I love this picture of Bill Gates (the Harvard dropout), smiling as he looks at Warren Buffett explaining something! I think they're the 2 wealthiest guys in the United States but they just look like regular guys.Webb emailed a cool article about Peter Buffett, Warren's son who just finished a book titled "Life is What You Make it: Finding Your Own Path to Fulfillment." It's nice to see that Warren Buffett's son grew up happy and normal and not the spoiled child of a rich father.
Peter Buffett warns against the dangers of privilege and states that: "Entitlement is the worst thing ever and I see entitlement coming in many guises. Anybody who acts like they deserve something 'just because,' is a disaster." You can tell Peter learned common sense from a wise father who didn't give him everything!
On our bookshelves we've got a book called "The Tao of Warren Buffet" written by Peter's former wife, Mary Buffett and David Clark. The book is filled with memorable sayings Warren Buffett has used over the years. The quotes give you a sense of Warren Buffet's philosophy on life.
A few of my favorite Buffetisms include:
"You can't make a good deal with a bad person."
"It takes twenty years to build a reputation and five minutes to lose it. If you think about that, you will do things differently."
"Never ask a barber if you need a haircut."
"The most important thing to do if you find yourself in a hole is to stop digging."
"We don't go into a company with the thought of effecting a lot of changes. That doesn't work any better in investments than it does in marriages."
Buffett's clever insight shows me why he is so brilliant at investing; the guy is really intuitive and people smart!
