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Comment by omot | Hacker News Reader

He's 90 years old. It's kind of amazing, he's investing like he'll live for another century.

I don't think he ever did it with the intention of being around to spend the money. He lives off his modest salary, drives an old vehicle, and still is in the same normal house as decades ago.

The money is more like points in a game to him I think, he just loves the game.

That is a well constructed image. In reality the man has multi million dollar vacation houses and is quite ruthless in business.

> In reality the man has multi million dollar vacation houses

Source?

He had a vacation home that he bought in 1971 for $150k, but sold it a few years ago. So far haven't seen anything that would suggest he's not as frugal as advertised.

He wouldn't own anything to his name. He would put his assets in an offshore trust.

Yeah, but if I had the kind of money he had, I would build a money bin on a hill and put 3 cubic acres of cash in it. Offshore accounts are just boring in comparison.

That's definitely fun. But not fiscally sound. And you don't become a billionaire by having fun, unfortunately.

I'd much rather to see someone putting crazy ideas into action having money...

Nah, you get to be a billionaire by being smarter than the smarties, tougher than the toughies, and making it on Square.

Liquidity service provider

Some people suffer a purpose crisis when they retire. Some people just enjoy what they do. Some people enjoy being at the top of an organizational hierarchy. Whatever the reason is, it's legitimate for a person to not retire if they choose not to do so.

I am curious if he will really honor The Giving Pledge upon death.

https://en.wikipedia.org/wiki/The_Giving_Pledge

I guess he's one of those people that have spent so much time working on their business that he won't really retire until he's passed away.

Also, I suppose he has a whole team of people helping him make those kind of decisions, so perhaps this just reflects the company's strategy instead of a personal one? (as much as they can be treated separately, which they may not)

Buffett likes to tell the story of Rose Blumkin, who founded Nebraska Furniture Mart, and worked until she was 103. Once she retired, she was dead within a year. This is meant to serve as a warning to other Berkshire managers thinking of retiring.

Honestly it's kind of psychotic.

What makes it psychotic? I'd guess he really enjoys what he does. I hope to find something I enjoy that much and do it until I'm 90, too!

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