Warren Buffett has revealed that his greatest investments weren't financial assets but personal and intellectual investments. In his 2010 annual letter to Berkshire Hathaway's shareholders, the billionaire called his wedding rings and marriage licenses the best investments in his life. According to reports from The Economic Times, Buffett also considers his Nebraska home as the third best investment he ever made, after his two wedding rings.
The market expert still lives in the five-bedroom, 6,570 square-foot stucco home he purchased for $31,500 in Nebraska, US, back in 1958. As reported by The Economic Times, Buffett has repeatedly claimed that his home remains one of his most valuable investments despite its modest initial cost. The billionaire's frugal lifestyle extends to his daily routine, including regular visits to McDonald's for breakfast.
In 2000, Buffett told MBA students at Columbia Business School that knowledge is like compound interest. According to reports from The Economic Times, he advised students to read 500 pages like this every day, stating that while many could do it, not very many would actually follow through. Benjamin Graham, who taught investing at Columbia Business School, was one of Buffett's students and his book 'The Intelligent Investor' significantly shaped Buffett's value investing philosophy.
Despite his billionaire status, Buffett maintains a frugal lifestyle that includes regular McDonald's breakfasts. As reported by The Economic Times, he typically tells his wife Astrid the exact amount of change to place in the car's cup holder, usually $2.61, $2.95, or $3.17. The breakfast choices include two sausage patties for $2.61, bacon, egg, and cheese biscuit for $3.17, or a smaller option for $2.95 when markets are down. After purchasing his McDonald's breakfast, Buffett eats it at his desk with a Coke.
