26 October, 2019

Quora Answer: Why Does Warren Buffett Live Like a Poor Person?


The following is my answer to a Quora question: “Why does Warren Buffett live like a poor person?

I would like to know where you live, if your definition of a poor person is someone who lives in a multi-storey, 610-square-metre house, with five bedrooms, more than two bathrooms, with a garden, and a swimming pool.  If that is poor, what is your “rich”?

Warren Buffet lives a modest life, relative to his net worth.  That does not mean he lives a poor man’s life.  He has a car, and he can get it replaced without a thought.  He eats well, whenever he wants.  He spends his time with his friends, without concerns about budget, or losing his job.  He is comfortable, not ostentatious.



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