Last Updated Nov 24, 2009 1:49 PM EST
In a town-hall style meeting, Gates and Buffett fielded questions from Columbia MBA students. Not surprisingly, many of them asked two of planet's most successful people for career advice. Among Gates and Buffett's responses:
- Buffett advised students to put passion ahead of perceived financial gain when considering a career path.
- Gates told them to stay inquisitive and keep up with research on their topics of interest.
- Gates also helped students identify sectors in the U.S. economy that are continuing to grow, including information technology, health care and clean energy.
Gates added, "We have a complex financial system, and we've proven that we can make mistakes, but more fundamental than that is the innovation, the fact that you can create new companies, that people are willing to take risks and invest."
Even in the fall of 2008 when the financial meltdown was at its peak, Gates said that there were "inventions that took place; even in our darkest hour, people were working on new drugs, new chips, new robots and things that will make life better for everyone in the decades ahead."