The MBA Welcome Address Warren Buffett Has Never Given

For all the wisdom Warren Buffett has handed out over six decades, he has always steered clear of commencement speeches. But Buffett, who was rejected by Harvard Business School, has never stopped teaching. For years, MBA students made the pilgrimage to Omaha for a Q&A and his shareholder letters are read in business school classrooms around the world. We have imagined the welcome address he might give them on their first day.