Warren Buffett's advice for investors is to 'never listen to people like me'

David A. Grogan | CNBCis one of the most respected investors in history, thanks to a track record that's seen him regularly make stellar returns over several decades.

Of course, the 88-year-old billionaire might have been delivering a slightly cheeky response. But more than that, Buffett is basically suggesting that investors should generally be wary of being too reactionary.

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Warren Buffett’s Occidental Play Looks FamiliarBerkshire Hathaway’s investment in Occidental Petroleum is similar to preferred-share deals that Berkshire Chief Executive Warren Buffett has struck in the past with Goldman Sachs and GE. And that folks, is how the rich, in America, get richer. I'm wondering if this will be as sweet as the bailout investment in Goldman Sachs. He who has the capital wins. Well done, Warren! OCCIDENTAL Petro poster child of Ameticsn capiitalism just bribe sitting senators and congressman. Dohey did that . Google Teapot Dome Scandal.
Source: WSJ - 🏆 98. / 63 Read more »