Lessons from Warren Buffett

"A 14-year-old from California, Justin Fong, asked what advice Buffett and Munger would give a young person on how to be successful. 'It's better to hang out with people better than you,' said Buffett. 'Pick out associates whose behavior is better than yours and you'll drift in that direction.' Added Munger drily, 'If this gives you a little temporary unpopularity with your peer group, the hell with 'em.'"