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 ...
He stops by McDonald’s to grab breakfast on his way to work each morning.
——————————————————————
That stop at McDonald’s probably costs him $1 million each day. In terms of time and lost productivity when buffet could be spending more time making billions of dollars instead of wasting time and money at McDonald’s.
This is the part of the marxist narrative where we demonize the bourgeoisie.
I had a boss who had a favorite saying. “That’s like a dollar chasing a dime.”
In the Buffets case that’s like $1 billion chasing a dime. Don’t be so preoccupied about a four dollar cup of coffee. Don’t be a Scrooge. Enjoy the riches that you have in life.
“Ya don’t get rich by wasting money.”
Absolutely! Why waste money.
I paid $2.49 for a cup of coffee, with refills, today at a diner in Indiana. That’s not too far from $4, and Mrs. B has a helluva lot more money than I do. She sounds like a pain....
Ya don’t get rich by wasting money.
———————————————————
Ya don’t get rich by wasting time either. That is what the Buffets are doing. Stopping at McDonald’s? Griping over four dollars for a cup of coffee?
You buy railroads and have pipelines shut down.
Adjusted for inflation that comes out to $10.56.
Absolutely! Why waste money
—————————————————
When a person is worth $114 billion, a 4 dollar cup of coffee represents 0.000000000000000000000000000000000000001% of their net worth.
I always heard that it is easier to save a million dollars than it is to make a million dollars.
“Warren Buffett detests high inflation, and it appears the billionaire’s wife does too.”
Too bad Scrooge McBuffet has been supporting the filth who have caused the high inflation.
Que the Eddie Murphy Trading Places memes.
She should know that it is free in the lobby of the Best Western.
Finally, a billionaire whose wife isn’t a trophy wife.
He’s a tightwad of the first magnitude. Not leaving anything to kids,
This isn’t news. Astrid Menks _spending_ $4 for a cup of coffee anywhere would be news.
Why is billionaire Buffet getting breakfast at McDonalds everyday? He could probably contract with some diner or such to make up some healthier breakfasts. They can prepare it and have it ready whether he dine’s in or takeout. It would cost a little more but it wouldn’t break his huge bank.
That’s over $10 in today’s “money”.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.