As Gates once said , "That's about as good a metric as you will find. Tom Popomaronis is a commerce expert and proud Baltimore native. In , he was named one of the "40 Under 40" by the Baltimore Business Journal.
Like this story? Skip Navigation. Jennifer Liu. If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is — your life is a disaster. Don't miss: Warren Buffett was asked what he'd do differently to live a happier life—here's what he said Warren Buffett: This is the No. Buffett told his buddy Gates and Charlie Rose:.
You want to associate with people who are the kind of person you'd like to be. You'll move in that direction. And the most important person by far in that respect is your spouse.
I can't overemphasize how important that is. This belief has been in motion for a while. Marry the right person. I'm serious about that. When such a CEO is encouraged by his advisers to make deals, he responds much as would a teenage boy who is encouraged by his father to have a normal sex life.
Some years back, a CEO friend of mine—in jest, it must be said—unintentionally described the pathology of many big deals. This friend, who ran a property-casualty insurer, was explaining to his directors why he wanted to acquire a certain life insurance company.
After droning rather unpersuasively through the economics and strategic rationale for the acquisition, he abruptly abandoned the script. When you are with Warren, you can tell how much he loves his work.
It comes across in many ways. We are quite candid and not at all adversarial. Warren stays away from technology companies because he likes investments in which he can predict winners a decade in advance—an almost impossible feat when it comes to technology. Unfortunately for Warren, the world of technology knows no boundaries. One area in which we do joust now and then is mathematics.
Once Warren presented me with four unusual dice, each with a unique combination of numbers from 0 to 12 on its sides. He proposed that we each choose one of the dice, discard the third and fourth, and wager on who would roll the highest number most often.
He graciously offered to let me choose my die first. You choose first. Once he chose a die, it took me a couple of minutes to figure out which of the three remaining dice to choose in response.
Because of the careful selection of the numbers on each die, they were nontransitive. Each of the four dice could be beaten by one of the others: die A would tend to beat die B, die B would tend to beat die C, die C would tend to beat die D, and die D would tend to beat die A. This meant that there was no winning first choice of a die, only a winning second choice.
It was counterintuitive, like a lot of things in the business world. Warren is great with numbers, and I love math, too. Warren never makes an investment where the difference between doing it and not doing it relies on the second digit of computation. He knows what he likes to do—and what he does, he does unbelievably well. He likes to sit in his office and read and think. One point that Lowenstein makes that is absolutely true is that Warren is a creature of habit.
He grew up in Omaha, and he wants to stay in Omaha. Philanthropy Score 5. Residence Omaha, Nebraska. Citizenship United States. Marital Status Widowed, Remarried. Children 3. Buffett was rejected from Harvard Business School; he got a master's in economics from Columbia University instead. Net worth over time. Rational people don't risk what they have and need for what they don't have and don't need. Warren Buffett. More on Forbes Nov 7, In pursuit of Warren Buffett's call for restlessness, we can acknowledge our imperfection, expand our perspective, and limit our scope of influence.
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