of his company Berkshire Hathaway, just celebrated a $22 Billion profit for the first quarter of this year.  Just to put into perspective how highly valued his company is, one Class A share of Berkshire Hathaway was $327,765.63 at close of market on Friday, May 3, 2019.  Many of my investment models hold shares of his company as a core holding but through the more affordable Class B share, bringing it in reach of the common man.

Warren Buffett’s grandfather sat him down around the age of 10 and began talking to him about the markets and investments.  By the time he was a teenager he was actively involved in decision-making of what to sell and what to hold.  Now think of the fear one often hears when talking about investing in the markets and how that fear may have been replaced with prudence if the conversation began when one was 10 years old.  Warren Buffett’s investment style is to look at the intrinsic value of what he is considering to buy and know why you own it.

Berkshire Hathaway is a company whose worth comes from holding investments in other companies.  I help my clients teach the youth in their lives about investments through UTMA accounts – which is like a brokerage account with training wheels and when the youth becomes of age, the training wheels come off.  Warren Buffett has also pointed out that his more intelligent older sister was not included in those early conversations to remind us to remember our girls.  Reach out to me if you’d like me to help you with getting the conversation started.  You may help give the world its next Warren or Warena Buffett!

- Monique