|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
He’s just like you and me, except for the £31bn fortune
Posted by: gurufocus (IP Logged)
Date: March 8, 2008 11:10PM
When F Scott Fitzgerald observed that “the very rich are different from you and me”, the novelist was clearly not thinking of people like Warren Buffett.
Proclaimed the world’s richest man last week, the American investment strategist eats at his local grill and drives to work from the modest home that he bought in unfashionable Omaha, Nebraska, in 1958, which is today valued at about £350,000.
Such is the frugality of the 77-year-old “sage of Omaha”, whose wealth increased by £5 billion last year to £31 billion, that when he married in 2006 he bought a discount ring from his own jewellery company. He has vowed to pass on only a small chunk of his fortune to his children, Susie, Howard and Peter. He wants them to have “enough to do anything but not to do nothing”.
Read the complete article
Guru Discussed: Warren Buffett: Current Portfolio, Stock Picks
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.