Warren Buffett is known for shrewd financial deals, but the world's second-richest man also invests some of his time to help guide business students. Berkshire Hathaway Inc., which Buffett heads as the chief executive officer, had net earnings of $23.4 million a day in 2005, yet he plans to spend the better part of 20 days this year answering questions and offering advice based on decades of stunningly successful experience.
It's time that the Oracle of Omaha thoroughly enjoys.
A group of about 35 University of Tennessee students recently spent a total of four hours with Buffett, 75, in a question-and-answer session at his offices and lunch at Gorat's, Buffett's favorite steak house in Omaha.
"I was surprised at how personable he is," said senior finance major Laura Cole, who sat near Buffett for a while at lunch. "And he talked about communications skills being the most important skill."