Otherand now one of the most respected investors in america is going to tell you about his secrets warren buffett it's the sound of money
Otherthe second richest man in america is estimated to be worth about 62 billion makes him the richest man in the world
Otheryou know buffett is not exactly what you might expect even though he's in the money business he doesn't even own a calculator or a computer he takes the long view and it's made him billions billions billions many billions
Othermaybe you could beat the house but i don't think you could beat warren buffett
Otherbuffett filed his first tax return at 13 years old but he's no average billionaire tom no he certainly isn't matt he's a 44 billion dollar average joe
Otherwarren buffett has an approach that doesn't make him very popular with his fellow billionaires
Otherwarren buffett the boy from nebraska who grew up to become the wizard of omaha what was it about him that allowed him to become the richest man in the world
Otherto become the richest man in the world
Otherhow did he do it
Warreni'm on the way to the office it's a out of a five minute drive
Warreni've been doing it uh for 50 four years
Warrenone of the good things about this five-minute drive is that uh on the way there's a mcdonald's so i'll pick up something
Othergood morning thank you for choosing mcdonald's go ahead and order whenever you're ready
Warrenhave a sausage muffin with uh egg and cheese
Otheranything else that's it thank you and i
Warrentell my wife as i shave in the morning i say either 261 295 or 317
Warrenand she puts that amount in a little cup by me here and that determines which of three breakfasts i get
Otherokay 2.95 there's are you joyce
Otherhey great you're on kid and camera i see
Warrenhello everybody when i'm not feeling quite so prosperous i might go with the 261 which is two sausage patties and then i put them together and pour myself a coat
Otherand pour myself a coat hi how are you
Warren317 is a bacon egg and cheese biscuit
Warrenbut the market's down this morning so i think i'll pass up the 317 and go with the 295.
Warreni like numbers i like to sit and think and i spent a lot of time doing that and sometimes it's pretty unproductive but but i i find it enjoyable to to think about particularly about about business or investment problems
Warrenthey're easy it's it's the human problems that are the tough ones
Warrensometimes there aren't any good answers with human problems there's almost always a good answer with money
Otherhe was served a genius
Otheri think sometimes geniuses are by default lonely and isolated
Othershe was not really well adjusted
Otherhe was just this funny i mean humorous guy who maybe had a moat around him because he was afraid and he didn't know anyone that he wanted to let in
Otherand to this day i mean i don't know well nobody knows it like i
Otheri don't know well nobody knows it like i do and probably any wife would say thatdo and probably any wife would say thatdo and probably any wife would say that but uhbut uhbut uh
Otherhe's a loner in a sense andhe's a loner in a sense andhe's a loner in a sense and it's difficult to connect on anit's difficult to connect on anit's difficult to connect on an emotional level because i think thatemotional level because i think thatemotional level because i think that that's not his basic mode of operationhe was there physicallyhe was there physicallyhe was there physically but he was upstairs reading all the time
Otheri always told my mother we have to talki always told my mother we have to talki always told my mother we have to talk in sound bitesin sound bitesin sound bites i learned that early on that if youi learned that early on that if youi learned that early on that if you start you knowstart you knowstart you know going into some long thing unless you'vegoing into some long thing unless you'vegoing into some long thing unless you've explained to him ahead of time that it'sexplained to him ahead of time that it'sexplained to him ahead of time that it's going to be a long thinggoing to be a long thinggoing to be a long thing and you need him to hang in there youand you need him to hang in there youand you need him to hang in there you lose himlose himlose him you lose him to whatever giant thoughtyou lose him to whatever giant thoughtyou lose him to whatever giant thought he has in his head at the timehe has in his head at the timehe has in his head at the time that he was probably thinking aboutthat he was probably thinking aboutthat he was probably thinking about before you came in and really wants tobefore you came in and really wants tobefore you came in and really wants to get back toget back toget back to
Otherhe's not like the rest of us i don'the's not like the rest of us i don'the's not like the rest of us i don't think my dad everthink my dad everthink my dad ever took anybody for granted but you are atook anybody for granted but you are atook anybody for granted but you are a little bit blind i think sometimes tolittle bit blind i think sometimes tolittle bit blind i think sometimes to what other people might be doing behindwhat other people might be doing behindwhat other people might be doing behind the scenesthe scenes the scenes and my dad's gotten a little bit of aand my dad's gotten a little bit of aand my dad's gotten a little bit of a passpasspass