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Time of India
07-05-2025
- Business
- Time of India
How Warren Buffett's McDonald's breakfast choice depends on the stock market's mood
, often hailed as the "Oracle of Omaha," is one of the most successful investors in history, known for his keen financial acumen and unshakable investment strategies. As the CEO and chairman of Berkshire Hathaway, Buffett has built an empire worth hundreds of billions of dollars, shaping the financial landscape over decades. Tired of too many ads? go ad free now However, despite his immense wealth and influence, Buffett maintains an unpretentious lifestyle, famously continuing to live in the modest home he bought in 1958 for just $31,500. Recently, Buffett announced his retirement as the CEO of Berkshire Hathaway, planning to step down at the end of the year and hand over the reins to Vice-Chairman Greg Abel. While much has been written about his investment strategies, one lesser-known aspect of his daily life is his unwavering breakfast ritual at McDonald's, a habit that intriguingly reflects his pragmatic approach to life and business. How the stock market shapes Warren Buffett's morning McDonald's ritual One of the most intriguing examples of Buffett's practical approach to daily life is his breakfast routine, which is closely tied to the performance of the stock market. Every morning, as he makes the short drive from his home to the Berkshire Hathaway headquarters, Buffett stops at McDonald's to pick up his breakfast. However, his choice of meal isn't random—it's directly influenced by the financial markets. In the 2017 HBO documentary Becoming Warren Buffett, the billionaire revealed that he bases his breakfast choice on how prosperous he feels each morning, which is often determined by the stock market's performance. Buffett's wife, Astrid Menks, places exact change in his car's center console each morning, reflecting the precise amount needed for one of three meal options: $2.61 – Two sausage patties, which Buffett combines into a sandwich, paired with a Coca-Cola. $2.95 – A sausage, egg, and cheese biscuit, selected when the market is stable. $3.17 – A bacon, egg, and cheese biscuit, his choice when the market is performing well. Buffett once quipped that if he felt less prosperous, he would opt for the $2.61 meal, skipping the pricier biscuit. 'When I'm not feeling quite so prosperous, I might go with the $2.61,' he explained, reflecting his famously cautious financial mindset. Warren Buffett's unconventional lifestyle Despite his status as one of the wealthiest people on the planet, Warren Buffett has resisted the trappings of extreme wealth, maintaining a simple lifestyle that often contrasts sharply with those of his billionaire peers. Tired of too many ads? go ad free now He still lives in the same five-bedroom house in Omaha, Nebraska, that he purchased over six decades ago. Unlike the sprawling estates and luxury compounds often associated with billionaires, Buffett's home is a humble, unassuming property, reflecting his down-to-earth nature. Buffett's frugality extends beyond his choice of residence. Known for driving modest cars and disapproving of extravagant personal spending, he has often expressed a preference for investing in quality businesses over indulging in material excess. This practical mindset is a hallmark of his investment philosophy, which emphasizes long-term value and financial discipline. Warren Buffett's diet secrets: Why he chooses Coke over health food Buffett's breakfast choices extend beyond just the McDonald's menu. He is also known for his lifelong love of Coca-Cola, reportedly drinking five cans a day. His preference for the soda giant's products is more than just a personal quirk—it also reflects his long-standing investment philosophy. Berkshire Hathaway is one of Coca-Cola's largest shareholders, with a stake worth billions. Buffett has often defended his unusual diet, pointing out that he is content with his choices. In a 2023 CNBC interview, he remarked, 'If somebody told me I would live an extra year if I ate nothing but broccoli and a few other things all my life instead of eating what I like, I would say take a year off the end of my life and let me eat what I like to eat.' His unapologetic approach to diet and lifestyle is a testament to his broader philosophy on life—prioritizing happiness and personal satisfaction over rigid discipline. Why Warren Buffett eats like a 6 year old – inside the billionaire's sweet tooth strategy Buffett's unconventional eating habits extend beyond breakfast. He once joked that he eats like a six-year-old, consuming a diet rich in sugary snacks, soda, and fast food. 'I checked the actuarial tables, and the lowest death rate is among six-year-olds, so I decided to eat like a six-year-old,' he once quipped, highlighting his characteristic blend of humor and financial logic. This playful, yet financially grounded approach to life has helped him maintain a positive outlook, which he believes is crucial for longevity and success. 'I think happiness makes an enormous amount of difference in terms of longevity. I'm happier when I'm eating hot fudge sundaes or drinking Coke,' he said, reinforcing his belief that contentment is a key ingredient for a long and fulfilling life. Warren Buffett's legacy: The investor who never forgot his roots As Buffett prepares to step down from his role as Berkshire Hathaway's CEO, he leaves behind a remarkable legacy not just as a shrewd investor, but as a businessman who never lost touch with his roots. His unpretentious lifestyle, disciplined investment approach, and unwavering focus on long-term value have made him a role model for millions around the world. As he passes the torch to Greg Abel, the financial world will watch closely to see if the principles Buffett built his empire on—thrift, long-term thinking, and a focus on fundamentals—will continue to guide one of the world's most influential conglomerates.
Yahoo
06-05-2025
- Business
- Yahoo
You're More Like Warren Buffett Than You Think
Warren Buffett at the world premiere of the HBO film 'Becoming Warren Buffett' in 2017. - Nancy Kaszerman/Zuma Press This column originally appeared in the WSJ's Markets A.M. newsletter. to receive it in your inbox every weekday. Suggesting you can invest like Warren Buffett sounds crazy. Most Read from The Wall Street Journal The man has been an epic compounding machine, turning a dollar invested at the start of his professional career into about $365,000 today. Buffett's ferocious intelligence, preternatural patience and long run—during a great time to own U.S. stocks—make it basically impossible for anyone else to match his record. But, compared with professional investors, it is much easier for a little bit of that magic to rub off on your portfolio. Buffett was never about making a quick buck, and everyday investors can play the same long game. The fact that Buffett wasn't a portfolio manager, strictly speaking, after the late 1960s gave him incredible freedom. He made concentrated bets like Coca-Cola and Apple. He ignored critics who said he had lost it, such as during the tech bubble. He shrugged when flash-in-the-pan managers like Cathie Wood were anointed the 'new Warren Buffett.' It hasn't just been a straight ride higher. During his six-decade run atop Berkshire Hathaway, Buffett has trailed the market a third of the time and lost money in 11 years. It surely bothered him, but much less than it would a pro fund manager facing career risk. Likewise, he never faced pressure to own the Nifty Fifty, Cisco, Nvidia or other fashionable stocks. An attendee at the Berkshire Hathaway annual meeting Saturday. - Brendan McDermid/Reuters It is well known that 90% of mutual-fund managers will lag behind their benchmark over a decade. Less known is that investors in their funds do even worse, trailing their return by 1.1 percentage points, on average, according to Morningstar. On the other hand, a value-stock portfolio—those in the waters where Buffett has fished—has beaten the broad market by an average of 2.7 percentage points a year over the decades. Not only don't you have to cave to the pressures faced by the pros. You also can buy and hold the dull stocks, or index funds owning them, while ignoring the market's fads and gyrations. Consider two 21-year-old college graduates who each save $3,000 a year until they turn 65. One succumbs to typical emotional-timing errors and return-chasing behavior. The other instead captures just half of the long-run value premium that enhanced Buffett's returns (it isn't what it used to be).
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Business Standard
04-05-2025
- Business
- Business Standard
Warren Buffett's 94-yr routine: McDonald's, Coca-Cola, a life of no regrets
Warren Buffett just made headlines by announcing his official step-down as CEO of Berkshire Hathaway, a role he's held for 60 years. But what's equally fascinating is how Buffett, 94, continues to live: with five cans of Coca-Cola a day, McDonald's breakfasts based on market moods, and no exercise. During Berkshire Hathaway's annual shareholder meeting on Saturday, Buffett defended his junk-food diet and distaste for exercise. "For 94 years, I've been able to drink what I want, do what I want, and I've defied all the predictions of what should've happened to (Munger) and I never really exercised all that much. We were carefully preserving ourselves," he said. Seated with two cans of Coca-Cola and a box of See's Candies on the table in front of him, the billionaire investor reflected on life, health, and happiness. "Bad things do happen," he said, "but overall, life has been pretty good." Despite the "bad breaks", he emphasised a 40-year span of mostly positive life experiences, rooted in simple joys, personal freedom, and ignoring gloomy predictions about ageing. An unapologetic diet of junk food Buffett's daily routine has remained unchanged even in his 90s. His diet famously includes hot dogs, fries, popcorn, cookies, and candy, unapologetically unhealthy favourites. "I checked the actuarial tables," he once joked, "and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old." He said to CNBC in 2023, "If somebody told me I would live an extra year if I ate nothing but broccoli and a few other things all my life instead of eating what I like, I would say take a year off the end of my life and let me eat what I like to eat." In a December 2024 article by the Chronicle of Philanthropy, Susie Buffett confirmed that her father still lives in the same Omaha home he purchased in 1958 for $31,500 and regularly stops by McDonald's for breakfast. According to his documentary, Becoming Warren Buffett, his McDonald's breakfast is based on the stock market's performance. If the market is up, he might splurge on a bacon, egg, and cheese biscuit. If it's down, he opts for the more modest two-sausage patty order, paid for in exact change, his wife puts in the car. Apart from grabbing McDonald's for breakfast during his morning commute, he also consumes at least five cans of Coca-Cola daily, split between office hours and home, preferring regular Coke during the day and Cherry Coke at night. He also regularly indulges in Dairy Queen ice cream. He has even made Coca-Cola and Kraft Heinz two of Berkshire Hathaway's largest holdings and acquired companies like See's Candies and Dairy Queen. 'I think happiness makes an enormous amount of difference in terms of longevity,' Buffett said in a 2023 interview. 'And I'm happier when I'm drinking Coke or eating hot fudge sundaes or hot dogs.' No gym, no wear and tear Buffett admits he and his late business partner, Charlie Munger weren't exactly gym rats. At the annual shareholder meeting, he shared how both men chose not to exercise much over the decades. "We preserved ourselves," he said with a grin, suggesting that not constantly pushing their bodies may have helped them stay physically stable over time. He cited the physical toll on professional athletes as a strong reason to avoid joining baseball or basketball teams, arguing that it highlighted the potential dangers of excessive exercise. Buffett, who also has access to the world's best healthcare and specialists, has proven that longevity, mentally and professionally, is a strong argument for finding what works for you, even if it breaks every rule in the health book.
Business Insider
03-05-2025
- Business
- Business Insider
I ate like Warren Buffett for a week — and it was miserable
The cornerstone of the Buffett diet: Cherry Coke. In 2015, Buffett told Fortune he was "one-quarter Coca-Cola." Buffett said he favored either Diet Coke or Cherry Coke and had at least five cans of the soda a day. I decided to opt for exclusively Cherry Coke throughout the week, as I'm not the biggest fan of the taste of plain Coke. I am, however, a fan of cherry and cherry-adjacent soda products like Dr. Pepper and Cheerwine (it's a North Carolina thing — Google it). I also couldn't purchase cans of the stuff at my local grocery store, but a two-liter works out to 5.6 cans a day, within the ballpark of Buffett's consumption. Thus, I decided to go with one of these each day. If you're wondering, that works out to 252 grams, or 0.56 pounds, of sugar a day from the Cherry Coke alone. That's right — I got 84% of my recommended daily carbohydrate intake from just the sugar in the Cherry Coke. I didn't initially do the math on the sugar content of the Cherry Coke, believing it was better to go into the week with a bit of blissful ignorance. While I had assumed it would be rough consuming all of the syrupy-sweet drink, I couldn't anticipate the full devastation the Coke would have on my mood. On the first breakfast of the week, I was nervous but had a supply of foolish confidence in my ability to handle what was ahead. In the HBO documentary "Becoming Warren Buffett," the legendary investor said his breakfast each day came from McDonald's and was dictated by the stock market. Typically, Buffett gets breakfast once the market is open. If stocks are up, he gets a bacon, egg, and cheese biscuit. If they're down, he opts for a cheaper breakfast of two sausage patties. If the market is flat, as it was Monday morning before the open, he goes for the sausage McMuffin. I get to work around 7:30 a.m. ET every day, which means I had to base my McDonald's selection on the premarket futures, which tend to be a bit harder to gauge. Regardless, I decided to try to factor in a bit of qualitative analysis based on the overseas markets and the previous day's close (and, by the end of the week, what I could tolerate). The first breakfast wasn't too challenging. The biggest issue was the lack of coffee, as Buffett doesn't drink the stuff. I decided to front-load the Cherry Coke to get the caffeine I usually got from my coffee while also preventing myself from drinking soda well into the night. Additionally, I'd decided to keep track of my weight each morning and night. For the calorie counts, the Cherry Coke totals are added to the count at dinner, since they were dispersed throughout the day. The Cherry Coke hit me like a ton of bricks. I don't drink much soda — I drink mostly water and coffee at work — so the sudden increase in the amount of corn syrup in my diet made me feel incredibly sluggish. Plus, the sugar high was so off the charts that I almost felt the tingle of the carbonation in my fingers as I was typing. Then again, I also put down half of the two-liter before 11 a.m. in an attempt to front-load the caffeine. My inner child was excited to have ice cream in the middle of the day. The chili-cheese dog excited me less. The bun on the Dairy Queen dog was spongy, but not like an angel food cake — like an actual kitchen sponge. The hot dog tasted very salty. The sundae was delightful. Buffett says he typically gets cherry syrup on his DQ sundaes, which was not an option at my Manhattan location. I did get his preferred chopped nuts on top. I was feeling pretty weighed down at this point. I don't have a big lunch most days — a salad at most — so the extra calories and copious sugar made me feel bloated. I cheated a bit on dinner for the evening, getting chicken parmigiana, which Buffett usually has as a side. (!) By the evening, I was feeling a bit better, possibly because I finished the Coke around 2 p.m. The big test was running. I typically try to run four to five miles a day after work, and I was dreading how I would feel. I imagined keeling over and puking into the East River. To my surprise, it was fine. I was probably a step slower than normal, but I didn't feel too awful. Dinner was heavy — I couldn't finish the whole serving — but at the end of Day 1, I was doing half decent. Dinner calories: about 1,500 Total daily calories: 3,520 Monday evening weight: 171.2 pounds The second day started much better. I lost sleep on Sunday night worrying about the challenge ahead, but after feeling decent at the end of the day, I got a good night's sleep. Stock futures were up on Tuesday, so I decided it would be fair to get a bacon, egg, and cheese biscuit. Coming from the South, I preferred this option over the semi-soggy McMuffin from the day before, and I felt confident as I tucked into breakfast and the second giant bottle of Cherry Coke. For lunch, I went for a burger — another Buffett favorite. Now, many of my coworkers said I cheated by going with Shake Shack instead of some local restaurant, but you know what? I was the one suffering, and I deserved a slight luxury. Another signature Buffett trait is an excess of salt, as John Stumpf, the former Wells Fargo CEO, once described. "When the food comes, Warren grabs a salt shaker in his left hand and one in his right, and it's a snowstorm," Stumpf told Bloomberg in 2014. So I threw a little extra sodium on the french fries before dipping them in the chocolate shake. By Tuesday afternoon, I was ... not feeling well. Dear God, did I make a mistake? Again, I attempted to front-load the Cherry Coke, and by 2 p.m. I was more than two-thirds of the way done with the two-liter. Not only that, but the heavy meal — especially the milkshake — was crushing my will to live. I was jittery, grumpy, exhausted, unfocused, and downright distraught. The sugar from the Coke (roughly a half-pound a day) was causing surges and drop-offs in energy. The increase in meat consumption was making me sweat more than usual (weirdly enough, from my kneecaps, of all places). The bloating was making my back hurt. I was a wreck after less than 48 hours. Tuesday night might have been my low point, as evidenced by my sad dinner spread. In the middle of my run that evening, I texted a coworker expressing my dismay at my physical state. I was going noticeably slower than I had the day before, and I couldn't make myself run faster. My legs simply wouldn't move as I wanted. Upon getting back to my apartment from the run, I was, as my notes say, "**WRECKED**" by stomach cramps. My roommate walked in as I was sitting on our couch, doubled over, and asked me whether I was sure I wanted to keep going. I finally got myself together, and, unable to muster the strength to figure out a proper meal, I just made two hot dogs and ate some Utz chips — another brand Buffett loves. I went to bed Tuesday night feeling much less enthused about the prospects for the rest of the week. Dinner calories: about 650 Another day, another bacon, egg, and cheese. For lunch, I went back and found one of Buffett's go-to lunch orders at Gorat's, an Omaha, Nebraska, institution. I ordered an open-faced turkey sandwich with bacon and Thousand Island dressing from Eisenberg's, a local sandwich shop. I was served a closed-faced, sliced turkey sandwich with bacon and Thousand Island dressing. I wasn't going to split hairs, so I took it back to the office as it was. The meal was finished off with fries and some Cherry Coke. You may ask: "Bob, did you put extra salt on the fries like you said Buffett always does?" My answer? Yes, I did. Hope you're enjoying my suffering so far. Lunch, Day 3: Turkey sandwich with bacon and Thousand Island dressing from Eisenberg's Sandwich Shop; french fries; Cherry Coke Lunch calories: about 900 Dinner on Wednesday was veal parmigiana with an indulgence: a Hawaiian Punch. I can't prove Buffett likes fruit punch, but, hey, it was my favorite when I was 6. I walked home on Wednesday and then went for a run. I felt as if the sugar, syrup, and grease leaked from my belly to my legs. Children were passing me on the street during my walk home, and I'm usually a fast walker. Imagine having maple syrup in your joints and muscles — that's what I felt like. Dinner, Day 3: Veal parmigiana from ; water Dinner calories: 1,060 Total daily calories: 3,310 Wednesday evening weight: 172.4 pounds Futures were down, so I ordered two sausage patties for breakfast. But upon arriving at work, I realized the McDonald's workers gave me only one. This may be the point to mention that I've done terrible things to my body before, and this was the worst. I'm no stranger to massive dietary changes — I gained 80 pounds in college and then lost 45 pounds in three to four months after I graduated. (I overestimated my pay as an intern and underestimated NYC rents.) That is to say: I've done some terrible things to my body via my diet before. Even at my heaviest, I never felt this run-down. The weird thing though was that I was still hungry at every meal. At this point on Thursday, I was running out of ideas, and honestly, I was busy with work, so I just gave up and got McDonald's. Fun fact: Buffett once used coupons to buy Bill Gates' lunch at McDonald's. Oh, another reason this was such a terrible idea: I cover policy here at Business Insider, including healthcare and taxes — and, of course, I decided to try the Buffett diet on the week that Republicans again attempted to repeal Obamacare (no, the irony did not escape me) and rolled out their most detailed tax-reform framework yet. This meant that amid my midafternoon sugar crash, I was typically forced to pull myself out of the fog and write something of substance. To be fair to myself, I did write a considerable amount over the five days. You'd have to ask my editor whether my diet hurt the quality of my writing, but I stand by everything I published. Buffett once ordered a country (or chicken) fried steak with Jay-Z, so I had to get it for a meal. I really like country-fried steak (see my previous comment about being from the South). This one was from Cowgirl in the West Village. Buffett isn't a big fan of broccoli, much less collard greens, so I did cheat a bit. But, c'mon, actual collard greens at a restaurant in the North? I had to try them. Alas, they were bad. I went with a coworker and couldn't finish the steak and mashed potatoes — not to worry, salt was added in extreme amounts, prompting her to call me "weak." I replied I would take the leftovers home and finish them later (we were eating fairly early), but I happened to "forget" the bag as I left. In a surprise to probably no one, the gravy sat heavy in my stomach. Walking to the subway, I was happy that here was only one day left, but I felt terrible. Dinner calories: 1,540 Thursday evening weight: 172.4 pounds Of course, Buffett eats ice cream for breakfast. Of course, I was the idiot who saved it for the last day. Bob Bryan/Business Insider Remember what I said about getting used to it? Not so much on Friday morning. I have never enjoyed ice cream less. That's really all I have to say about this meal. Breakfast, Day 5: Ben and Jerry's Phish Food ice cream; Cherry Coke Breakfast calories: 870 Friday-morning weight: 170.4 pounds What if Buffett just says he eats all of this food to make other people like me buy it and boost the sales of his investments? Bob Bryan/Business Insider Buffett owns Dairy Queen and holds considerable stock in McDonald's and Coca-Cola. Sitting down for my final lunch, I realized I probably made the guy a lot of money that week. The thought struck me mid-bite of an M&Ms Blizzard: I was a sucker. Buffett is a self-mythologizer — a folk hero who presents himself as a kind grandfather but has made it in the vicious investment world. He's a ball of contradictions and social oddities. I couldn't put it past him to deceive the few interviewers he trusts to cast the glow of the cult of Buffett. On the other hand, surely people see him at these restaurants. He wouldn't lie about his diet just to get a few suckers to boost his sales, would he? Lunch, Day 5: Dairy Queen chili-cheese dog; french fries; M&M Blizzard; Cherry Coke Lunch calories: 1,400 Here's all the Cherry Coke I consumed during the week. Bob Bryan/Business Insider By Friday, the sugar-and-caffeine crash had become easier. I had learned how to manage the timing and frequency of my Coke intake to ensure a solid energy reserve all day. But I still felt awful after I finished a bottle. Here's some fun math on the amount of Cherry Coke I consumed in the week: • Total amount: 338 fluid ounces, or 2.64 gallons. • Calories: 4,500. • Sugar: 1,260 grams, or 2.78 pounds. • Caffeine: 1,020 milligrams, or 204 a day. (An average cup of coffee, 8 fluid ounces, has 95 to 165 milligrams.) For dinner, I went with a few coworkers to Smith & Wollensky, Buffett's favorite New York City restaurant. Buffett comes here once a year for a dinner, at which a lucky bidder joins the Oracle of Omaha himself. In 2016, the meal went for $3.4 million. All the proceeds are given to charity. I was joined by four of my coworkers to bask in the final meal of my epic run. I contacted the restaurant earlier in the week to say what we would be there for, and the staffers did everything to make my experience as authentic as possible. We sat in the private alcove where Buffett sits when he visits, with a full glass wall looking into the kitchen. There was a plaque with Buffett's name on it and a letter from him framed on the wall. I asked our waiter, Baci, who had served Buffett on his trip to NYC in August, to bring me what the man ate. This was a mistake. Dennis Green/Business Insider We started with something off-menu called the "seafood bouquet." It featured lobster, shrimp, and lump crab meat. The seafood was divine — though it was chilled, and I typically enjoy seafood hot. I began to feel a bit uneasy as I dined on the appetizer, thinking back to everything I had put down that week. I wanted to have an authentic meal at a favorite location of Buffett's, but could I survive to the end? Also, I must admit here that I broke the Buffett rules by having a bit of wine. But it was the end of the week, and can you really blame me? Next, the steak: a 32-ounce Colorado rib-eye. Dennis Green/Business Insider In what can only be compared to the primitive tomahawk of a caveman, the mighty Colorado rib-eye emerged on a plate still sizzling. At that point, a glorious, freeing sense of debauchery overtook me, and I laid all of the terrible meals of the last week to the side. The steak was a knockout. For the first three-quarters of a pound, I consumed it with reckless abandon, ignoring the inevitable food hangover that was surely coming. The rib-eye was cooked to perfection and cut beautifully, and it contained just the right amount of fat. When I hit the wall — and I hit it hard — there was an overriding sense of disappointment that I simply couldn't finish the meal. The final tallies for dinner were, in a word, monumental. Dennis Green/Business Insider I wasn't even drunk from the wine, but the meal knocked me out. I was struggling to form coherent thoughts as all the blood ran from my brain to my stomach, attempting to handle the influx of fat, protein, and sugar. My coworkers and I ambled toward Grand Central Terminal, and I felt dazed. We decided against a post-dinner drink, and wandering off from the rest of the group, I felt unsure on my feet. I huffed and puffed my way back to my apartment near Chinatown, sweating pure steak grease. Upon making it back, I collapsed on the floor of my living room. I dozed off for a little over an hour, trying to pretend my stomach wasn't bursting at the seams. Dinner, Day 5: Seafood bouquet, 32-ounce Colorado rib-eye steak, hash browns, creamed spinach, and coconut cake from Smith & Wollensky; red wine; water Dinner calories: 3,343 Total daily calories: 6,513 Friday evening weight: 175.2 pounds What did I learn? Elena Holodny/Business Insider Let's get this out of the way: Don't eat like Warren Buffett unless you are Warren Buffett. The man himself says to be yourself instead of copying him. This applies not only to investing but also to dieting. My experience was miserable, and I realized why I committed myself to eating healthy when I moved to New York. Being sluggish and moody during the day just isn't fun. It's also a good lesson in recognizing limits. Buffett apparently has none; I very much do. And, finally, I now understand Buffett's investing strategy perfectly! Just kidding. I just have a few extra pounds to work off and a good story. Average calories a day: 4,107.4 Total calories over five days: 20,537 Weight gain, Monday morning to Saturday morning: 2.4 pounds Weight gain, Monday evening to Friday evening: 4 pounds
Yahoo
23-02-2025
- Business
- Yahoo
Warren Buffett: A Look Inside the Billionaire Mogul's Daily Routine
Investing is a marathon, not a sprint. Finding a financial routine that works for you can be just as effective as making one big 'lucky' decision. Try It: Learn More: Just ask billionaire investor Warren Buffett, who has a surprisingly simple yet focused daily routine. A recent article tracks what he does between being awake to his slumber and how his daily routine informs his success. Buffett rises each morning and drinks a can of Coca-Cola before heading to his local McDonald's for breakfast. In the 2017 HBO documentary 'Becoming Warren Buffett,' he reported that when he feels prosperous he buys a bacon, egg and cheese biscuit, which was just $3.17 at that time. Discover More: 'The market's down this morning,' Buffett told the crew filming his routine. 'I'll pass up the $3.17 and go with the $2.95.' Some might question the necessity of saving 22 cents when his net worth is $146.2 billion, but Buffett plays the long game. He understands that seemingly small financial decisions can have massive consequences. For example, imagine it's 1965. Warren Buffett has bought Berkshire Hathaway, and a share costs $19 that year. You save 25 cents a day for 76 days, then take your $19 and invest. Fast-forward to the holiday season of 2023. You've held onto your single Berkshire Hathaway share, which has now increased in value by nearly 4,400,000%. Your 25 cents a day are worth $833,121. Every savings opportunity counts. Buffett spends his workday reading in his office. He spends the most time researching investments using company financial documents, investor reports, and industry publications. When researching an investment, Buffett delves deeply into the company's story. He reads about as much of the history as possible, tracking its progress and financials, and examines its growth strategy. Understanding your investment target is a cornerstone of Buffett's financial strategy. 'What an investor needs is the ability to correctly evaluate selected businesses,' he wrote in a 1996 letter to shareholders. Note that word 'selected.' You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital. When you understand what a company does, your research is more effective and efficient. You can interpret company financials and understand why the organization performed as it did. More importantly, you can critically assess strategy and decide whether it looks promising. You don't need doctoral-level expertise, but understanding the basics is essential. Buffett has always prioritized work-life balance. He gets home from the office between 5 and 6 every evening, which is usually after another trip through the McDonald's drive-thru. This is noteworthy because, according to Finty, Buffett becomes frustrated when others don't respect his boundaries. Leaving work on time may not be the sole secret behind Buffett's success, but balance almost certainly helps him make better decisions. Taking personal time reduces stress, which can impair a person's ability to make rational decisions. By closing the books at 4 or 5 p.m., Buffett lets his brain reset and prepare to make good decisions the next day. After enjoying his evening away from work, Buffett puts himself to bed at 10 p.m., reads for half an hour, and turns out the light by 10:45 p.m. His simple lifestyle may seem at odds with his status as a legendary investor, but it works. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 The Money You Need To Save Monthly To Retire Comfortably in Every State Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your PaycheckThis article originally appeared on Warren Buffett: A Look Inside the Billionaire Mogul's Daily Routine Sign in to access your portfolio
