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"Whether we're discussing socks or stocks, I like purchasing quality product when it is discounted," Buffett wrote in Berkshire Hathaway's 2008 letter to investors.
What's that talking about betting? "The house generally wins." Buffett knows this, and that's what he's said "betting is an expense on obliviousness."
Buffett broadly utilized a Nokia flip mobile phone for quite a long time, in spite of the fact that he's since continued on toward an iPhone.
An engaged couple might easily spend hundreds of thousands of dollars on a lavish wedding. That's not Buffett's style.
He discussed his decision to purchase a Cadillac XTS premium automobile in a 2014 Forbes interview. He doesn't, however, change cars as frequently as someone with his bank account undoubtedly could.
Buffett's daughter Susan claims that in contrast to the silver-spoon wealthy lifestyle portrayed in Richie Rich comics, her parents raised their children in a typical environment.