Warren Buffett says avoiding mistakes in life is simple: 'Write your obituary and then try to figure out how to live up to it'

• Warren Buffett said the key to avoiding mistakes is to "write your own obituary," and live up to it.
• Buffett was doling out life advice and investing tips at a shareholder's meeting on Wednesday.
• Avoid debt, stay in the game, and be kind to others, Buffett urged the crowd.

Warren Buffett, 92, says the key to avoiding major mistakes in life is to write your own obituary and reverse-engineer it.