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Warren Buffett says why he thinks he's going to college is not for everybody



Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett, the third richest person in the world, said in a new interview that college and business school are not necessary for professional success.

"Some people Buffett says. "To go to a lot of advanced education, and some people are going to get very little," Buffett says.

The expense and time that higher education demands are not worth it, Buffett said in a wide-ranging interview with Yahoo Finance's editor-in-chief , Andy Serwer. Buffett said, referring to college, "I do not think it's for everybody."

"It's a big commitment to take four years, and the cost involved, and maybe the loans are involved," he says.

[http://www.goBankingRates.com] The comments come amid heightened scrutiny focused on a total of $ 1.5 trillion in student loan debt among Americans, a figure that has been tripled since 2005. A survey this month from GoBankingRates , which polled 500 Americans with college degrees, found. But that's not what they say. "

Massachusetts Senator Elizabeth Warren, a 2020 presidential candidate, proposed on Monday a relief plan that would save 75% of Americans who have it.

Berkshire-owned Borsheim jewelry store in Omaha, Neb., Sunday, May 6, 2018 (AP Photo / Nati Harnik)

'I actually do not care about going to college myself'

"I actually was not keen on going to college myself, "he says.

Howard H. Buffett, applied to him for an undergraduate program at The Wharton School at the University of Pennsylvania.

" My dad kind of jollied me into it, "Buffett says. "He could get me to do anything. If they'd had SAT test, in those days, he'd have taken the test for me. "

Buffett attended The Wharton School for two years, then transferred to the University of Nebraska, where he earned an undergraduate degree in business administration.

Since 1965, Buffett has run Berkshire Hathaway, which owns over 60 companies, like Geico and Dairy Queen, plus minority stakes in Apple, Coca-Cola, among others.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em ) – sm "type =" text "content =" Max Zahn is a reporter for Yahoo Finance. "data-reactid =" 48 "> Max Zahn is a reporter for Yahoo Finance. [19659019] Read more:

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