Warren Buffett: You Can Never Be Rich, If You Don't Pay Off Your Credit Card! | Berkshire 2009
In this episode, Warren Buffett and Charlie Munger talk about why you can never be rich if you don't pay off your credit card debt and the importance of financial literacy.
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This speech is given by Warren Buffett & Charlie Munger at Berkshire Hathaway Annual General Meeting on May 2, 2009.
► Full Video: https://buffett.cnbc.com/2009-berkshi...
☆Who is Warren Buffett (The Oracle of Omaha)?☆
Warren E. Buffett is one of the most successful investors in the world and the chairman & CEO of Berkshire Hathaway, who has a net worth of over 100 billion dollars. Warren Buffett's Berkshire Hathaway has posted average annual returns of 17.1% since 1985, well ahead of the broader stock market’s 10.5% including dividends. If you’d invested $10,000 in Berkshire Hathaway at the start of 1985 you’d now have $2.4 million; the same principal in the S&P 500 would now be worth about $227,000.
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"I Got RICH When I Understood THIS" — Warren Buffett | Berkshire 2009
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