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!

Google's Larry Page & Sergey Brin on Stanford's Tradition of Innovation

Larry Page:

I'm Larry Page, I'm Co-founder and CEO of GOOGLE. I was at Stanford from 1995 through 1998. I studied computer science. I was in the PhD program there at Stanford. I did not quite graduate, but I did get my Masters degree.

Sergey Brin:

I'm Sergey Brim, I'm from GOOGLE, and prior to that I was a PhD student at Stanford. Larry and I first met when he came to visit during the PhD recruitment weekend, he started a couple of years after I did, and we became good friends. When he actually agreed to join and came on-board, we experimented a variety of things, we had some shared interest, and Larry had this crazy idea that he was gonna download all the links on the web and then do something with them. It wasn't entirely clear, what we did find that the world create applications, and one of them was SEARCH, which eventually became GOOGLE.

Larry Page:

GOOGLE, it's an interesting story actually, and it's a good example of the benefits of really having pure research. We had no idea of what we wanted to do, we were interested in doing research and I had lots of crazy things I wanted to do, and my adviser actually turn to one of us, why don't you link the sites on the web, that sounds like a good thing to work on.
I think the culture of Stanford with regards to entrepreneurship and high tech industry have been really amazing, and I was really attracted to Stanford for that reason, but I also... just tremendous expertise and how to make companies, how to get invasions out into the world, that i think has really meaningful impact.

Sergey Brin:

I think Stanford is a really unique place, and if you look it at an entrepreneurial point of view, the history, looking at Hewlett Packard, Sun Microsystems, Cisco, Yahoo!, Excite, it's really braided an enormous number of very important companies in the technology world, and I don't think it's an accident, I think that there's a culture of entrepreneurship at Stanford on a scale that I haven't seen elsewhere. 

Larry Page:

Universities have struggled a lot of times to get these tremendous discoveries and advancements, out from academia into the real world, and that was one of the things I guess for me, while I was really excited to be at Stanford, that's something Stanford's been really successful at, and has changed the world many times.

Sergey Brin:

I personally I love New York City, I'm there pretty often. It has an energy and dynamic to it that I think my mind kind of resonates with the different kind of energy and dynamic that Stanford has. But I think one of the things that is missing is this top notch university industry symbiosis. I don't think I've seen the same kind of scale in research and commercialization, pretty much unaware outside of Stanford, and I think that this is really a great opportunity for both the city as well as Stanford University to broaden it's horizons.