Warren Buffett Gives Advice to LeBron

Know much about Warren Buffett? Well all you really need to know is that the guy has more money that you can imagine and he’s been talking to LeBron James.

IndyStar.com reporting on the relationship between aging gazillionaire Warren Buffett and LeBron James:

CLEVELAND — “Follow your instincts,” the wise old man with the white hair often reassures his young, tattooed NBA superstar friend. Hoping to profit from the financial prophet’s sage advice, LeBron James — peerless pro basketball player and emerging businessman at 23 — continues to listen to his inner voice.

And, yes, Warren Buffett, too.

“The biggest thing he helped me with is, ‘Trust your gut,’ ” the Cleveland Cavaliers’ All-Star forward said of his conversations with the 77-year-old capitalist and philanthropist. “It wasn’t all geared toward money and investments. It’s about life, your family — the decisions you make. It was kind of funny to hear that from one of the wealthiest men in the world that he always trusts his gut. I’ve always trusted mine.”

As when James decided not to play football his senior year at St. Vincent-St. Mary High School in Akron, Ohio. When he fired his agent and decided to form his own company. When he chose Nike instead of Reebok and Adidas — although the offer of a $90 million contract from the former before he had played an NBA game might have helped his decision-making process.

“He’s a terrific guy,” Buffett e-mailed. “I’ve seen him do both, and he is almost as good at business as he is at basketball.”

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