Author Topic: How has WEB changed your life?  (Read 10793 times)

merkhet

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Re: How has WEB changed your life?
« Reply #20 on: April 17, 2014, 11:48:28 AM »
For helping me realize that you don't need money to be happy.

This is probably #1 for me as well.

His speech at the University of Florida in 1998 was particularly instructive:

Quote
I was going to do the same things when I had a little bit of money as when I had a lot of money. If you think of the difference between me and you, we wear the same clothes basically (SunTrust gives me mine), we eat similar food—we all go to McDonald’ s or better yet, Dairy Queen, and we live in a house that is warm in winter and cool in summer. We watch the Nebraska (football) game on big screen TV. You see it the same way I see it. We do everything the same—our lives are not that different. The only thing we do is we travel differently. What can I do that you can’t do?

For this little nugget of wisdom, I am eternally grateful.


longinvestor

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Re: How has WEB changed your life?
« Reply #21 on: April 17, 2014, 02:20:52 PM »
For helping me realize that you don't need money to be happy.

A corollary of this is while you don't need the money yourself, there are causes worth supporting that take lots of money. You may not know how charitable work is done but if you know how to invest and make lots of money, turn over what you don't need. We've started this in our own life and our giving in the last 7 years has exceeded all prior Giving. I also have a portion of my retirement designated for future giving. The magic of compounding working for the larger good. Directly learned from the master.

Packer16

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Re: How has WEB changed your life?
« Reply #22 on: April 18, 2014, 06:19:26 AM »
For helping me realize that you don't need money to be happy.

A corollary of this is while you don't need the money yourself, there are causes worth supporting that take lots of money. You may not know how charitable work is done but if you know how to invest and make lots of money, turn over what you don't need. We've started this in our own life and our giving in the last 7 years has exceeded all prior Giving. I also have a portion of my retirement designated for future giving. The magic of compounding working for the larger good. Directly learned from the master.

This is spot on and there is more than one master who espouses this point of view.  A view of life and resources as stewardship and not ownership allows you realize that investment gains should be directed to help others and not to purchase things that moth and rust will destroy.  I find Warren's recent most important question interesting: although current agnostic, it is is there a God?  He is on the right track.

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Spekulatius

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Re: How has WEB changed your life?
« Reply #23 on: January 04, 2020, 12:41:58 PM »
For helping me realize that you don't need money to be happy.

This is probably #1 for me as well.

His speech at the University of Florida in 1998 was particularly instructive:

Quote
I was going to do the same things when I had a little bit of money as when I had a lot of money. If you think of the difference between me and you, we wear the same clothes basically (SunTrust gives me mine), we eat similar food—we all go to McDonald’ s or better yet, Dairy Queen, and we live in a house that is warm in winter and cool in summer. We watch the Nebraska (football) game on big screen TV. You see it the same way I see it. We do everything the same—our lives are not that different. The only thing we do is we travel differently. What can I do that you can’t do?

For this little nugget of wisdom, I am eternally grateful.

His speech at the University of Florida in 1998 was one of his best.

Just this timeless excerpt:
Quote
Buffett: (holds mike) Testing: One million $, two million $....three million $.

https://www.tilsonfunds.com/BuffettUofFloridaspeech.pdf

I am on my second pint of microbrew now and for a totally unrelated reason also bumping long forgotten threads.
Life is too short for cheap beer and wine.

kiwing100

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Re: How has WEB changed your life?
« Reply #24 on: January 08, 2020, 06:06:09 PM »

Talk at Florida University 1998.

For those who wish to listen (or watch the video) - https://www.youtube.com/watch?v=2MHIcabnjrA


oldschoolvalue

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Re: How has WEB changed your life?
« Reply #25 on: February 10, 2020, 08:27:58 PM »
Cliche of a quote, but

“I am a better investor because I am a businessman, and a better businessman because I am an investor.”

I see many fellow business owners continually make bad decisions because they don't know the basics. Amazing how much it translates to real-world skills.