Warren Buffett says ‘accumulating great amounts of money’ doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons
Warren Buffett says ‘accumulating great amounts of money’ doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons
Many entrepreneurs strive to one day add “millionaire,” or even “billionaire,” to their list of achievements; it’s become an industry-wide sign that they’ve finally made it in business. But billionaire investing mogul Warren Buffett hit back at the notion that eye-watering net worths equate to excellence.
“Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government,” Buffett wrote in his final Berkshire Hathaway shareholder letter last November.
The 95-year-old “Oracle of Ohama,” known as one of the most successful investors of all time, is the 13th richest person in the world, boasting a fortune of $143 billion. But that doesn’t mean he’s splurging on mansions and driving luxury cars off the lot. He’s been thrifty throughout his seven-decade professional career, despite adding billions to his name.
Known for eating at McDonald’s, driving a beat-up old car, and living in his modest Nebraska home, it’s clear his bank account hasn’t changed his ways. Instead of feeling powerful by lavishing in the spoils of his riches, Buffett finds true........
