with Patrick Morris, Contributor – Motley Fool

Turn $40 into $10 million, the Warren Buffett way! Learn the secret behind turning a simple, straightforward $40 investment into over $10 million. Can you profit by trying to time the market? Learn how Buffett likes to do it. Buffett also keeps a lot of money sitting on the sidelines – about $50 billion or so, of which he sets $20 billion aside as an emergency fund. So what might be a good acquisition for Berkshire Hathaway, and what’s the one thing that’s common in many Berkshire acquisitions? Patrick walks us through Buffett’s various acquisitions and highlights his big-picture parameters for long-term, enduring profits and investment success.

Also hear Buffett’s advice to youngsters and college students so they don’t repeat the mistakes Buffett made when he was in college.