Daily Inspirations and Adventures

Warren Buffett

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Mike and I watched this show called Person to Person last night.  (I originally wanted to watch it to see George Clooney’s house, which is aaaamazing.)  Warren Buffett was one of the people they interviewed (Jon Bon Jovi was the third person).  The interview took place in Warren’s office, which he’s been working in for over 50 years.  He seems to be a very sweet, genuine guy . . . I came away very impressed.  If every investor would just listen to the answer he gave when asked what he thinks investors do wrong, my work life would be SO MUCH EASIER!

“Well, they think that what is important is next quarter’s earnings. And they think they have to trade around, and they have to read news events and change their opinion …And if people would…adopt the philosophy that they’re buying something to hold for the rest of their life. …they can’t go wrong doing that.”

Its incredible how much he just loves investing/his job . . . but not for the money.  He has lived in the same house for 53 years, is thrilled that his office landlord has kept the rent down, says things like, “I have every possession I want. I have a lot of friends who have a lot more possessions. But in some cases, I feel the possession possess them, rather than the other way around”, is giving 99% of his wealth to charity and he thinks rich people should pay higher taxes.  Just imagine what the world would be like if we all had the same philosophy as Warren.  Good stuff.

A little excerpt from the interview is below, you can watch the entire interview here.

Written by bevanddara

February 9, 2012 at 10:53 am

Posted in TV

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