In today’s tough economic climate, Warren Buffett is setting a good example. The world’s second richest man lives in the same five-bedroom, gray stucco house he bought in 1958 for $31,500.
That’s right. Legendary investor Buffett, 78, still calls his humble digs in Omaha, Neb.’s Happy Hollow suburb home, despite a $37 billion fortune. That famous folksiness is, of course, in keeping with his investment philosophy. “If you don’t feel comfortable owning something for 10 years,” he once told a reporter, “then don’t own it for 10 minutes.”
Source: Yahoo News