Warren Buffett, the world-renowned investor and billionaire, has gained a reputation not only for his investment prowess but also for his unique lifestyle choices. One notable aspect of Buffett’s life is his unwavering commitment to his home, where he has resided for an impressive 65 years. Situated in Omaha, Nebraska, his five-bedroom house was purchased in 1958 for $31,500, which is equivalent to approximately $329,505 in today’s value. According to Zillow, a real estate market company, the current estimated value of the property stands at around $1.2 million.
Buffett has frequently extolled the advantages of homeownership and considers his house to be one of the best investments he has ever made, alongside two wedding rings. CNBC journalist Rebecca Quick, who maintains a close relationship with Buffett and conducts frequent interviews with him, describes him as an authentic individual who practices what he preaches.
The question naturally arises: why has Buffett never thought of changing his residence? Despite the house being constructed in 1921, Zillow’s high valuation suggests that Buffett has made substantial improvements to the property over the years. Furthermore, the fact that he has spent a significant portion of his life there contributes to his contentment and disinclination to move. In a 2009 interview with British journalist and economist Evan Davies of the BBC, Buffett explained, “I am happy there, I would move if I felt I would be happier in another property… I am warm in winter, cool in summer, and it is convenient for me. I could not imagine a better house.”
Buffett’s idiosyncrasies extend beyond his choice of residence and also manifest in his financial habits. Despite having an estimated net worth of $106 billion, Buffett is known for his frugality rather than extravagant spending. For instance, until 2020, he held onto his $20 phone and only recently upgraded to an iPhone 11. Interestingly, Berkshire Hathaway, the conglomerate he leads, has a substantial investment in Apple, making this purchase somewhat symbolic.
Another peculiarity is Buffett’s breakfast routine. He adheres to a strict budget and never spends more than $4 on breakfast. Often, on his way to work, he stops by McDonald’s, where he typically chooses from three options: two sausage medallions for $2.61, a sausage with an egg and cheese for $2.95, or an egg with cheese and bacon for $3.17. Remarkably, his breakfast selection can be influenced by the direction of the stock market. In the HBO documentary “Becoming Warren Buffett,” released in 2017, Buffett explains, “$3.17 is a bacon, cheese, and egg bagel, but the market is going down this morning, so I’m going to pass up the $3.17 and buy the $2.95.”
Warren Buffett’s commitment to his home and his frugal lifestyle choices serve as a testament to his grounded nature and unwavering principles. Despite his immense wealth and success, he remains true to himself, finding contentment in the simple pleasures of life. His unique approach to both investments and everyday habits continues to fascinate and inspire people around the world.