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"The money makes no difference after a moderate level"

Buffett & Munger1999-05-03videoOpen original ↗

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SpeakersWarren1
[0:00]
WarrenIt seems to me there's a difference between being rich and being wealthy. I assume you consider yourself to be both. Which is the more important to you? The money makes very little difference after a moderate level. I tell this to college students that I talk to. I mean, they are basically living about the same life I'm living. You know, we eat the same foods. I mean, that I can guarantee you. And, you know, there's no important difference in our dream. important difference in our dress. There's no important difference in all in the car we drive. There's no difference in the television set that we sit there and, you know, watch the Super Bowl on or anything of the sorts. There's really no difference in, you know, they've got air conditioning in summer, and I got air conditioning, they've got heat and winter, and almost everything. So any importance in daily life, we equate on it. The one thing I do is I travel a lot better than they do, you know, net jets. So the travel is – Travel I do a lot easier than they do. Everything else in their lives, it just, you know, I'll switch places anytime. It doesn't make any difference. Important thing even in your work, I mean, is to an extreme extent, it seems to me, is who you do it with. I mean, you can have, if you're going to spend eight hours a day working, the most important thing isn't how much money you make. It's how you feel during those eight hours in terms of the people you're interacting with and how interesting what you're doing is and all of that. Well, you know, I consider myself incredibly lucky in that respect. in that respect. I can't think of anything I'd rather do, and I can't think of any group of people I'd rather do it with. And if you asked me to trade away a very significant percentage of my net worth either for some extra years online, or being able to do during those years what I want to do, you know, I'd do it in a second.