Susan said before her death that she and Warren had a disagreement. After their family got richer and richer, Warren didn't want to donate the money at first, because Money was his scoreboard for Warren, and he also attached great importance to compound interest. And Susan has a great passion for civil rights, for helping others, for art, and for color. So even though they loved each other very much and respected each other, Warren's career became more and more successful; Susan still felt trapped in the relationship at the time, lost her identity, and chose to leave Omaha and move to San Francisco. Warren The first time I came to SF and walked around, I told Susan that this is your city. After Susan's death, Warren chose to donate most of his money to charity, to help his wife continue her dream during her lifetime, and to rethink her own view of wealth.
Although the documentary tries to downplay the contradictions between them, and although autobiographical things are suspected of whitewashing the past, it is still very moving. But can't say why. Maybe it's moved someone to do their best and live a life seriously? After all, there are not so many people who can live out themselves; there are so many people who don't love each other so much and respect each other so much, but in the end they compromise on life or fame and fortune, and still walk together.
=====================The following are the notes====================
Warren's Traits
1. I like business very much, and I like to be my own boss: I started a small business when I was in my teens, and I like to sell newspapers the most. Because I can decide my own route, no one can disturb me at 5 or 6 in the morning.
2. I like reading very much: I read all the books in my father's office when I was a child; later, because the author of the book I liked taught at Columbia University, I used ceramics and went to read business school. I still spend 5-6 hours a day reading.
3. I like to think very much. (This is a plus and sometimes an annoyance for the family. Stay close physically, but not means mentally close. Very connected when he was open to connecting.)
4. I like numbers very much and are very sensitive to numbers: now I can recite the number of people in a certain area from the books I read as a child
5. Attaches great importance to compound interest: a small example is when reading or doing business, you will calculate in your mind how long it would take for the profit from that one to buy another one
6. Life is very regular: for the past 50 years, I have lived in a place 5 minutes away from the office, passing by McDonald's to buy breakfast. But I can't take care of myself in daily life, thanks to my family to take care of me.
7. Very cruel introspection: identify misthinkings and avoid them in the future.
8. I enjoy my work very much, 60 years of professional career, 50 years are not like work, but play
9. FOCUS: If you are interested in a new topic, you will talk about it, read about it, and meet people that are involved in it. But if you are not interested, it is the other extreme.
10, attaches great importance to the establishment of reputation. He also used his reputation to save a very serious business crisis.
Investment Thinking & Habits
1. Start early: buy cheap enough stocks. As long as it's cheap, it doesn't matter how bad the management and company are.
2. Look for something that does give them a moat around it.
3. 'cigar-butt' investment
4. Use insurance float to invest
5, to see the current economic situation.
6. Define your own circle, ignore the encouragement of others, and start after seeing it.
7. Value investing. mentor and friend
8. Keep two principles in mind. The first principle is to never lose money; the second principle is to remember the first rule.
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