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