4 ms·

Although the title is cheesy, these are really great points. I wouldn't call them "secrets" as much as common sense and great advice. While I respect him as a

by dcurtis 18y ago

Although the title is cheesy, these are really great points. I wouldn't call them "secrets" as much as common sense and great advice. While I respect him as a businessman and as a person, it kind of surprised me when he gave all of his money to the Bill and Melinda Gates Foundation. You'd think that someone as opinionated as Buffett would have some ideas about how to apply billions of dollars to make the world a better place. My favorite is number 4: "I want to be able to explain my mistakes. This means I do only the things I completely understand."

jond2062 18y ago
While I would generally agree that his advice is more "common sense" than any amazing "secrets", the issue lies not in knowing what to do, but rather in doing it. Many of us have heard Buffett's rules before in one way or another, and some of us may even preach them to others, but how many of us actually live by them ourselves?
- deleted 18y ago
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- hugh 18y ago
  Well, a lot of his advice is easier to follow when you're Warren Buffett. It's easy to enjoy every day at work when you're the boss, your employees all love you for making them rich, and you've already achieved every goal you could reasonably have.
nazgulnarsil 18y ago
If he is genuine about living simply (which I believe he is) then he didn't want to deal with the responsibility of figuring out how to use the money. better to make a one shot donation and never have to think about it again. I'd do the same thing if I was old and had more money than I could possibly use. Here's how I would think about it: I enjoy investing. I don't necessarily enjoy running a massive philanthropic organization. I shouldn't have to do things I don't want to do, I'm old and rich. Here Bill, you take it. Now I get to feel good about myself.
azharcs 18y ago
I think Warren Buffett did the right thing by giving his wealth to Melinda and Gates Foundation. This foundation has a vision and it goes well with Buffett's vision.

by dcurtis 18y ago

jond2062 18y ago

While I would generally agree that his advice is more "common sense" than any amazing "secrets", the issue lies not in knowing what to do, but rather in doing it. Many of us have heard Buffett's rules before in one way or another, and some of us may even preach them to others, but how many of us actually live by them ourselves?

deleted 18y ago
[deleted]
hugh 18y ago
Well, a lot of his advice is easier to follow when you're Warren Buffett. It's easy to enjoy every day at work when you're the boss, your employees all love you for making them rich, and you've already achieved every goal you could reasonably have.

nazgulnarsil 18y ago

If he is genuine about living simply (which I believe he is) then he didn't want to deal with the responsibility of figuring out how to use the money. better to make a one shot donation and never have to think about it again. I'd do the same thing if I was old and had more money than I could possibly use. Here's how I would think about it: I enjoy investing. I don't necessarily enjoy running a massive philanthropic organization. I shouldn't have to do things I don't want to do, I'm old and rich. Here Bill, you take it. Now I get to feel good about myself.

azharcs 18y ago

I think Warren Buffett did the right thing by giving his wealth to Melinda and Gates Foundation. This foundation has a vision and it goes well with Buffett's vision.