." >>> welcoming up in our next half hour, cbs news business analyst jill schlessinger will have much more on the mark plunge and what's behind it. >> plus 73 words. that's how long former us gym that is innings doctor larry nasar apology was cents with victims, hear what he says. >> hot tee isn't for everybody find out why it poses a higher cancer risk for some people. >> and, ice and frozen feet. why winter surfers say actually the best time of year to ride the waves. >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> speaking every cold walter i think we'll have a wintery mixon our hands tomorrow morning. none of that thursday. >> sleet, mess -- >> little parade out there happening. have you heard about it? >> no, no. >> what's going on here? >> yes, yes. >> we will be right back. >> ♪ >> ♪ >> ♪ for switching to progressive? [ engine revving ] you cannot hear me at all, can you? >> ♪ >> ♪ >> welcome back everyone, for those every just philadelphia, winning the super bowl beat the winter blues. >> for some other people, something little more. check out, 29 degrees weather on lake michi

. >> cbs news business analyst, jill schlessinger, the problem we avoid talking about money, joins usill, good morning. >> good morning. >> so jill i understand nearly half of the respondent in the survey think their partner is dishonest about money. so how can we break that psych snell. >> well, you know, many relationships are actually unions of money opposites. we find savers, will hook up with the spender. money vigilante paired with a money avoid err. but that's why it is important to set aside a specific time and place to talk, but you want to do so with groundrules , no judgement, just open dialogue, hear your information, make sure on the same page with report to short and long-term goals like retirement, college planning and cash flow management. >> in the meantime, jill, how should couples divide financial responsibilities in the here and now? >> it is never going to be 50- 50. just know that. but you do want to work toward each partner's strength. so if one of you likes to track money, let her be the day-to-day bill payerment if the other one wants to manage investment, tha

. >> business analyst jill schlessinger joins us live from new york to discuss the letter that once again. good morning. >> good morning. >> so jill, what can ordinary investors learn from the or call of omaha? >> well, this year's letter, buffet cautioned against taking on too much debt in his case he was discussing why beer shire hathaway makes investment the. he noted while debt can improve returns, sleep easier at night because insane to risk what you have in order to obtain what you don't need. ahh. i would like a good take away from that, also reminds us not to act for any reason. he says, stick with biggies i decisions and shoe activity, and though markets are generally rational, they occasionally do crazy things. >> yes, and he seems to be quite rational person, who had how about buffet do in the million dollars bet? >> remember the 2007 wager, buck challenge any active fund manager to be the s&p 500 with a portfolio at hedge fund. buffet killed it over the ten year bet, average annual gain for the index funds eight and a half%. five hedge funds, selected by a pro owe jay partner