Collection: Warren Buffett - #59 | Warren Buffett's Normal Day



[Transcript]

AUDIENCE MEMBER

Mr. Buffett and Mr. Munger, thank you for having me here today. My name is Dorsey Brown from Baltimore, Maryland. And my second question to you, Mr. Buffett, could you just give us some idea of what a normal day, how you would like to spend a reasonable, normal day and — working on the investment side of the equation, or analysis, or reading, or just to give us some flavor of that? Thank you. WARREN BUFFETT

OK, I’ll answer the second question first. Very easy. I just — I read a lot, and I talk on the telephone a fair amount. We have no meetings. We have no committees. We have no slide presentations. You know, we have nothing, I mean it — (Laughter) And so I read a lot. I read annual reports. I read business publications. I could do it in way less time, but I enjoy doing it so I make it last, I mean, you know, like some other activities in life. The - (laughter) So it’s — there’s really — it’s the most boring job to anybody watching it, but I’m in love with it, you know. And so I like doing that. And I don’t like talking about it a lot, I just like to kind of keep up with what’s going on. Like I say, by this point in life I could filter out so much of that I would — I just don’t need to do that much of it. But I kind of enjoy just seeing what’s going on vicariously through doing a lot of reading. And I spend some time on the phone, and I’m on the computer a lot playing bridge, and I get to do what I like all the time. We’ll let Charlie describe what he does, which is even more bizarre. (Laughter) And then we’ll talk about compensation and options. CHARLIE MUNGER

Well, there’s a little more foolishness in my life than Warren’s, and — including being chairman of a large hospital. I’m not suggesting that hospitals are foolish, I’m just suggesting that it takes a certain quirk of mind to be willing to be the chairman of a hospital. And so my life is even more — it’s less rational than Warren’s. Warren lives one of the most rational lives I’ve ever seen. And it’s almost unbelievable, and — (Laughter) WARREN BUFFETT

He’s got me wondering why I’m here today. (Laughter)

(Source: https://buffett.cnbc.com/1997-berkshire-hathaway-annual-meeting/)

~ Please visit the site above for full video of Berkshire Hathaway Annual Meeting.

 

[YAPSS Takeaway]

Do what you like daily.