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Japan Forward
24-05-2025
- Business
- Japan Forward
Warren Buffett, A Japanese Love Call
It really is the end of an era. Warren Buffett, the greatest investor of modern times, is to retire at the age of 94. While maintaining his optimism about America, he has not made any significant new investments in his home market for some years. Even the sharp sell-off caused by President Donald Trump's tariff announcement on April 2 was not enough to entice him to deploy some of his record-breaking $334 billion cash pile. The message appears to be that United States stocks will have to get much cheaper before they become attractive in the eyes of the Sage of Omaha and his chosen successor, Greg Abel. The announcement was made at the annual shareholder meeting of his listed vehicle, Berkshire Hathaway, in early May. This event attracts tens of thousands of participants from far and wide, hence the nickname of "Woodstock for capitalists." Buffett's comments were particularly notable this year because it was the last time for him to respond to questions in that homespun but often illuminating style that he perfected. Particularly interesting was the praise he lavished on the five Japanese companies he has invested in – trading houses Mitsubishi Corporation, Mitsui & Co, Sumitomo Corporation, Itochu Corporation, and Marubeni. "We don't have any intention of trying to change what they've done because they do it very successfully," he declared. "Our main activity is just to cheer and clap." Warren Buffett answers questions on the monitor at the shareholders' meeting held in Omaha, Nebraska on May 3. (©Reuters) He also had a typically folksy take on cultural differences, noting that the best-selling Coca-Cola product in Japan is Georgia canned coffee. Meanwhile, Buffett's favorite, Cherry Coke, is much less popular. "I haven't converted them to Cherry Coke, and they're not going to convert me to Georgia coffee. But it's a perfect relationship." Buffett went further than mere flattery, stating that he hoped Berkshire Hathaway would hold its positions in the five traders for another fifty years. Coming from anyone else, such a comment might seem jokey or fanciful. But Buffett is renowned for his patience and long-term perspective. This is the man who studied the business record of IBM for fifty years before deciding to invest; who has held the stock of Coca Cola since 1988; who snapped up America's largest railway company in its entirety because "it was an opportunity to buy a business that will be around for one or two hundred years." Japan understands durability, too. More than half of the world's oldest companies are Japanese. The Sumitomo Group started in 1590. Japan's Mitsui family began business in 1673. Mitsubishi, though, is a relative newcomer, having been founded in the late nineteenth century. Buffett came to Japan late in life and via a circuitous route. An Israeli technology company in which he had bought a major stake had a Japanese subsidiary. And in former times, it was a listed company called Toshiba Tungaloy. With its factory in northern Honshu, it suffered damage from the devastating earthquake and tsunami that hit Japan in 2011. Buffett visited the stricken area and showed solidarity with the staff. Despite the wealth that Berkely Hathaway has amassed over the decades, Buffett leads an unassuming lifestyle in Omaha, Nebraska. Sometimes he takes breakfast at his local McDonald's, and he is a longstanding critic of "egregious" executive pay. The generally modest level of remuneration in Japan for CEOs and other key figures was appealing to him. He's mentioned it on several occasions. When did Buffett set his sights on the five traders? It's unclear, but my sharp-eyed colleague Ben Williams spotted the great man browsing a Japanese company handbook (an indispensable digest of corporate data) in a 2012 CNN feature. Buffett himself cites the solid dividends and share buybacks, which are part of Japan's recent corporate governance reforms, for clinching the deal. Without that change in corporate and investor culture, it is doubtful that Buffett would have bothered. Buffett and his team made the initial investments in 2020. Such is the enormous scale of Berkshire Hathaway's financial assets that taking a stake in just one of the Japanese traders would hardly have moved the dial, even if the stock did well. Buying into all five was unorthodox but delivered an excellent return. Especially when financed by Japan's super-low interest rates. Warren Buffett attends the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, in May 2024. (©Reuters via Kyodo) Will Berkshire Hathaway invest in other Japanese companies? It is feasible but unlikely. There are many excellent candidates with inexpensive stock market valuations, but very few that are of sufficient size to make a difference to Berkshire's portfolio. On the other hand, it may continue to add to the existing stakes in the trading houses, if managements consent, as was set out in the original agreements. There is another intriguing possibility. On many occasions, including the recent shareholders meeting, Buffett and his team have expressed a strong desire to collaborate with the trading houses. What would such a collaboration look like? Probably it would involve large-scale infrastructure. Perhaps related to the energy needs of Japan and other Asian countries. Two years ago, Buffett's late partner, Charlie Munger, deplored the geopolitical fissure that had opened up between the US and China. It was, he termed, "stupid, stupid, stupid." Now the geopolitics are much worse and, as Buffett noted, trade wars can easily morph into shooting wars. It would be a fitting counterexample of the benefits of trade and openness if the great company created by Warren Buffett and Japan's famed trading houses could come together and build something new and substantial. Author: Peter Tasker Find other essays and analyses by the author on JAPAN Forward .
Yahoo
17-05-2025
- Entertainment
- Yahoo
Warren Buffett Says His Daughter Sends Photos of His Mayo And Gravy-Laden Meals to His Doctors — 'They Learned to Give Up'
Warren Buffett has never made any apologies for his diet—and he certainly isn't starting now. The 94-year-old investing icon is just as famous for his love of Cherry Coke and fast food as he is for picking winning stocks. He drinks multiple cans of Cherry Coke a day, starts his mornings with McDonald's, and owns Dairy Queen. If it's loaded with sugar, salt, or nostalgia, there's a good chance it's on Buffett's plate. In a memorable moment from the 2019 Netflix documentary "Inside Bill's Brain: Decoding Bill Gates," Buffett gives viewers a glimpse into the culinary side of the Oracle of Omaha—one that's unapologetically rooted in comfort food and childhood favorites. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The scene begins with Buffett and Bill Gates playing bridge, a game Buffett has long described as the perfect mental workout and a personal obsession. From there, the pair move on to lunch, where their decades-long friendship plays out not over market talk, but burgers, Cokes, and milkshakes. Two of the world's richest men, bonding over greasy food like old college roommates. In front of Buffett: a hamburger, a Coke, and what looks to be a strawberry milkshake crowned with whipped cream. Buffett immediately pops the top bun off his burger and starts shaking salt over the patty. Then he shakes some more. And some more. It's less seasoning, more snowfall. Without missing a beat, he shrugs and offers the kind of Buffett logic that only he could get away with: "I really found what I like to eat by the time I was six. Saved a lot of experimenting since then by just continuing to put a lot of salt on hamburgers and go to it." Gates, watching the ritual unfold, asks if his doctors ever push back on his dietary choices. Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — Buffett, grinning and wiping his mouth, replies, "They learned to give up." But his daughter hasn't. Buffett reveals that she takes a more proactive approach—documenting his meals and keeping his medical team in the loop whether he likes it or not. "My daughter keeps taking pictures. She had a picture of me the other day with a ton of mayonnaise on something, e-mails it to all of my doctors and they all immediately respond." And it's not just mayo. "She's taking pictures of potatoes with gravy," Buffett adds, raising his hand to mimic a towering pile. "I like to size things." The conversation eventually shifts to global health, as Buffett asks Gates about progress on polio eradication. But the image that lingers is Buffett, just a couple years shy of 90 at the time, joyfully ignoring medical advice and doubling down on the foods he's loved for decades. For Buffett, the secret to long life might just be simple: bridge with friends, burgers with extra salt, and absolutely no experiments with kale. Read Next: Maximize saving for your retirement and cut down on taxes: . Invest where it hurts — and help millions heal:. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Warren Buffett Says His Daughter Sends Photos of His Mayo And Gravy-Laden Meals to His Doctors — 'They Learned to Give Up' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Warren Buffett Says He Made An 'Incomprehensible Sum' Doing What He Loves — But The Money Means Little: 'Society Has A Use For My Money; I Don't'
Warren Buffett has worn the title of "richest man in the world." He's built one of the most powerful holding companies in history. And he's spent decades casually throwing around billion-dollar deals like most people swipe for lattes. Yet, in his own words, he doesn't need the money. In 2021, in a statement titled "Comments by Warren E. Buffett in Conjunction with His Annual Contribution of Berkshire Hathaway Shares to Five Foundations," Buffett wrote: "Over many decades I have accumulated an almost incomprehensible sum simply by doing what I love to do... Society has a use for my money; I don't." Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — According to Forbes, he's donated roughly $62 billion since 2006—part of his long-standing pledge to give away more than 99% of his wealth. Unlike many billionaires who cling to their fortunes or spend it on jets, islands, or ego projects, Buffett's message has been the same: he doesn't need it, he doesn't want it, and he's more than happy to let society put it to better use. Buffett has made it clear—again and again—that money holds no personal appeal. In a 2016 interview on "The David Rubenstein Show", he said, "Money in terms of making trips or owning more houses or having a boat or something — it has no utility to me whatsoever." This is a man who could buy a skyscraper every time he gets bored—but he lives in the same house he bought in 1958 for $31,500 and says no other home would make him happier. He drives a 2014 Cadillac with hail damage. He drinks Cherry Coke like it's water. Trending: Here's what Americans think you need to be considered wealthy. And while the average millionaire might spend weeks negotiating over a single property, Buffett once bought a $4 billion company—Israeli metal giant Iscar—without ever stepping foot inside. Another time, he acquired the RV company Forest River after a 20-minute chat with the founder. Although in 2021—when he made the statement about accumulating "an almost incomprehensible sum"—his plan was to give his fortune to five foundations, that's since changed. In 2025, Buffett revised his estate plan: the remaining $130 billion will instead be transferred to a charitable trust overseen by his three children—Susan, Howard, and Peter. All decisions about how the money is distributed must be made unanimously, a structure Buffett believes will lead to careful, collaborative giving. Buffett calls his brand of giving "painless," because he's not giving up anything he personally needs. "I've made no sacrifice," he said. And he means it. His joy doesn't come from spending—it comes from doing what he loves: investing, building, buying, and reading company reports for fun. Read Next:Nancy Pelosi Invested $5 Million In An AI Company Last Year — Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Warren Buffett Says He Made An 'Incomprehensible Sum' Doing What He Loves — But The Money Means Little: 'Society Has A Use For My Money; I Don't' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Economic Times
07-05-2025
- Business
- Economic Times
What fuels a billionaire: Coca-Cola for Warren Buffett, beetroot juice for Nita Ambani
Nita Ambani swears by beetroot juice. Warren Buffett sips five cans of Coca-Cola a day. One walks 5,000 steps daily, the other prefers not to. As Buffett, 94, prepares to step down as chief executive of Berkshire Hathaway, the contrast between the Oracle of Omaha and Reliance Foundation chairperson Nita Ambani couldn't be more pronounced—one thrives on indulgence, the other on discipline. ADVERTISEMENT For Warren Buffett, longevity tastes like Cherry Coke and McDonald's. For Nita Ambani, it's beetroot juice and yoga at dawn. Together, they offer a striking study in how two billionaires have chosen to navigate health, aging, and longevity. Speaking at Berkshire's recent shareholder meeting, Buffett joked about sidestepping conventional health wisdom. 'I've been able to drink what I want, do what I want, and I've defied all the predictions,' he said, seated between two cans of Coke and a box of See's Candies—another Berkshire holding. The billionaire investor gets roughly a quarter of his daily calories from Coca-Cola. His preferences extend to hot dogs, fries, popcorn, cookies, and candy, consumed with the consistency of ritual. At McDonald's, he selects his breakfast based on the stock market's performance—spending anywhere between $2.61 and $3.17, paid in coins his wife places in his car. His reasoning? 'I checked the actuarial tables,' he once said. 'The lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.'Half a world away, Nita Ambani takes a markedly different approach. Her daily routine begins with beetroot juice—rich in antioxidants, nitrates, and vitamins—which she consumes once or twice a day. The beverage is just one part of a meticulous wellness regimen that includes yoga, swimming, strength training, and a strictly vegetarian, sugar-free 61, Ambani credits her discipline for her vitality. As chairperson of Reliance Foundation, she has emerged as a powerful advocate for women's health. On International Women's Day, through her digital platform Her Circle, she shared a candid message encouraging women to prioritize fitness and mindful nutrition, especially after 30. Her own formula: avoid sugar and artificial sweeteners, walk 5,000 to 7,000 steps daily, stay active, and control portions. ADVERTISEMENT Her workouts span yoga for flexibility, aquatic exercises for joint health, and dance for cardiovascular stamina. She emphasizes daily consistency over intensity—promoting the idea that wellness is a lifelong investment. ADVERTISEMENT While Buffett rejects fitness—claiming exercise may do more harm than good—Ambani embraces it as non-negotiable. 'Charlie and I never really exercised all that much,' Buffett said of his late business partner. 'We were carefully preserving ourselves.' He often points to the wear and tear experienced by athletes as a cautionary by contrast, views movement as central to well-being. Her regimen is a blend of structure and mindfulness, rooted in a belief that strength and energy are built over decades through daily effort. She has called on women to dedicate at least 30 minutes each day to physical activity—walking, stretching, or resistance work—and maintains that even small steps can deliver long-term gains. ADVERTISEMENT Despite their divergent choices, both Buffett and Ambani have remained at the helm of major institutions well into their later years. Buffett, now preparing to hand over leadership after transforming a struggling textile firm into a $1.16 trillion investment empire, continues to attribute his longevity to happiness and self-indulgence. 'I'm happier when I'm drinking Coke or eating hot fudge sundaes or hot dogs,' he said in a 2023 meanwhile, has used her platform to advocate for a broader vision of empowerment—rooted in health, balance, and purpose. Through Her Circle, she encourages women across India to see fitness not as a luxury, but as an essential act of self-care. ADVERTISEMENT From Omaha to Mumbai, these two billionaires have written their own playbooks for longevity. One is fueled by soda and sundaes, the other by smoothies and steps. And both, in their own way, have managed to beat the clock. Also read | Warren Buffett's biggest investment isn't Apple, BofA or Coca-Cola — it's a stock hidden in plain sight (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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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.
