Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Melanie Schaffer

92-Year-Old Warren Buffett Has This Advice For Young People: 'It Has To Last You As Long As You Live'

Investor extraordinaire and Berkshire Hathaway CEO Warren Buffett had a message for young people looking to climb their way to the top in a book titled “Getting There: A Book of Mentors” by Gillian Zoe Segal.

The 92-year-old American business magnate, whose words of wisdom are perpetually quoted, especially when in relation to Buffett’s business and investing acumen, is also known to offer advice on personal health. After all, Buffett’s longevity in the public eye is not only due to his investing astuteness, but also his robustness.

One of 30 mentors who contributed to “Getting There,” alongside broadcaster Anderson Cooper and performance artist Marina Abramović, Buffett, in his essay, offered an analogy to emphasize the importance of mental and physical health.

Your mind and body have “to last you as long as you live,” Buffett stressed.

See Also: Warren Buffett Is Holding These 2 High Yielders; Why The 'Oracle Of Omaha' Chose The Pair

The Message: Buffett used the analogy of a new car to drive home the importance of mental and physical health, according to Segal, who contributed an article about her book to CNBC.

“Let’s say that I offer to buy you the car of your dreams. You can pick out any car that you want, and then when you get out of class this afternoon, that car will be waiting for you at home,” Buffett wrote.

But there’s a catch: “It’s the only car you’re ever going to get...in your entire life.”

“Now, knowing that, how are you going to treat that car?” the billionaire wrote.

Buffett then goes on to suppose how well the new car owner would take care of their vehicle –protecting it from the elements, keeping up on maintenance and quickly attending to any signs of wear. He then makes the comparison between the importance of keeping the car in good shape and the importance of looking after your mental and physical well-being.

“You have only one mind and one body for the rest of your life,” Buffett wrote. “If you aren’t taking care of them when you’re young, it’s like leaving that car out in hailstorms and letting rust eat away at it. If you don’t take care of your mind and body now, by the time you’re 40 or 50, you’ll be like a car that can’t go anywhere,” he warned.

See Also: Warren Buffett Now Owns Bitcoin: Here's How The Oracle Of Omaha Got Exposure

Photo: Courtesy of Fortune Live Media on flickr

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.