As one of the most successful investment masters in the Global, Buffett's personal life is known for its "simplicity" and "frugality," in stark contrast to his massive wealth. The details of Buffett's clothing, food, housing, and transportation fully reflect his pragmatic philosophy:
1. Clothing: Simple to the point of being "monotonous"
Buffett often wears loose, affordable suits in conservative colors (primarily gray and blue), hardly following fashion trends. Buffett has publicly stated that he dislikes being restricted, preferring comfortable and practical Outfits. Most of his suits come from mid-range brands, and he once wore a $20 Casio watch until Bill Gates gifted him a Rolex.
Tips from the stock god on dressing:
At the 2009 Berkshire Hathaway Inc. shareholder meeting, Buffett responded to a question about spending habits by saying, "Why should I buy a $5,000 suit? A $500 suit is completely sufficient. I don't care what brand it is, as long as it fits."
Not wanting to spend time on appearance: Buffett stated at the 2014 shareholder meeting, "If I look like a slob, it's not because I want to express anything, but because I don't care to spend time on this."
Advising young people to invest more in themselves: In 2014, Buffett advised young people that "any action that enhances one's skills and increases one's value will yield tenfold returns. Buying a luxury car or a designer suit will not achieve that."
2. Food: The "Happy Investment Theory" of Coca-Cola + Hamburgers
Buffett is famously a "junk food enthusiast," obsessed with Coca-Cola and hamburgers, and once jokingly said that since the age group with the lowest mortality rate is around 6 years old, one should align their diet with that of a 6-year-old child. In addition, the brands he loves are often related to his investments.
Investment God Dietary Tips:
At the 2002 Berkshire Hathaway Inc. shareholders' meeting, Buffett stated, "I will keep drinking Cherry Coke until they take it from my cold, dead hands."
In 2015, Buffett said, "A quarter of my body is Coca-Cola. If I consume 2,700 calories a day, a quarter of that comes from Coca-Cola."
In 2017, Buffett stated in an interview, "I often eat at Dairy Queen. I love their hamburgers, love their hot dogs, love their ice cream. It’s a great company."
At the 2017 shareholders' meeting, Buffett mentioned, "If I ate broccoli and kale every day, I might live to be 100, but I would be very miserable. I prefer to eat what I love and enjoy life at 86."
At the 2018 Shareholder Meeting, Buffett stated, "I enjoy eating the same things over and over again. My diet doesn't change much. I like See's Candies, I like Dairy Queen, I like Coca-Cola. I will not change." — All these brands are investment targets of Berkshire.
3. Residence: The "old house" that has not changed for over 60 years.
Omaha residence: A gray small building purchased in 1958 for $0.0315 million, lived in to this day. The house is about 600 square meters, and neighbors can knock on the door anytime. He once said, "I wouldn't trade it for anything."
Investment Tips for Properties:
Buying a house has investment significance. Buffett stated in an interview in 2010, "For most Americans, owning a home makes sense. Buying a house was my third best investment, although if I had rented and invested the home-buying funds in Stocks, I would have made more money."
Buying a house should consider long-term residence. Buffett stated in an interview in 2017, "If you are certain or very likely to live in one place for a long time, and you have a family, then buying a house is a very good choice."
Reflect on the lessons from the property bubble. Buffett reflected on the 2008 Real Estate bubble, pointing out that excessive borrowing and unrealistic expectations are problems, while affordability is key. "The social goal of our country should not be to get families into their dream homes, but to get them into homes they can afford."
After a crisis is the right time to invest: In 2012, there was Bullish sentiment towards the USA housing market, believing that the Low Stock Price after the crisis was a good investment opportunity suitable for long-term investors. "I can guarantee that in five years, you won't see such an opportunity again."
4. Travel: The low-profile "American Car Enthusiast"
Buffett's attitude towards Autos is very low-key, preferring practical and economical models that align with his simple life philosophy. He does not pursue luxury cars and tends to use the same car for a long time.
Stock Guru Travel Tips:
From 2014 to now, Cadillac XTS: In 2014, Buffett bought a Cadillac XTS at the insistence of his daughter and the advice of the then CEO of General Motors, initially intending to continue using his old car—Buffett once held shares in General Motors.
From 2006 to 2014, Cadillac DTS: Buffett bought a used Cadillac DTS in 2006 for 0.045 million dollars, and auctioned it in 2015 for 0.1225 million dollars, donating the proceeds to Girls Inc.
From 2001 to 2006, Lincoln Town Car: This car had the license plate marked "THRIFTY," symbolizing his frugal image, and it was auctioned on eBay in 2006 for 73,200 dollars, with the proceeds donated to Girls Inc.
In earlier times, or damaged discounted cars: Buffett preferred to buy damaged discounted cars (such as vehicles damaged by hail) because they are cheap. Specific models are not disclosed, but they may include Chrysler or General Motors brands.
