Warren Buffett Money Tips [Pic]

Submitted by: kitteh9lives 4 years ago in Misc

He is widely considered the most successful investor of the 20th century...and here I am on I-A-B. Time to get busy?
There are 42 comments:
Male 1,920
@klaxor

There are poor people everywhere, even in America. It still does not negate the fact that in India it is possible to move up socially. The caste system there is even going away (granted not completely).

0
Reply
Male 4,546
Flinker, if you want to follow the American dream, leave America.

Social Mobility is higher in France... and Germany, Sweden, Canada, Finland, Norway.

The most important factor in the USA for how successful you are, is were your parents successful.

0
Reply
Male 3,680
heres my money tip, keep it all stashed in bag under your mattress, i dont trust the digital age.
0
Reply
Male 646
Yea, the American dream means everyone has a chance. In India, there are huge portions of the population that are born and will never have a chance. Corruption, Caste system, and poverty cycles. It`s not a "mix". There are huge disparities in standards of living across the country.

But hey, maybe they should try harder, right Finker
0
Reply
Male 505
India seems to have
a mix
0
Reply
Male 505
@klaxor, I thought the whole point of the American Dream was that you could, not that it automatically meant wealth for everyone and there was no powerty. Thanks for enlightening me.
0
Reply
Male 162
Warren Buffett bought his house for $31,500 in 1958.
0
Reply
Male 646
@MrPeabody, wow... really? please tell me more


0
Reply
Male 1,920
"If he were born in say India do you think his odds would`ve been the same?"

Actually India is a bad example, because it is quite possible to live the old (non Obama) `American Dream` in India.

INFOSYS started in 1981 by 7 people in a small room with $250 is now a $7 billion+ dollar company, and those 7 people are now very rich.

About INFOSYSINFOSYS
0
Reply
Female 2,602
What are his thoughts on yellow snow?
0
Reply
Male 259
i bet if you moved to india you would be considered rich LOL
0
Reply
Male 439
Warren Buffett is pretty awesome...his office has about 50 employees andrto the best of my knowledge he only paid 250,000 for his house (give or take a 100k or two).

He lives in Omaha. That may be the most expensive house available.
0
Reply
Male 14,331
[quote]then why are you not rich?[/quote]
My father didn`t own a stock brokerage.
0
Reply
Male 646
He definitely seems not as arrogant as other Uber rich, but the money that he made came from investment. He gave companies money, those companies grew, and they paid him back with the money from their growth. Now that "growth" money is just... there... It`s wasted potential. And he`s still just collecting economic growth.

He also stated that he is going to give the huge bulk of his money to The Buffet Foundation, which then gives his money to other foundations. Essentially a middle man company run by Alan Greenspan, where some of the money gets lost in admin costs. Why not give it to the Red Cross?

Also, charities are nice, but jobs would be better. (teach a man to fish).

I don`t have an issue with Buffet, but I wouldn`t say that I "like" him more than some other random guy. He could be an ass in his private life for all I know. Didn`t he disown his granddaughter a while back?
0
Reply
Male 259
then why are you not rich?
0
Reply
Male 2,619
Well there`s some handy tips I didn`t know about. Thanks.
0
Reply
Female 112
I gotta wonder if Mr. Buffet doesn`t actually own anything he bought that he doesn`t *need*.
0
Reply
Male 14,331
[quote]the u.s. did not make him rich...he made himself rich[/quote]

Not according to Obama. If he were born in say India do you think his odds would`ve been the same?
0
Reply
Male 259
the u.s. did not make him rich...he made himself rich
0
Reply
Male 14,331
[quote]Also, he initiated the giving pledge, encouraging the top billionaires to give away %50 of their wealth, whom many have signed. [/quote]

Which translates to help a thrid world country remain a s**thole and leave the place that made you filthy rich to rot.
0
Reply
Male 14,331
[quote]like bill gates, he`s pledged to give away 98% of his wealth over the next few years.[/quote]

I`m accepting donations for a tropical island!!
0
Reply
Male 427
"To sum up - Have more money than you need. Brilliant."
most people have more money than they need, they just use it on the things they don`t need instead of saving, so when poo goes down they have nothing left.
0
Reply
Female 836
Warren Buffet is a rare breed of rich person. He seems very in touch with the common man. He also has lived in the same very modest home for several decades.

I like him.
0
Reply
Male 3,285
@klaxor, like bill gates, he`s pledged to give away 98% of his wealth over the next few years.
0
Reply
Male 13
To sum up - Have more money than you need. Brilliant.
0
Reply
Male 16
Klaxor, obviosly you have no idea who Warren Buffet is. He is by far the largest philanthropist of all time. Not to be condescending, but philanthropy is the act of increaseing human welfare. So in short, he is donating more money than anyone ever. Also, he initiated the giving pledge, encouraging the top billionaires to give away %50 of their wealth, whom many have signed. So to answer your question "What is he doing with his money?" Alot, he is so good at investing, he gives it away constantly. Just because hes a dual bad ass, philanthropist, and investor. Wikipedia some big names before you tote your HS education.
0
Reply
Male 700
I like it
0
Reply
Male 4,891

klaxor - If he wasn`t saving his cash he wouldn`t be rich. I see a problem there.

I won`t pretend to know what he is like. Judging from the little I have heard from and about him, I would assume he is light years closer to reality than the rest of the "Uber rich". I like to think I would be as conservative with my spending given his wealth. I would probably develop a expensive drug habit instead.
0
Reply
Male 646
"Warren Buffett is pretty awesome...his office has about 50 employees andrto the best of my knowledge he only paid 250,000 for his house (give or take a 100k or two)."

- Then what is he doing with his money? I don`t want to rag on WB, but he could be doing a lot more with his cash than waiting so he can become a saint when he dies and gives the money to a foundation with his name on it.

Isn`t it a little weird to just keep collecting money when you have the personal wealth of a small country?

Maybe it`s just me....
0
Reply
Male 1,252
Warren Buffett is pretty awesome...his office has about 50 employees andrto the best of my knowledge he only paid 250,000 for his house (give or take a 100k or two).
0
Reply
Male 2,841
"Don`t be so selfish with your hard work."

This sentence represents everything wrong with society.
0
Reply
Male 1,920
[quote]If I happen to work hard enough... does that necessarily mean the government automatically owns more of my paycheck now?[/quote]

No you are thinking of it wrongly. It means there are others who do not have the fortune to work as hard as you did to earn more, therefore it is only fair that you pay more. Don`t be so selfish with your hard work.
0
Reply
Male 3,310
But really, I mean, a percentage tax? If I happen to work hard enough to get a raise higher than the cost of living increase, does that necessarily mean the government automatically owns more of my paycheck now? And I just keep owing more to the government every odd time I manage to get a raise, whether it beats cost of living or not? Shouldn`t there be a cap on how much one citizen needs to pay to keep their government operational?
0
Reply
Male 338
not contrary at all....rich and cheap are not antonyms
0
Reply
Male 1,196
on the contrary, i find that cheap people are generally honest and humble while rich are arrogant and full of themselves.
0
Reply
Male 1,596
Or just sell the useless shiz you bought in the first place
0
Reply
Male 2,675
Your lucky numbers are:
8 17 21 34 47 54
0
Reply
Male 486
Since I`d characterize Buffett as thrifty, I think his last statement negates the previous ones, and anything else he says for that matter.
0
Reply
Male 39,920

ON SAVING: Never keep only in a US bank when you can use an offshore account.
0
Reply
Male 2,085
And drat the IRS every chance you get, while complaining your tax rate is too low.
0
Reply
Male 439
When did Warren Buffett start talking like a chinese fortune cookie?
0
Reply
Female 8,043
Link: Warren Buffett Money Tips [Pic] [Rate Link] - He is widely considered the most successful investor of the 20th century...and here I am on I-A-B. Time to get busy?
0
Reply