At 93 years old, Warren Buffett is the definition of a self-made billionaire. He bought his first stocks for $38 each at age 11 and sold them for a total profit of $12. By age 14, he had saved

A podcaster recently shared his experience of meeting Charlie Munger and having dinner with the legendary investor and former vice chairman of Berkshire Hathaway (NYSE:BRK)(NYSE:BRK). Here's the most valuable piece of advice and key takeaway from that encounter.

Warren Buffett's favorite fund is the Vanguard S&P 500 ETF. This ETF has delivered a 6.7x gain over the last 14 years thanks in part to low interest rates and solid dividends. The Vanguard S&P 500 ETF is still a good pick for most investors today.