To long-time friends of KCR we are “breaking cadence” this Friday. Instead of a chart about stocks we found this three-minute video moving and thought it might resonate with others. KCR and our research team wish everyone a wonderful weekend.
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“When you get to my age you will not measure how well you have done by how much money you have got, I can guarantee you that. You will all do fine on money anyway. I mean, think about it, seven hours a day you are in a bed. You’ve got the exactly the same mattress I’ve got, if you don’t, we’ll sell it to you at the Furnish Mart. So, we are on a parity. I can’t outdo you in terms of my sleeping enjoyment. You can match it by buying this mattress, we’ll give you a special price on it, just mention my name.
We eat at the same places. We eat at Dairy Queen, particularly if you’re in my position because we own it. We at McDonalds at Burger King, when I leave here, I’ll stop at a fast-food place. So, our eating experiences are the same.
We travel the same. I had a 10-year-old car up until about a year ago. It just doesn’t make any difference to me. They all work.
We live in a place that is warm in the winter in the winter and cool in the summer. We watch the Superbowl on a big screen TV. You do it. I do it.
We dress more or less the same. I pay more for my clothes, but they look cheap when I put them on. We are on a parity.
So, the money isn’t going to be that big a deal. Everybody, with the intelligence and energy this group has will do well.
So, what’s the difference? What really counts? Health is enormously important. That is a matter of a fair amount of luck. I am not shortchanging it I’m just saying you can’t do too much about that.
You will measure your success in life by how many and to the extent, the people you want, at 70 or whatever the age may be, you’ll measure it by how many of them really love you in the end. You can’t buy love. You can buy sex. You can buy testimonial dinners. You can buy your name on buildings. You can do all kinds of things.
The only way you can get love is to be loveable. It’s kind of irritating actually. If you have a lot of money, it would be more fun to just write out a check for a million dollars. So everybody from now on loves me. But it doesn’t work that way. The only way is to be loveable.
So, I have a friend that came out of Auschwitz. They had at least one family member die there. What is it now? 60 years later. She still when she looks at people, she’s a Polish Jew, when she looks at people, the question she asks herself when determining who she really trusts as friends. The one question in her mind: “Would they hide me?”
Now when you get to be 70 if you’ve got a lot of people who would hide you, you’ve had a successful life. I know people who have a tremendous amount of money. No one would hide them. Their own kids wouldn’t hide them.
They really wouldn’t, their business associates wouldn’t or anybody else. If it really came down to it. They don’t have anybody’s respect.
They’ve got their attention maybe with money. But nobody loves them. They pay homage to them. The kids may put up with them and hope they don’t change their will or something, but the truth is nobody would hide them.
If you’ve got a lot of people that would hide you at 70, you’ve had a very successful life.”
The meaning of life according to Warren Buffet
To long-time friends of KCR we are “breaking cadence” this Friday. Instead of a chart about stocks we found this three-minute video moving and thought it might resonate with others. KCR and our research team wish everyone a wonderful weekend.
“When you get to my age you will not measure how well you have done by how much money you have got, I can guarantee you that. You will all do fine on money anyway. I mean, think about it, seven hours a day you are in a bed. You’ve got the exactly the same mattress I’ve got, if you don’t, we’ll sell it to you at the Furnish Mart. So, we are on a parity. I can’t outdo you in terms of my sleeping enjoyment. You can match it by buying this mattress, we’ll give you a special price on it, just mention my name.
We eat at the same places. We eat at Dairy Queen, particularly if you’re in my position because we own it. We at McDonalds at Burger King, when I leave here, I’ll stop at a fast-food place. So, our eating experiences are the same.
We travel the same. I had a 10-year-old car up until about a year ago. It just doesn’t make any difference to me. They all work.
We live in a place that is warm in the winter in the winter and cool in the summer. We watch the Superbowl on a big screen TV. You do it. I do it.
We dress more or less the same. I pay more for my clothes, but they look cheap when I put them on. We are on a parity.
So, the money isn’t going to be that big a deal. Everybody, with the intelligence and energy this group has will do well.
So, what’s the difference? What really counts? Health is enormously important. That is a matter of a fair amount of luck. I am not shortchanging it I’m just saying you can’t do too much about that.
You will measure your success in life by how many and to the extent, the people you want, at 70 or whatever the age may be, you’ll measure it by how many of them really love you in the end. You can’t buy love. You can buy sex. You can buy testimonial dinners. You can buy your name on buildings. You can do all kinds of things.
The only way you can get love is to be loveable. It’s kind of irritating actually. If you have a lot of money, it would be more fun to just write out a check for a million dollars. So everybody from now on loves me. But it doesn’t work that way. The only way is to be loveable.
So, I have a friend that came out of Auschwitz. They had at least one family member die there. What is it now? 60 years later. She still when she looks at people, she’s a Polish Jew, when she looks at people, the question she asks herself when determining who she really trusts as friends. The one question in her mind: “Would they hide me?”
Now when you get to be 70 if you’ve got a lot of people who would hide you, you’ve had a successful life. I know people who have a tremendous amount of money. No one would hide them. Their own kids wouldn’t hide them.
They really wouldn’t, their business associates wouldn’t or anybody else. If it really came down to it. They don’t have anybody’s respect.
They’ve got their attention maybe with money. But nobody loves them. They pay homage to them. The kids may put up with them and hope they don’t change their will or something, but the truth is nobody would hide them.
If you’ve got a lot of people that would hide you at 70, you’ve had a very successful life.”
The meaning of life according to Warren Buffet
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March 4, 2022 |
| Authors: Matthew Malgari, Nathan Przybylo, Dr. Sanjeev Bhojraj and John Durkin
March 4, 2022
Authors: Matthew Malgari, Nathan Przybylo, Dr. Sanjeev Bhojraj and John Durkin
