Warren Buffett maybe the second richest man in the world but every morning, depending on the stock market going up or down, he goes to McDonald’s and buys one item: If it’s a good stock market day he buys a Sausage & Egg McMuffin… A down day in the stock market and he buys just a simple Egg McMuffin.
This is what you learn in a new documentary on HBO called Becoming Warren Buffett. If you’re a fan of Warren like I am, then you are going to enjoy this doc. Buffett is now worth $74 Billion and this documentary shows his life as he continues to get wealthier — but don’t be fooled into thinking that you’ll learn any of his trade secrets!
I attempted to ask Warren that question when I spoke with him on the red carpet. He quickly replied, “Don’t try to guess the stock market. Do invest in it through an index fund over 20 or 30 years and you will have a very nice life. Do it every month, save a little every month.”
I quickly replied, “That’s boring!”
Although his investment technique is “boring,” this documentary is a nice insight into the world’s greatest investors.
In the doc you also get to see how the richest man in the world, Bill Gates ($84 Billion), and Warren became buddies. I asked Warren if Gates was smarter than him and he said, “Way smarter, he could give me 40 IQ points and he wouldn’t even notice!”
I’m not richer in the bank account but I was definitely pumped to have met the legend. I’ve just got to learn to be boring with my cash and I might have more of it in 30 years.
But where’s the fun in that!
–Brad Blanks/Shannon in the Morning