The Simple Billionaire Lifestyle

The Simple Billionaire Lifestyle

When looking at Warren Buffett’s life one will see that there are two things that set him aside from the rest of the investment world, how he gets his money and how he spends his money. Warren Buffett saw his father Howard Buffett’s views on life and would come to model his own off of the best parts and use the other parts to determine what not to do and be. Having lived through The Great Depression and other recessions, Warren developed a method of investing known as value investing which he would later use to minimize his losses in the event of a market failure. At the end of the day Buffett had three parents, Howard, Leila, and the city of Omaha, all three of which would have a direct impact on Warren. Both how he gets his money and how he spends his money are direct outcomes of where he was raised, who he was raised by, and the times he and his family went through.

To understand the simplicity of Warren Buffet, one must first understand the city in which he grew up in and has spent the better part of his life in, Omaha, Nebraska. “Warren’s Omaha was a small city-- 220,000 people-- but by no means a small town.” (Lowenstein 17) He knew everybody in every house on 53rd Street, he knew the familiar Robert’s Dairy truck, the music of the trolley, the smell of coffee beans from downtown, and even the smell of the meatpacking plants. (Lowenstein 17) Omaha was Warren’s stomping grounds as a child and it would forever be his home at heart. Had it not been for Buffett’s childhood in Omaha, Warren Buffett would not be as simple or thrifty when it comes to living life as a billionaire. He threw out all the expectations that come with the lifestyle of being a multimillionaire. “Americans… (were not) use...

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Work Cited

Buffett, Warren E. "Stop Coddling the Super-Rich." The New York Times. The New York Times, 14 Aug. 2011. Web. 12 May 2014.

Canavan, Kathy. "Blue Hen Investment Club Meets Warren Buffett." Blue Hen Investment Club Meets Warren Buffett. UDaily University of Delaware, 18 Apr. 2006. Web. 12 May 2014. .

Hagstrom, Robert G. The Warren Buffett Way: Investment Strategies of the World's Greatest Investor. New York: Wiley, 1995. Print.

Lowenstein, Roger. Buffett: The Making of an American Capitalist. New York: Random House Trade Group, 1995. Print.

Morris, Charles R. The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of Markets. New York: Public Affairs, 2009. Print.

Schroeder, Alice. The Snowball: Warren Buffett and the Business of Life. New York: Bantam, 2008. Print.