Warren Buffett impressed by children's money-making ideas
By Jonathan Stempel
(Reuters) - Miroslav Bergen thought he would be "terrified" at meeting Warren Buffett, but he was wrong.
Miro, 14, was one of the winners of "Grow Your Own Business Challenge," a nationwide contest related to the animated "Secret Millionaires Club," which teaches children about finance and where Buffett voices his own character.
"He's a nice, down-to-earth person," said Miro, who lives in Short Hills, New Jersey. "I entered this competition not really as an entrepreneur because I wasn't experienced in business. But I had an idea. Now business people are giving me advice."
The contest, in its fourth year, attracted entries from more than 4,000 boys and girls ages 7 to 14. The top entrants flew to Omaha, Nebraska to be judged and show Buffett their ideas.
"You're looking at the future and it's a pretty good looking future," Buffett, chairman of Berkshire Hathaway Inc and the world's third-richest person according to Forbes magazine, said in an interview.
Bergen won for "Beyond the Books," a website that lets people work together to create online courses and study guides, in a "Wikipedia of education." People would pay to advertise, or pay a monthly fee to have ads removed.
Bryn Hansen, 11, and Emily Harkins, 12, of Omaha, won the team contest for "Keep Track Sticky Back," sealable plastic pouches costing $7.99 to $66.99 that have sticky backs so they can be attached to nearly anything.
"This competition has taught us a lot, not just business skills but also cost-evaluation, problem-solving skills, and business etiquette, and how to interact with other people," said Emily, who was on "cloud nine" after winning. Continued...