A Day in The Life Of Warren Buffett....
A Day in The Life Of Warren Buffett....
In This Video we are going to see how A Day in The Life of Warren Buffett looks like, Warren Buffett is considered to be the greatest investor of all time, with a networth of $89 Billion, he's daily routine should be very interesting.
We are going to see what Warren Buffett does daily to set him up for success, we will dive deep and find what habits allowed him to accumulate his wealth.
Join us as we find out What A Day in the Life of Warren Buffett looks like.
The World's Most Expensive Yacht
Inside The Most Expensive Hotel Room in The World
@TopTrending
@TheFinestX
@Therichest
Welcome to Luxury Zone, On this Channel we share everything about Luxury and help you experience the billionaire lifestyle. We rank the most expensive things in the world and we have a look inside the lives of the wealthiest people on the planet.
Consider subscribing for inspiration and luxury experiences!
In This Video we are going to see how A Day in The Life of Warren Buffett looks like, Warren Buffett is considered to be the greatest investor of all time, with a networth of $89 Billion, he's daily routine should be very interesting.
We are going to see what Warren Buffett does daily to set him up for success, we will dive deep and find what habits allowed him to accumulate his wealth.
Join us as we find out What A Day in the Life of Warren Buffett looks like.
The World's Most Expensive Yacht
Inside The Most Expensive Hotel Room in The World
@TopTrending
@TheFinestX
@Therichest
Welcome to Luxury Zone, On this Channel we share everything about Luxury and help you experience the billionaire lifestyle. We rank the most expensive things in the world and we have a look inside the lives of the wealthiest people on the planet.
Consider subscribing for inspiration and luxury experiences!
Transcript
00:00A day in the life of Warren Buffett Warren Buffett is a man who needs no introduction.
00:07The CEO of Berkshire Hathaway is a successful man on all fronts.
00:13At 89 years old, Nebraska's true son is considered one of the best investors the world has ever
00:20seen.
00:21A frequent guest to Forbes' wealthiest people magazine, he has a net worth of $88.9 billion
00:28thanks to his conglomerate that owns and operates over 60 companies.
00:32How is it possible that one man can be able to execute all these responsibilities?
00:38If you need an answer, stick with us.
00:41We are about to slit open the daily routine of the world's fourth richest man.
00:47Morning Routine
00:49Success is not accidental.
00:52This business magnate, philanthropist, and super tycoon is one hell of an organized man.
00:58He is so organized that his best friend is, guess who, Microsoft's big boss Bill Gates.
01:06The Oracle of Omaha spends 80% of his time reading.
01:10He is a devoted book lover and always protects this habit to the bone.
01:15He wakes up every day at 6.45am, not as early as most successful people do.
01:22He has over the years reiterated that waking up at night is not his cup of tea.
01:26I have no desire to work at 4am in the morning, he said.
01:30Maybe this is due to his age, but still, his management method keeps getting better.
01:36Warren works out for about an hour and doesn't take breakfast at home.
01:40The billion dollar super investor is a lifelong customer at McDonald's.
01:44He has a regular menu here and decides which one best suits his appetite every day.
01:49He drives to McDonald's every single day for breakfast.
01:52He takes five minutes to order either two sausage patties and an egg or a cheese sandwich.
01:58He prefers paying in cash.
02:00Therefore, he tells his wife to put enough money for breakfast in the car before he leaves.
02:06A confessed junk lover, Warren says he eats like a six-year-old.
02:10I checked the actuarial table.
02:12The lowest death rate is among six-year-olds.
02:15This he said in an attempt to defend his undying love for strawberry milkshakes.
02:20Warren is also a dedicated client to one of the companies he partly owns, Coca-Cola.
02:25He takes five cans of the beverage every single day.
02:29From McDonald's, the billionaire heads straight to the office.
02:33Work Routine
02:35The chairman and CEO of Berkshire Hathaway arrive typically at the office at 9.30am when
02:40the stock market is open.
02:42That is where his heart lives, the stock markets.
02:46Donning one of his 20 pairs of suits made by the same designer, Madame Lee, all of which
02:51he doesn't pay for, by the way, reason being, well, I don't know too.
02:57He walks to his desk, which he has used for over 50 years.
03:01Once in the office, much of the time he spends reading.
03:04He reads five newspapers every morning, starting with his favorite, Omaha World Herald, a company
03:10he bought back in 2011.
03:13Asked about his obsession with reading, he said,
03:15Read 500 pages like this every day.
03:18That's how knowledge works.
03:20It builds up, like compound interest.
03:23All of you can do it, but I guarantee not many of you will do it.
03:27Warren reads and reads.
03:29He barely sends or receives email.
03:31Neither does he spend time looking at his phone.
03:34He says reading helps him avoid impulsive decisions in business.
03:38His reading materials are separated impressively, financial statements, newspapers, and books.
03:45His system completely shuts down except for his reading instincts.
03:48He switches off television, doors, and windows and gets in the zone.
03:53Some of the books he credits his success to include The Wealth of Nation by Adam Smith,
03:59The Intelligent Investor, and Security Analysis, both by Benjamin Graham.
04:04Warren is not a big fan boardroom meeting either.
04:07He gave him two options when at the office.
04:09First, he'd choose reading.
04:10The final option would be, guess what, reading.
04:15Bill Gates may be his best friend, socially, financially, and economically,
04:21but Warren has a sad story to tell about Microsoft.
04:25He has only sent one email in his life, which apparently ended up in federal court.
04:30Warren in 1997 responded to an email from Jeff Rakes, an executive at Microsoft.
04:37His response was published in a Wall Street Journal article, marking the end of him sending
04:41emails at work.
04:43As stated above, the staunch believer of long-term investment doesn't enjoy meetings at work,
04:49and if he has to attend, it better be very brief and straight to agendas.
04:54He tags along with his favorite snacks in the meetings, candies, and chocolate walnut fudge.
05:00After Work Routine
05:02After a busy day of reading and analyzing stock market behaviors, the legendary investment
05:07icon drives his old Cadillac DTS back home.
05:11Mr. Buffett is a man who loves to play, and he is an avid bridge player.
05:16He enjoys playing this card game with his billionaire buddy, Bill Gates.
05:20It is a game you can enjoy when you are in your 90s, and you are seeing a different intellectual
05:25challenge every seven minutes.
05:28It is the best exercise there is for the brain, he said.
05:31There you have it.
05:33If you thought it was just an ordinary game, then you just got damned.
05:36It is a mind-cracker, limited for critical thinkers only.
05:40Warren Buffett spends about 12 hours a week playing this game he really loves.
05:45In fact, he once sponsored a bridge competition in 2006 and named it Buffett Cup.
05:50The jewel of Omaha adores this game so much that he once cheekily quoted,
05:55If I'm playing a bridge and a naked woman walks by, I don't even see her.
06:00Another billionaire-like hobby Warren subscribes to is playing ukulele.
06:05In his free time away from work, the business magnate likes pulling the strings of this
06:09musical instrument.
06:11His relationship with ukulele started way back on somewhat shaky grounds.
06:16A woman he once had a crush on as a teen was dating a guy who owned a ukulele, so Warren
06:21thought it wise to learn the skills of playing and acquire his own.
06:25Unfortunately, the lady ended up snubbing Buffett to stay with his guy.
06:30We all know she missed a chance of a lifetime, but I guess it is true, choices have consequences.
06:37Thanks to her, the man behind many companies' success is a skilled player of this lute
06:43family instrument.
06:45Sometimes Buffett performs at meetings, during interviews, and in conventions.
06:50Warren Buffett is not quite the money-spender type of billionaire.
06:53Typical of any investor, his money barely sees the light of day for luxurious tweets.
06:58He'd rather donate to charity than buy a fleet of expensive cars and spend on magnificent
07:03mega mansions.
07:05I mean, here's that guy.
07:07He also enjoys his golf, but not in a Porsche golf club.
07:11I can be a member of every golf club that I want to be a member of, but I'd rather be
07:16playing golf here with people I like than at the fanciest golf course in the world,
07:20he told Q&A.
07:22Come to think of it, Buffett's most expensive venture has to be the private jet he bought
07:27for the sake of constant business travels.
07:30A dedicated lifelong fan of Nebraska football, Warren attends matches when he is in a position
07:35to.
07:36He loves this sport so much that he invented a competition amongst his employees back in
07:412014.
07:43He challenges them to guess all 16 teams that would participate in the NCAA March Madness.
07:50And for anyone who gets it right, he promises to pay $1 million yearly for the rest of his
07:55or her life.
07:57That's now what we call a baller move.
07:59Unfortunately, no one has even come close to winning the contest in its six years' existence.
08:05The last day of the week that is Sunday, the business magnate developed quite a thoughtful
08:10hobby.
08:11He treats a dozen of kids to an ice cream party at Dairy Queen, which is part of his
08:15attractive investment network.
08:18Most of these kids are his grandchildren and their friends.
08:21He, however, complains that immediately after getting their orders, the kids spend time
08:26sticking their heads to the phones.
08:29Warren loves his sleep.
08:30After a long day of playing with figures, he retires to bed daily at 10.45pm and follows
08:36that bedtime routine religiously.
08:38A decent sleep for eight hours.
08:41That is how the Nebraska native legendary investor spends his time, both at work and
08:46at home.
08:47Final thoughts
08:49Like everybody else, Warren Buffett has had several setbacks in life, both as a business
08:54mogul and as an ordinary man.
08:57But his way of life is a blueprint to emulate for people seeking to reach greater heights.
09:02From being rejected to Harvard Business School, to his father-in-law predicting he would fail
09:06in his business quest, Warren teaches us the modesty and self-drive that most people in
09:11business lack.
09:13His business acumen makes it valuable to all the companies he has toiled to build.
09:17The biggest lesson that can be learned from this godfather of business is patience.
09:22It is no doubt that that patience is not the ability to wait, but how you act while
09:27you're waiting.