3 ms·
Only if you define "spending" as "immediate spending on consumer goods." Saving is just that kind of spending, deferred -- in Buffett's case, deferring it incre
by byrneseyeview 17y ago
Only if you define "spending" as "immediate spending on consumer goods." Saving is just that kind of spending, deferred -- in Buffett's case, deferring it increases the amount that's spent, since he compounds his net worth at an above-average rate. So take whatever numbers you'd use assuming my previous comment was correct, and bump them up drastically.