Posted on 07/15/2023 4:24:34 PM PDT by Hojczyk
Warren Buffett's wife reportedly balked at the $4 cost of a coffee at Sun Valley.
Astrid Menks' reaction aligns with her husband's approach to life, investing, and dealmaking.
Buffett lives simply, seeks value as an investor, and strikes a hard bargain when he cuts deals.
Warren Buffett detests high inflation, and it appears the billionaire's wife does too. Astrid Menks balked at paying $4 for a cup of coffee at Sun Valley this week, noting she "could get a pound of coffee" for that price in other places, the New York Post reported on Thursday.
Her reaction won't surprise close followers of Buffett, or shareholders of his Berkshire Hathaway conglomerate. The 92-year-old investor ranks among the world's richest people thanks to his $114 billion of Berkshire stock, but he lives a famously frugal lifestyle, and has made prudent spending a cornerstone of his investing and dealmaking style.
Indeed, Buffett still lives in the same house in Omaha, Nebraska that he purchased for $31,500 in 1958. He stops by McDonald's to grab breakfast on his way to work each morning. He's also earned a modest annual salary of $100,000 for more than 40 years.
(Excerpt) Read more at finance.yahoo.com ...
I wouldn’t pay $4 for a cup of coffee. We have coffee at home.
My problem is with paying $4 for a bad cup of coffee, which is basically true at all Starbucks and other name-brand coffee places.
You can find a good cup of coffee at some local coffee shops.
Ya don’t get rich by wasting money.
I went to stock seminar in 1965 and the stock broker said to buy Berkshire Hathaway it was around a hundred fifty dollars….that was a lot of money in 1965…should have got a loan for a hundred shares….
In Episode 23 of the Perry Mason TV series, broadcast in 1958, Perry and Della are at a high-class restaurant, Ferrold’s Cafe. Perry complains that the coffee costs a phenomenal $1.
Prudent and thrifty is one thing, cheap is another.
I thought Starbucks would never make it…what fool is going to pay four bucks for coffee….
Sun Valley? Where the SAG and AFTRA Hollywood biggies are meeting?
Where the heck can you get a $4 coffee in Sun Valley? We were there in May and I couldn’t find that. In fact, I bought some roasted coffee beans at Lizzy’s in Ketchum and the price took my breath away — $24 for 12 ounces of “Easy Tiger”! Gotta love a coffee name like “Easy Tiger.” I think it needs a comma, though: “Easy, Tiger.”
It was good, but not THAT good. I like to bring home roasted beans from our travels so I splurge now and then, but that was far and away the highest price I’ve ever paid for roasted beans.
All I’m seeing these recent years is 12 ounce packs of roasted beans (16 ounce packs are now long gone after being the standard size for decades) in the $13-$18 range. At $15, that works out to $0.68 a cup which isn’t bad.
I bought three bags of decaf coffee beans at our Kootenai County Farmer’s Market today: Doma, Tubbs and Narrow Way. Tubbs is named for “Tubbs Hill” in Coeur d’Alene, a popular hiking spot.
Good for her. Of course, her personal assistant might get her a $4 cup of coffee and she’d neve know it.
My local dealer wanted 17k for an oil change.
I was very unhappy but ended up having to apologize for my yelling and then bring them all doughnuts and coffee after I did some research.
Mr. Buffett is a terrible influence on America- but he is not unamusing. This whiny Business Insider diet about following his diet is straight comedy....
https://www.businessinsider.com/warren-buffett-diet-2017-10?_gl=1%2Adxkm8b%2A_ga%2ANjExMTk3OTM5LjE2ODIwNzA3NzY.%2A_ga_E21CV80ZCZ%2AMTY4OTMzODk1OS4yNDEuMS4xNjg5MzQxNjYxLjU3LjAuMA..#what-did-i-learn-24
Sun Valley via a private jet. Very frugal!
Oh yes she would
One egg with bacon on a bagel X2, coffee and a 16 oz Snapple, 17. 12 at the bagel shop yesterday. That’s insanity. I can’t do it. Just can’t.
I walked into a Starbucks in DC afew years ago...It was next to the bank where I had some business or I never would’ve went in there...Anyway, I asked for a cup of coffee...
Me: “Cup of coffee, please...”
Pencil neck geek behind the counter: What would you like in it?”
Me: “Coffee...”
Him: “What flavor?”
Me: “Coffee, plain...”
Him: “You, you mean...You just want plain coffee?”
Me: “Nope, not now...” I turned and left...
NEVER BEEN IN STARBUCKS AGAIN
You beat me to it.
When they have these conferences in Sun Valley they run out of places to park all the private jets at the airport.
So, the pilots typically have to drop off the special people and fly the plane over to Twin Falls or even Boise.
The pilots then stay with the plane until it is time to leave.
Then they fly back over to Ketchum to pick up the boss.
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