Warren Buffett MBA Talk - Part 7
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What a great man.
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I've got a qn. In Graham's book, I think he mentioned that it is important that a company pays dividend regularly. Why ain't W.B. doing it? (curious)
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loooooove this!!! call it as he sees it....fabulous!!!
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Well, its easier to be happy when you have a lot of money. I think after you hit financial security (which varies from person to person based on what they can live with), happiness comes down to the quality your relationships and commitment to your passions.
I mean, you can still be happy with your passions and relationships, but if you lack the money, then you'll have that source of stress when paying the bills and what not.
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The day Buffett goes.. it will truly be a sad day.
11 months ago 3
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@dopexile Secret to Happiness = Choices, it's all internal, nothing external can increase happiness, hence why the amount of money somebody has doesn't mean they are happier.
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In high cost areas like Manhattan, 1000k will make you happier than 500k. Buffett's wealth has given him access to politicians, celebrities, and the opportunity to shine publicly. This is not a criticism of Buffett, I am a Buffett fan. But, Buffett enjoys all these things very much. He enjoys trips with Gates, meeting Obama, and being the hero in modern finance. These things augment his happiness for sure and he would NOT have these opportunities if he were not a billionaire.
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...wow...guilty of envy here! he's so brave, so balanced, and so "out of the box" especially when it comes to vetting the macro economic factors. Letting go of economist's insight for me, and probably many of us, is like fixing your eye with a pitchfork.....I would give up everything I own to work for Warren Buffet for a year!
bigricko66 4 years ago 40
Standard of living is not equal to net worth. Scientific studied have proven that money only increases happiness at lower levels. Meaning if you went from making 20k to 500k a year you would be happier because you wouldn't be struggling to eat. But if you went from 500k to 1000k your happiness wouldn't change. If Warren only had 1% of his money he wouldn't be living any differently and it wouldn't change things.
dopexile 4 years ago 19