The father and son, both successful entrepreneurs, made the pilgrimage together to the US city of Omaha to bask in the wisdom of billionaire Warren Buffett, whose simple approach to investing -- and whose mistrust of Wall Street -- they share. Both Paul Singh, who is 68, and son Jay Phoenix Singh, 32, built successful businesses that they were then able to sell for premium prices, making both men multi-millionaires. Neither father nor son invests in stocks, preferring the ETFs (exchange-traded funds) that are less speculative but still provide attractive returns. -- and the living legend of this is Warren Buffett,” said Jay Phoenix. “Those lessons are good lessons... not being scared by things,” said Paul Singh.

Source: Hindustan Times May 05, 2019 04:36 UTC