Thursday, February 09, 2012

Warren Buffett on Veggies and the Heartless

The more I read about Warren Buffett, the more I want to go to Omaha and see if his unique ways are just his, or most Nebraskans have his no nonsense views. He doesn't believe in stock splits and his company's stock (A line) is $118K a share. He invests in capitalism, like Coca-Cola.  I love that Berkshire Hathaway's website has no photos, no flash, no music and no logo.  It's like it was created at the dawn of the world wide web. Hey, when you're king of the world, you don't need any pizzazz. I also love that he's pledged almost all of his $45 billion fortune to charity and said that to do otherwise would be "anti social."

There was a great article in Time about Warren Buffett recently.  My fav parts:

- His only big indulgence is private air travel.  He named his first jet the Indefensible


- He offers hope for parents of picky toddlers. You can avoid veggies and still build a jaw-dropping financial empire:
"I haven't had a taste of broccoli or asparagus in years!" he boasts. "I formed my thoughts on eating at the age of 5, and I haven't changed them."
- He was moved greatly towards civic duty after his wife took him to hear Martin Luther King Jr. The quote that most resonated with him:

"It may be true that the law can't change the heart," said King, "but it can restrain the heartless."
Shortly after that, he moved to remove anti-Semetic rules in his local club.  I also feel that it sums up the financial crisis so well.  Speaking of which,

"Berkshire spent $15.6 billion in the 25 days after Lehman Brothers' September 2008 collapse, buying up many assets on the cheap. Although Berkshire lost 9.6% of its net worth in 2008, Buffet did better than most everyone else and came across as a stabilizing influence during the financial crisis..."
Whew.  I cannot imagine slinging around $15 *billion* dollars in a month. 

1 comment:

mayberry said...

Wow, that website is something to behold! Talk about a flashback!