Warren Buffett interview

Warren Buffett interview reveals the joy of frugal living.

  • I bought my first share at age 11 and I now regret that I started too late;
  • I bought a small farm at age 14 with savings from delivering newspapers;

Frugal living

Greed is probably man's greatest obsessive sin; what a relief to read in this Warren Buffett interview that there are still some amongst the disgustingly rich who practise frugal living.


  • I still live in the same three-bedroom house I bought after I got married 50 years ago. His house doesn’t have a surrounding wall or fence);
  • I drive my own car everywhere and do not have a bodyguard;



  • I do not carry a cellphone, nor do I have a computer on my ­office desk;
  • I never travel by private jet, ­although I own the world’s ­largest private jet company;
  • I do not socialise with the high society crowd. After getting home I make myself some popcorn and watch TV;
  • My company, Berkshire Hathaway, owns 63 companies. I only write one letter each year to the CEOs of these companies, giving them goals for the year. I never hold meetings or call them on a regular basis.


TWO RULES

Buffett added that he has given his CEOs only two rules.

  • Rule No 1: Do not lose any of your shareholders’ money.

  • Rule No 2: Do not forget rule number one.




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    MAYORS

    Sigh, one could only wish that mayors of towns in South Africa, large and small, could see themselves as CEOs.

    And that they would operate with Buffett's two rules.

    One can't expect the nouveau riche not to flaunt their newly found riches but we wish they would want to live like Warren Buffett. And not squander their ratepayers' money? Yes, there we can and will hold them to account!


    Bernard Preston

    Less is more. Bernard Preston has discovered it too; the art of simple living, discovering the joy in the small things of life. Less THINGS, More TIME. Reading this Warren Buffett interview just confirmed what I already knew; that a plethora of possessions is no guarantee of happiness and fulfillment. 


    The joy of gardening

    Warren Buffet declares that he bought a small farm with his own savings as a teenager; he too knows the joy of gardening.

    Whether it's tree planting help for planting an avocado tree for example, or simply growing green beans there's more joy to be had in the garden cathedral that surrounded by expected electronic gadgets. What's more it's the fresh vegetables and fruit from your own garden that provide you with the taste of food that is completely denied those who rely on the supermarket for their week old food which can never be high folate foods rich in the vitamin that brings us sparkling good health.



    Whilst I can't boast of 63 companies, I do have eight beehives each of which has 50,000 employees. The queens lives religiously by the Warren Buffett interview rules, a simple, comfortable though not luxurious lifestyle within the hive, and bringing forth abundant honey for the shareholder. Me! How to start beekeeping ...

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    WARREN BUFFETT

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