Students meet world's second richest man

” More than two-dozen students from the University of Akron’s College of Business Administration can now add ‘eating lunch with Warren Buffett’ to their list of accomplishments. A renowned businessman, Buffett is the second richest person in the world.”

More than two-dozen students from the University of Akron’s College of Business Administration can now add ‘eating lunch with Warren Buffett’ to their list of accomplishments.

A renowned businessman, Buffett is the second richest person in the world.

I was personally stunned, sophomore Andrea Hinton said when she discovered she was selected.

When Hinton called her mom with the news, who is also in the investing business, she started crying.

She was at work and ran down the hall telling all of her employees that her daughter was going to meet Warren Buffett, she said.

Buffett is arguably the greatest investor ever. He purchased his first stock at age 11 and had amassed $200 million by the age of 50. At the age of 79, he has now amassed $37 billion.

He invites groups of college students every year to his office in Omaha, Neb. to spend a day with him learning about business.

Todd Finkle, Academic Director for the Fitzgerald Institute for Entrepreneurial Studies, wrote a case study on Buffett and his investment company, which was recently accepted for publication.

I sent a copy to him to read. Within 10 days he invited us to visit Omaha, Finkle explained.

Finkle carefully selected 27 students, who paid their own way and arrived in Omaha Thursday, Nov. 5. They were able to meet Buffett that Friday.

The day consisted of a question and answer session and lunch with Buffett. Finkle said the group also spent two hours taking pictures with him.

Mr. Buffet was extremely personable and answered my questions sincerely during lunch. It was the highlight of the trip for me, finance major David Klimkowitz said.

Hinton said she will always remember what Buffett said about making mistakes.

He reminded us not to agonize over the mistakes that we make, but rather learn from them and use them as a growing experience, she said.

I was also really impacted by what he said about personal gifts and talents, she added.

He told us that not everyone is good at everything. He said it is important that we find out what we are good at, capitalize it, and then surround ourselves with people who are good at things we are not, she explained.

Hinton described that advice as something she will keep with her as she goes forward in her career.

Klimkowics said Buffett emphasized the importance of working in a job that you love.

He made this statement multiple times throughout the day. This philosophy will help me make decisions as I move forward with my career, he said.

Buffett still lives in the same house he bought in 1959 for $31,500 and has pledged approximately 99 percent of his wealth to charity.

He’s a great role model, Finkle said.

Hinton said she is interested in community service and was excited to hear Buffett talk about the philanthropic activities he is involved in.

He is such a giving person and it really was inspiring to hear about the different ways he gives of his wealth.