i don’t watch a lot of tv and if i do, it’s law & order. i’ve seen every episode, i think. surprisingly, last night i surfed every channel and law & order was no where to be found. cnbc was hosting a program called “the billionaire next door.” it was an interview with warren buffett who i think is one of the coolest people on the planet. here’s why:
CNBC: “What’s the number one thing you’ve learned from doing business with Warren Buffett?”
Business Owner: “Ethics.”
CNBC: “What is the one thing that young people should be doing about money?”
Buffett: “I tell them two things, generally. One is stay away from credit cards… The second thing I tell them is to invest in themselves.”
CNBC: “What is the Warren Buffett secret to success?”
Buffett: “If people get to my age and they have the people love them that they want to have love them, they’re successful. It doesn’t make any difference if they’ve got a thousand dollars in the bank or a billion dollars in the bank… Success is really doing what you love and doing it well. It’s as simple as that.
“I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.” (wikipedia)
Buffett backed Obama for president, and intimated that John McCain’s views on social justice were so far from his own that McCain would need a lobotomy for Buffett to change his endorsement.
Warren Buffett does not carry a cell phone, does not have a computer at his desk, and drives his own automobile.
“If past history was all there was to the game, the richest people would be librarians.”
– Warren Buffett