The Best Advice Warren Buffett ever received

Billionaire Berkshire CEO Warren Buffett has always been regarded as one of the most successful investor in the world. He was ranked as the world's wealthiest person in 2008. He is known for his personal frugality despite his immense wealth. In an exclusive interview with Yahoo! News and the Huffington Post, Buffett said that all parents can make a “better human being” by simply offering their children Unconditional Love. 

Willow Bay:
You have given a lot of fabulous advice but what is the best advice you have ever received?

Warren Buffett:

Well I received in a variety of form from my father when I was very young but basically I think he taught me how to live, he was giving me lessons but he wasn't doing it by preaching to me he was doing it by example. But basically, while the biggest lesson in the sense I got is the power of Unconditional Love. There's no power on Earth like Unconditional Love, and I think if you offer that to your child, I mean, you are 90% of the way home. There may be days you don't feel like it, it's not uncritical love, that's a different animal, but to know you always can come back, that is huge in life. That takes you a long, long way. And I would say that every parent out there that can extend that to their child at an early age, it's going to make for a better human being.

Willow Bay:
And you felt like you've got that kind of Unconditional Love from your dad?

Warren Buffett:

I absolutely did!

Willow Bay:
That's a powerful thing.

Warren Buffett:

It is a powerful thing!