“Buffetted” by Financial Literacy

If you are like me, even your best magazines get little concentrated attention. I find myself reading outdated editions on my favorites, Fortune, Cook’s Illustrated and Bon Appetite, for months after they arrive in the mail. My favorite places are a few minutes before I retire, during commercials of televised National’s baseball games and anytime on a Sunday afternoon. Recently, I picked up an article in the February 27, 2012 edition of Fortune, written by Warren Buffett, entitled: Why Stocks Beat Gold and Bonds. While I understood and appreciated the logic of Mr. Buffett’s commentary, what I was most impressed by was the fact that I now have a new and improved appreciation for the difference between an investment in corporate ownership and an investment in either commodities or debt. I consider that new understanding to be my recent dose of financial education – which in turn improved my financial literacy.
In today’s complex financial environment, continuous exposure to financial education – our relationship with money, debt and savings, is essential to a healthy life style. And if this 60 year old can learn from a 5 month old commentary in Fortune magazine, then it can’t be too hard for others to keep growing their knowledge base.