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Warren Buffett (left) and Charlie Munger.
  • Tim Ferriss asked Warren Buffett and Charlie Munger for advice in 2008, a resurfaced video shows.
  • The author and podcaster asked how they would invest $1 million as 30-year-old amateurs.
  • The billionaire investors said they would put the money in a low-cost index fund for the long run.

Tim Ferriss once asked Warren Buffett and Charlie Munger how they would invest $1 million as 30-year-old amateurs, a newly resurfaced video shows.