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Friday, January 15

Warren Buffett is a Frugal Miser, too

I'm a huge Warren Buffett fan - I even have had my picture with him during my annual pilgrimage each May to Omaha for the Woodstock for Capitalists weekend otherwise known as the Berkshire Hathaway annual shareholder's meeting.

Besides his investing prowess, I am continually amazed by his frugal ways. I was reading an article this week that reinforced just how frugal he is.

Buffett still lives in the house he bought in 1958 for $31,500. I've been by his house. How odd that one of the world's wealthiest people lives in a modest, Tudor-style home that you could walk right up to. Seriously- there's not even a fence around his front yard. It's a corner house on a fairly busy street in Omaha.

Buffett won't touch fancy food, either. I've read a quote from Buffett that if a three year old wouldn't eat it, neither would he. He drives himself to work every day. His salary? A meager $100,000 per year.

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