How Much Would you Pay to Have Lunch with Him?
- 99% of Buffett’s wealth was made after he turned 50.
- In 2013, Buffett made an average of $37 million per day.
- He spends about 80% of his days reading. In an interview, he explained his job is essentially “corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.”
- Buffet called considers gold as an investment with no real value. In a 1998 speech, he said gold is dug out of the ground, then melted, buried in another hole where people are paid to guard it.
- He made billions from a salad dressing scandal. In 1963, a company specializing in salad dressing and vegetable oil borrowed $175 million (that’s around $1.2 billion in today’s standards) from lenders including American Express against its oil inventory. As it turned out, a lot of the oil used as collateral was just water mixed with oil. American Express stock dropped 50%, Buffet reacted quickly, purchasing $13 million worth of the American Express shares. By 2011, they were worth around $7.8.
- Buffett adores junk food and his favorite meal is a cheeseburger accompanied by a Cherry Coke. He stated in the past that a quarter of his daily calorie consumption comes from Coca-Cola.
- He has donated over $25 billion to charities and has pledged to donate 99% of his wealth instead of living it as an inheritance.
- Warren Buffett has an old Nokia flip phone. When asked about it he replied it’s the one “Alexander Graham Bell gave me”.
- Not impressed enough by the Nokia story? Buffett only sent one single email in his entire life. It was sent to Jeff Raikes of Microsoft, and according to Buffett it became his first and last email ever after it ended up in court.
- Buffet auctions a lunch with him for charity. One of the winners ended up paying $3,456,789 for the privilege.
- Buffett learned his first lesson about the market when he was 11 and bought his first stocks, way back in 1941. He purchased 6 preferred shares of Cities Service for him and his sister, Doris. The stock dropped, then bounced back, rising a bit more than he paid. He sold the shares and then saw their value soars by 500%.
- Buffett bought Berkshire Hathaway out of spite. After he and the company’s CEO agreed on a price to buy back shares from Buffett, the official offer was 12.5 cents per share lower than what was agreed upon. Instead of selling, Buffett purchased a controlling share of the business and quickly fired the CEO.
- According to report, his salary from Berkshire Hathaway is only $100,000 a year.
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