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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