Warren Buffett surprises teen cancer patient

Sometime last week Warren Buffett unexpectedly called into CNBC and spoke with Tre Grinner, a Hodgkin’s Lymphoma patient and aspiring investment banker. Currently, Grinner is doing a week-long investment banking internship at Goldman Sachs, thanks to the Make-A-Wish foundation. He was speaking about his internship experience live on CNBC when Warren Buffett dialed in.

During the phone call, Buffett gave Grinner several pieces of investing advice. He said “it’s a mistake to pay attention to the day to day fluctuations” because “the trick in investing is to buy good business and to hold them for a long time”. Buffett recommended that Grinner “take all the accounting courses that he can find” because it will help with reading financial statements. He said that even though it takes time to learn the language of accounting, “it pays off big later on”. Buffett expressed his interest in meeting Grinner personally, and invited him to Berkshire Hathaway’s annual meeting in May