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Indeed: I think it's important to remember that Warren Buffett is a genius at personal marketing. That's why he appears in so much public media, so often. Being

Indeed: I think it's important to remember that Warren Buffett is a genius at personal marketing. That's why he appears in so much public media, so often. Being an aw-shucks, down-to-earth guy from Nebraska is part of his brand, and the house is part of that. Maybe the idea is that you want your fund manager to be frugal and not flashy.

klyrs 5y ago
I was once peeved at a company's CFO driving a Porsche. Eventually I convinced myself that it's okay, because a Porsche is almost the only non-depreciating asset that you can drive.
- Scoundreller 5y ago
  Pretty much true of any 10y+ car if you shell out enough for the maintenance.
  - wcarron 5y ago
    Ahhh, sorry, no. Porsches, in particular the 911, are known to be cars that hold value for a looong time.
    - hirvi74 5y ago
      I've noticed this trend with Jeep Wranglers too -- especially pre-Fiat Jeeps.
      - wcarron 5y ago
        Yup, and Toyota Tacomas and 4Runners, too, as another example. They (Wranglers) hold value spectacularly compared to other models from the brands.
rchaud 5y ago
> Warren Buffett is a genius at personal marketing. It helps when the American press is as obliging as it is in continually portraying him as a sort of billionnaire Mr. Rogers. They'll happily print his folksy wisdom and relatable outrage about how his secretary pays a higher income tax % than he does. Yet he hasn't lifted a finger to support efforts that would reduce corporate tax loopholes. https://money.cnn.com/2013/03/04/news/economy/buffett-secretary-taxes/index.html https://money.cnn.com/2013/03/04/news/economy/buffett-secret...