November 21, 2006
I admire Warren Buffett. He lives in a house he bought for $31,500, eats at Dairy Queen, pays himself $100,000 annually, and gave most of his fortune to the Bill and Melinda Gates Foundation. He drives a 2001 Lincoln Town Car. At age 11, he bought his first stock.
One of the greatest investors in history doesn't give a crap what kind of car he drives or how big his house is.
Shares of Berkshire Hathaway are now trading in excess of $100,000 a share.
What can the average investor learn from Buffett? Have patience, look for value in the market, and save money by living within your means. And that you will reap great rewards from investing early in life.
Posted by megabeth at November 21, 2006 12:08 PM
I think the average person can learn a lot from Buffett. The guy is grounded and understands that just because he has money does not mean he has to live a life of excess.
Posted by: Shadowhelm at November 21, 2006 01:21 PM