http://blogs.marketwatch.com/thetell/2013/09/20/offering-tips-at-georgetown-buffett-tips-cap-to-amazons-bezos/
“It’s very important to have the right framework,” said Buffett when asked about stock tips. “You need to have an approach to investing that is sound.”
He added that you don’t have to be terrifically smart, but you do have to have the right temperament for investing. And you have to have an ability to ignore what others are saying. “I figured out really early [that] you don’t have to have a high IQ in this business, but you do have to have the right temperament,” said Buffett. Now 83, he started investing at the age of 11.