Monday, August 19, 2013

Money, Success, Happiness and Life......from Warren Buffett

Since the Prudential Real Estate franchise name has a majority owner of Home Sale Services (A Berkshire Hathaway company.... AKA Warren Buffett), an article interviewing him caught my attention.  I thought I would share a few thoughts from the "Oracle of Omaha".

Success and Happiness:
I worry about people who say "I'm going to do this for 10 years even though I don't like it, then I will do this...".  That's like saving up sex for your old age - not a good idea.

How Much to Leave to the Kids:
The perfect amount is enough money so they feel they could do anything, but not so much that they could do nothing.  Handing over huge positions or fortunes because you came from right womb seems almost un-American.

How Much to Give to Charity:
99% of what I have will go back to society through philanthropy because I've been treated extraordinarily by society. Huge fortunes that flow in large part from society should in large part be returned to society.

Thinking Independently:
You're neither right or wrong because people agree with you.  You're right because your facts and reasoning are right.

#1: Don't lose money.
#2: Don't forget #1

I will keep working until 5 years after I die.  My board of directors have a Ouija board to they can keep in touch.  I have a letter that will go out when I die and talks about the plans of the company.  It starts "Yesterday I died".  I hope the stock doesn't go up too much that day.

Gotta love a guy who can find humor in any subject!!!

Original article was in AARP magazine.


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