Not many investors would bet against Warren Buffet — with good reason. Buffet’s ability to spot long term value has earned him great wealth and sincere admiration in equal measure. He put his legendary reputation on the line in a televised Town Hall meeting with MBA students at his alma mater, Columbia Business School.
During Q&A, a sharp second-year student asked ” . . . what did your Columbia MBA not prepare you for?”
Confessing that he took a Dale Carnegie course after graduating from Columbia, the Oracle of Omaha used an investment calculation to make his point: “Right now, I would pay $100,000 for 10% of the future earnings of any of you, which makes you a $1 million asset. You could improve your market capital by 50 percent just in terms of learning communication skills. ”